Christie's Hong Kong is offering Pablo Picasso's 1944 painting *Buste de femme* with a high estimate of HK$106 million (about $13.6 million) at its 20th/21st Century evening sale, making it the top lot in Hong Kong's September sales across the three major auction houses. Other notable lots include Zao Wou-Ki's *7.3.63* (estimate HK$70–90 million) at Christie's and two Yoshitomo Nara works at Sotheby's and Phillips. In other industry moves, New York's Tilton Gallery is closing after its upcoming Ruth Vollmer exhibition; Esther Schipper Gallery now represents Lotus L. Kang; Başak Doğa Temür and Nilbar Güreş will collaborate on the Turkish Pavilion at the 2026 Venice Biennale; Yan Du Project has appointed Billy Tang as artistic director; and Phillips will auction a juvenile triceratops skeleton in New York.
This roundup matters because it captures key shifts in the art market and institutional landscape: a major Picasso sale signals confidence in the Asian auction market, while gallery closures and new representations reflect ongoing consolidation and generational change. The Turkish Pavilion announcement highlights the continued importance of national presentations at the Venice Biennale, and the appointment of Billy Tang at Yan Du Project underscores the growth of London's nonprofit art scene.