SBI Art Auction is set to host a major two-day auction event in Tokyo this March, coinciding with Art Fair Tokyo. The first sale, "Modern Legacy," features a prestigious single-owner Japanese collection including masterpieces by Léonard Tsuguharu Foujita, Edvard Munch, and Egon Schiele. The second sale, "Bloom Now," focuses on contemporary and Pop art, highlighting works by Roy Lichtenstein and Takeda Teppei, with the combined events carrying a low estimate of JPY 1.25 billion ($7.9 million).
This event underscores the strength of the Japanese secondary market and its appetite for both blue-chip Modernism and cutting-edge contemporary art. By scheduling these sales alongside Art Fair Tokyo and including satellite exhibitions, SBI Art Auction is positioning itself as a central pillar of Japan's art week, catering to a sophisticated domestic collecting base while leveraging international interest in Japanese-French masters like Foujita.