Christie’s Evening Sale was led by a $14.5 million Jean-Michel Basquiat. Christie’s Closing with a combined $154,418,490 across the three auction houses, last week’s Hong Kong marquee auctions confirmed an Asian market now far more cautious and selective than in previous cycles—a shift in pace and taste made all the more apparent by the galleries’…
Private Mediterranean islands rarely come up for sale, but Punta Pennata, a sliver of land in the Gulf of Naples with the crumbling walls of an old Roman villa tucked amid its overgrown flora, has been on the market for several months. Located about 20 miles from downtown Naples, the narrow island with its abrupt…
Hong Kong, a global hub for art and finance, is at the forefront of a revolution where art meets blockchain technology. The rise of NFTs (Non-Fungible Tokens) and RWA (Real World Asset) tokenization is redefining the art market, expanding its reach and lowering entry barriers. At the upcoming World Expo in Hong Kong, these innovations…
Despite a slowdown in the global art market, auction house rivals Christie’s and Sotheby’s upgraded their commercial showrooms in Hong Kong earlier this year, as they shift from renting exhibition spaces to hosting auctions and events in-house. For its revamped showpiece, Sotheby’s chose a two-storey, 24,000 sq ft space in Hongkong Land’s Landmark Chater building…
The big arts event in Hong Kong this weekend is Hong Kong-born conductor Elim Chan’s guest appearance with the Hong Kong Philharmonic Orchestra this Friday and Saturday. There are also many art exhibitions taking place, including previews of upcoming auctions that do not charge for entry, that are worth checking out this weekend. 1. Hong…
Angelle Siyang-Le, director of Art Basel Hong Kong. Courtesy of Art Basel While Art Basel Miami Beach is just around the corner, Art Basel Hong Kong has already announced the gallery list and details for its 2025 fair, set for March 28-30 at the Hong Kong Convention and Exhibition Centre. This year’s edition will showcase…
A painting by Mark Rothko that once belonged to fugitive Malaysian financier Low Taek Jho (commonly known as Jho Low) and which went viral in 2022 because of its resemblance to the Ukrainian flag was sold in Hong Kong on November 11 for HK$252.5 million (US$32.5 million), 30 per cent lower than its previous auction…
Hong Kong celebrity Kelly Chen Wai-lam has raised over HK$3 million (US$386,000) by selling 10 Hermes bags from her collection at an auction, with part of the proceeds going to her charity and the most expensive of the lot going for HK$780,000 (US$100,000). A Post search of Sotheby’s records of its auction on Thursday showed…
A Mark Rothko painting once owned by Malaysian fugitive financier Low Taek Jho will be auctioned in Hong Kong in November, in what is billed as the artist’s first major work to go under the hammer in Asia. Auction house Sotheby’s said over the weekend that the piece by the late American abstract painter would…
The Big Picture is excerpted from The Asia Pivot, Artnet Pro’s biweekly members-only newsletter providing mission-critical analysis, insights, and exclusive intelligence on developments in Asia’s art markets, with a focus on business opportunities and challenges. Subscribe here to receive it directly to your inbox. As the action-packed Seoul Art Week wrapped, the art world’s attention…