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Caution reigns in Hong Kong 2024 spring art auctions, with US$12 2 million Yoshitomo Nara painting the top lot

Sotheby’s spring contemporary art sales in Hong Kong fall short of those in 2023; there and at Poly Auction’s spring sale, fewer lots were on offer. A Yoshitomo Nara work sold for US$12.2 million.

Hong kongPablo picasso le peintreWifredo lamRichard zhang tengRashid johnsonYoshitomo naraInternational monetary fundAsia society hong kong centerNicolas partyHisi wantBright lights tonightZao wou kiGeorge condoGreen eyed ladyLucy bullZhang teng

African Art Sales Outperformed the Overall Market Despite a Slump Last Year

More than half of all sales were works by women

Cape townWestern capeSouth africaHong kongCity ofUnited kingdomNew yorkUnited statesFrance generalSouth africanSouth africansNjideka akunyili crosbyJulie mehretuAlastair meredithGerard sekotoLindsay dewar

Business as Usual for the Contemporary Art Market, With Risks for a Further Downturn

Experts surveyed by ArtTactic have a largely neutral outlook for the coming year

United statesUnited kingdomCity ofHong kongMary cassatLindsay dewarAnders pettersonPhiladelphia museum of artInternational monetary fundLondon art fairMiddle eastPhiladelphia museumArticle normalArt marketRetail wholesaleSpecialty retailing

Picasso, Monet, Warhol, Basquiat, and Richter Lead Artists Powering the US$1 Million-Plus Market

The ranking taps internal Sotheby’s data on bidders and private sales for a joint report out this week from the auction house and ArtTactic

United statesCity ofUnited kingdomJasper johnsBrooke lampleyAlberto giacomettiCecily brownHelen frankenthalerPaul gauginClaude monetMari claudia jimJean michel basquiatYayoi kusamaPablo picassoGerhard richterAnders petterson

Art Auction Sales Drop 27% as Fewer $10 Million Works Are Sold, Report Finds

Christie’s results would have slid only 7% if last year’s figures didn’t include Paul Allen’s masterpieces

City ofUnited kingdomAnders pettersonFrancis belinChristie asia pacificGuillaume ceruttiEmily fisher landauPablo picassoPaul allenOld mastersPatek phillipeAsia pacificArticle normalChristie amp 39 sArt marketArt auctions

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