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As Art Basel Hong Kong drew to a close on March 30, all eyes turned to the major auction houses, where both Christie’s and Sotheby’s had aligned their spring marquee sales with the fair for the first time.

Across the three major houses, bidding signaled a clear shift in tastes toward cultural significance, institutional validation and long-term value.

Art sellers said it was a 'strong move' to line up major spring sales with Art Basel Hong Kong.

Both auctions represent significant decreases from previous sales seasons, but strong sell-through rates and increased bidding from mainland China indicate signs of recovery.

By Friday, as art professionals started picking up flights out of Hong Kong, the narrative for this year’s edition of Art Basel Hong Kong, and the surrounding art week, was pretty much set.

As mainland Chinese art buying continues its post-pandemic contraction, Christie’s and Sotheby’s are pivoting from ultra-contemporary Western artists towards tried-and-tested 19th- and 20th-century big hitters.

As we settle into a new year and a fresh auction season begins, the question looms: can the major houses turn the tide?

It’s no secret that 2024 was a challenging year for the global art market.

As Hong Kong gets swept up in anniversary celebrations for the People’s Republic of China, recent museum and gallery programming reveals the battle for the city’s identity.

Untitled (Yellow and Blue) by Mark Rothko has sold at Sotheby’s in Hong Kong for 30% less than previously auctioned amid a slowdown in the art market.

The first two evening auctions following the US national election took place in Hong Kong and Shanghai, with mixed results.

Observer caught up with Siyang-Le to find out what to expect from the upcoming edition and to hear more about Art Basel's expanding role in Asia.

Sotheby’s Hong Kong is gearing up to stage its first modern and contemporary art auctions in its recently opened premises at Landmark Chater on November 11 & 12.

Concerns about a down auction market did not stop several notable sales from taking place during this year’s autumn edition of Asia Week New York.

Sotheby’s says sale of Untitled (Yellow and Blue) represents Asia’s first auction of late artist’s major work