Observer’s 2025 Art Market Recap: Recovery After a Year of Recalibration
On the cusp of 2026, optimism is returning to the art world, tempered by a growing recognition that its next chapter will demand structural reinvention.
Patti Wong
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Utamaro’s ‘Fukagawa in Snow’ Led Sotheby’s HK$688M Sale of Works from the Okada Museum of Art
The museum, founded in 2013 by billionaire Kazuo Okada, was compelled to sell the trove of masterworks to settle a $50 million legal bill owed by the collector.
Sotheby’s Shatters Records at Its Breuer Debut as a $236.4M Klimt Leads the $706M Evening Sale
The auction house's debut at the Breuer was defined by Gustav Klimt’s late portrait soaring to $236.4 million, anchoring the $527.5 million white-glove sale of the Leonard A. Lauder collection.
