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March 2025 fine-art market intelligence

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Fine art

London Evening Sales at Christie’s realize £130,251,700 / $166,591,924 / €156,302,040

christies.com

René Magritte’s La reconnaissance infinie led the London Evening Sales with a £10.3 million result, while Michael Andrews established a new auction record for the School of London painter. Across both London Evening Sale and The Art of the Surreal Evening Sale, Christie’s reported totals of £130,251,700 / $166,591,924 / €156,302,040, with 94% sold by lot and 97% by value.

Fine art

A rediscovered Gustav Klimt portrait of an African prince is on offer at TEFAF Maastricht

news.artnet.com

Gustav Klimt painted Prince William Nii Nortey Dowuona (1897), a portrait of an Osu prince now offered by W&K – Wienerroither & Kohlbacher Gallery at TEFAF Maastricht for €15 million. The painting, lost after World War II, was identified by Alfred Weidinger as a portrait of an Osu prince from the region now called Ghana, with provenance hinting at its original display at ethnographic exhibitions in Vienna.

Fine art

A long-lost Klimt painting of an African prince goes on show

cnn.com

Gustav Klimt’s 1897 portrait of Prince William Nii Nortey Dowuona, a Ga prince from what is now Ghana, rediscovered and on display at Wienerroither & Kohlbacher at TEFAF Maastricht for about €15 million (roughly $16.3 million). The work, thought lost since the 1930s, was authenticated after restoration and a restitution settlement with the Klein heirs; it was painted during Klimt’s Vienna era and previously exhibited in 1928.

Fine art

The Onzea-Govaerts Collection curated by Axel Vervoordt totals €10M| $10.8M

press.christies.com

The Onzea-Govaerts Collection curated by Axel Vervoordt totals €10M| $10.8M; the sale highlighted works by Rik Wouters including a portrait of his wife and muse Nel, Reflets, 1912, acquired for €2,460,000, establishing a world record for the artist, and notable pieces such as a Concetto Spaziale, Attese by Lucio Fontana and an Egyptian granite head of Sekhmet.

Fine art

Klimt portrait of West African prince resurfaces at art fair

hyperallergic.com

Klimt painted a portrait of Prince William Nii Nortey Dowuon, a member of the Ga (Osu) people, which resurfaced at the European Fine Art Fair in Maastricht, exhibited by Wienerroither and Kohlbacher. The painting, dating to 1897, was rediscovered in 2023 and is linked to Klimt's decorative turn and early Vienna Secession context, as well as a dark colonial history tied to ethnographic showcases.

Fine art

Art Basel Hong Kong 2025 what sold what the dealers said

artlyst.com

Art Basel Hong Kong 2025 concluded with strong sales across sectors and acquisitions of works by Pacita Abad, Michaël Borremans, Louise Bourgeois, Tracey Emin, Zeng Fanzhi, Yayoi Kusama, Betty Muffler, Yu Peng, Christina Quarles, Pinaree Sanpitak, Park Seo-bo, Félix González-Torres, Zhi Wei, and Lu Yang.

Fine art

Phillips Unveils Highlights from the London New Now: Modern & Contemporary Art Sale

Phillips

Christie’s examines PHILLIPS UNVEILS HIGHLIGHTS FROM THE LONDON NEW NOW: MODERN & CONTEMPORARY ART SALE and its significance for artists, collectors, institutions, or the art market.

Fine art

How Victor Vasarely became the ‘grandfather’ of Op Art

Christie’s

The Hungarian maker of ‘pictures that attack the eye’ channelled Einstein and Heisenberg to push the boundaries of geometric abstraction — but found equal inspiration in the canvases of Malevich and Mondrian. An important group of his works is offered in Paris on 8 April

Fine art

Sabado por la Noche (Saturday night), 1984: Basquiat's Visual Odyssey

Christie’s

A leading highlight of the 20th/21st Century Evening Sale in Hong Kong this March, Jean-Michel Basquiat’s Sabado por la Noche captures his signature style and marks a defining moment in his career

Fine art

Axel Vervoordt on curating the Onzea-Govaerts Collection: ‘You rely on finding connections between objects on a deep, unspoken level’

Christie’s

The great tastemaker describes how he brought ‘harmony’ and ‘positive energy’ to a group of objects ranging from Chinese ritual vessels to Japanese screens via Pieter Brueghel the Younger, Lucio Fontana and sculpture from Borneo

Fine art

Phillips Unveils Highlights from the Inaugural Editions Auction in Hong Kong Amid Strong Market Demand

Phillips

Christie’s examines PHILLIPS UNVEILS HIGHLIGHTS FROM THE INAUGURAL EDITIONS AUCTION IN HONG KONG AMID STRONG MARKET DEMAND and its significance for artists, collectors, institutions, or the art market.

Fine art

20th/21st Century: London evening sales achieve £130,251,700 / $166,591,924 / €156,302,040

Christie’s

94 per cent sold by lot, 97 per cent sold by value and 43 per cent of lots sold above the high estimate across both evening sales, which were led by René Magritte’s La reconnaissance infinie at £10.3 million, and saw a new auction record for School of London painter Michael Andrews

Fine Art

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