
Hong Kong’s auction market hit a decade‑high in 2025, selling 22,247 lots and capturing 14.5% of global auction turnover, placing it third after New York and London. Digital channels drove a 20.2% rise in online sales while in‑room transactions fell, underscoring a hybrid model shift. Traditional Asian artworks surged 32.4% year‑on‑year, offset by a 30% drop in Modern and Contemporary sales value as high‑value consignments thinned. Women artists saw a 121.7% sales jump, yet remain absent from the top‑ten contemporary sellers.

David Zwirner’s New York show spotlights William Eggleston’s 1973 “Untitled” photograph, a vivid blue‑hued counterpart to his iconic “Red Ceiling.” Both images were created with Eggleston’s signature dye‑transfer process, a labor‑intensive technique discontinued by Kodak in 1994. The article frames the blue...