Sotheby’s First Sale in Saudi Arabia Nets $17.3 Million—and More Art Industry News

Our weekly news roundup is an extension of Paint Drippings, which drops first in The Back Room, our lively recap funneling only the week’s must-know art industry intel into a nimble read you’ll actually enjoy. Artnet News Pro members get exclusive access—subscribe now to receive this in your inbox every Friday.

Art Fairs

 Independent named the 82 galleries that will take part in its 16th edition, which is set to run once against at Spring Studios in New York from May 8 to 11. (Press release)

Expo Chicago, which runs April 24–27, has partnered with the Galleries Association of Korea and will host 20 Korean galleries at its 2025 fair, including Gallery Baton, BHAK, Gana Art, Keumsan Gallery, and Sun Gallery. (Press release)

Irene Kim, previously global head of VIP relations for Art Basel, has left the art fair for a position at Chanel. Her move is the fair’s third major personnel loss in the new year, following the departures of Dunja Gottweis and Alexie Glass-Kantor. (Artnews)

Auction Houses

Sotheby’s inaugural sale in Saudi Arabia on Saturday fetched $17.3 million, including fees, across an eclectic mix of around 120 lots ranging from fine art to watches and sports memorabilia. The top art lots included a work on paper by Surrealist René Magritte, a sculpture by Fernando Botero, and a Banksy painting, all of which fetched just over $1 million, within their presale estimate ranges. All four works by Saudi Arabian artists in the auction exceeded their estimates, while Samia Halaby’s Blue Trap (in a Railroad Station) (1977) sold for $384,000—nearly twice its high estimate. Refik Anadol’s Machine Hallucinations, created in collaboration with NASA, sold for $900,000 to the the newly founded Bity Foundation, led by Swiss tech entrepreneur Gian Bochsler and advisor Romain Sabah; the purchase was made with cryptocurrency. The event marked the first time that an entire live auction of physical works has been open to cryptocurrencies. (Press release)

Two nude women posing in the foreground of a painting, against a backdrop of ancient architecture

Paul Delvaux, Belles de nuit. Courtesy of Christie’s Images Ltd.

– Three paintings by Belgian artist Paul Delvaux will hit the auction block at Christie’s Surreal Evening Sale in London on March 4 with estimates that range from £500,000 to £2 million (about $620,000 to $2.5 million). (Artnet News)

– Meanwhile, Christie’s, the first auctioneer to sell an A.I.-created artwork, is launching the first auction dedicated solely to A.I. art. Opening on February 20, “Augmented Intelligence” features over 20 works, including paintings, sculptures, digital pieces, and interactive experiences by artists such as Refik Anadol, Claire Silver, Pinder Van Arman, and Holly Herndon and Mat Dryhurst. (Artnet News)

Galleries

– The Art Dealers Association of America pledged $100,000 from its ADAA Relief Fund to the L.A. Arts Community Fire Relief Fund.  (Press release)

– Artist Tracey Emin was named a Dame Commander for services to the arts at Buckingham Palace. (Instagram)

Blum now represents Etsuko Nakatsuji and the estate of Sadamasa Motonaga, Magenta Plains has added Matt Keegan to its roster, and Berry Campbell has taken on representation of the estate of Mary Ann Unger. (Press releases)

Museums and Organizations

– The Harvard Art Museums received 62 prints and two paintings by Edvard Munch, plus a Jasper Johns print, from the collection of Philip A. and Lynn G. Straus. (Press release)

– The Bruce Museum in Greenwich, Conn., named Mary-Kate O’Hare as its new director and CEO. She comes from Citi Private Bank Art Advisory, which she currently leads. (Press release)

a photo of a woman smiling with dark curly hair and hoop earrings

Erin Harkey. Courtesy of Americans for the Arts.

Americans for the Arts appointed Erin Harkey as its next CEO. Harkey was previously commissioner of the Chicago Department of Cultural Affairs and Special Events. (Press release)

Rebecca Lowery was named curator of exhibitions at the Wexner Center for the Arts in Columbus, Ohio. She joins from the Museum of Contemporary Art in Los Angeles. (Press release)

MASS MoCA in North Adams, Mass., appointed Nora Trebbe Maroulis as its chief advancement officer. (Press release)

– The Pennsylvania Academy of the Fine Arts in Philadelphia tapped Lea Stephenson to be its next curator of historical American art. (Press release)

Tech and Legal News

– Crypto-loving art collector Justin Sun sued entertainment mogul David Geffen to reclaim an Alberto Giacometti sculpture that Sun claims was sold without his knowledge from his collection to Geffen. A lawyer for Geffen called the claims “bizarre and baseless.” (Artnet News)

President Trump’s tariffs are continuing to draw concern from the international art industry. Anyone who does business abroad, which is pretty much everyone, is bracing for impact, and U.S. galleries with connections to China are suddenly grappling with a new state of play. Find out more on this week’s episode of Art Market Minute, Artnet’s weekly snapshot of the art industry’s biggest news. (Art Market Minute)

Walter Robinson with one of his works at the opening of “Go Figure!” at the Eric Firestone Gallery in East Hampton, N.Y., in 2019. Photo by Patrick McMullan/Patrick McMullan via Getty Images.

RIP

– The painter, writer, and editor Walter Robinson, a stalwart contributor to the New York art scene for more than 50 years, died at 74. (Artnet News)

– German Spanish collector Helga de Alvear died at 88. A driving patron of ARCO Madrid, she built a collection focused on photography, video, and installation-based work. (Euro News)

– Bay Area venture capitalist Richard Kramlich, a pioneering collector of video art with his wife, Pamela, died at 89. The couple built a home designed by Herzog and de Meuron to house their expansive collection, which includes works by Nam June Paik, James Coleman, and Dara Birnbaum. (ARTnews)

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