Here’s What Sold at Art Basel Hong Kong 2025—and for How Much

Art Basel Hong Kong Sales Report 2025

The much-awaited and delightfully disruptive Art Basel Hong Kong 2025 has finally wrapped up. While the event was indeed spectacular, it gave us a clearer understanding of the entire event, especially with its humungous sales records. Numerous galleries, museums, and collection houses have reported seven-figure sales according to the Art Basel Hong Kong 2025 sales report.

All The Important Art Basel Hong Kong Sales Report You Must Know!

The Art Basel Hong Kong sales report for 2025 is spearheaded by Yayoi Kusama, who fetched $3.5 million (David Zwirner) and Christina Quarles selling for $1.35 million (Hauser & Wirth) on the first day. There are also strong showings from emerging artists both regionally and internationally.

Hauser & Wirth (Paris, Hong Kong, Monaco, Menorca, Gstaad, Saint Moritz, Zurich, London, Somerset, Los Angeles, New York)

Hauser & Wirth sold Louise Bourgeois’s bronze sculpture, Cove (1998) for $2 million and Zeng Fanzhi’s oil painting for $1.5 million. Hauser & Wirth also sold two pieces by Korean artist Lee for $260,000 and $275,000 to a foundation in Europe. Jeffrey Gibson’s painting, Your spirit whispering in my ear (2025) was sold for $400,000. They also sold Mark Bradford’s untitled mixed media work for $300,000. 

Thaddaeus Ropac (Salzburg, Paris, Paris Pantin, Seoul, London)

Thaddaeus Ropac sold Roy Lichtenstein’s enamel screen print on processed and swirled stainless steel Water Lily Pond with Reflections (1992) for $1.5 million and Georg Baselitz’s 2010 painting for €1.2 million. They sold Robert Rauschenberg’s acrylic on paper for the First International Festival of Asian Film (1989) to a museum in China for $ 200,000. Thaddaeus Ropac also sold Alex Katz’s Ada by the Sea (1999) for $900,000.

Perrotin (Hong Kong, Shanghai, Paris, Tokyo, Seoul, Los Angeles, New York, London)

Perrotin sold Takashi Murakami’s new acrylic and gold leaf work Tan Tan Bo: Wormhole (2025) for $1.35 million. 

Pace Gallery (Hong Kong, Tokyo, Seoul, Geneva, London, Los Angeles, New York)

Pace Gallery sold contemporary Chinese artist Li Hei Di’s work to a private museum for $50,000. Pace Gallery also sold Lee Ufan’s painting for $1.1 million on the last day.

Kiang Malingue (Hong Kong)

Kiang Malingue sold Brook Hsu’s new ink-on-canvas piece for $45,000 to an Asian foundation.

Tina Kim Gallery (New York)

Tina Kim Gallery sold Lee ShinJa’s cotton, wool, and linen weaved piece, Joining (1981) for $200,000 to a Chinese museum. Late Filipino artist Pacita Abad’s monumental installation, Through the Looking Glass (1996) was sold to a Southeast Asian museum for $500,000.

Ames Yavuz (Singapore, Sydney, London)

Ames Yavuz sold First Nations artist Betty Muffler’s three works for $40,000–60,000, each.

Property Holdings Development Group (Hong Kong)

Property Holdings Development Group sold Christopher K. Ho’s piece to a prominent corporate collection.

De Sarthe (Hong Kong)

De Sarthe experienced notable success with NFTs and editions. They represented Chinese artist Lu Yang’s digital alter ego, Doku, who has not yet finalised sales for DOKU the Creator (2025), despite multiple institutions showing strong interest.

Star Gallery (Beijing)

Star Gallery sold Zhang Wei’s oil-on-paper, Jingshan Front Street, Beijing (1974) for $11,050 to Tate Modern.

Jessica Silverman Gallery (San Francisco)

Jessica Silverman Gallery sold Indian artist Rupy C. Tut, two new works for $40,000 each. Bay Area institutions acquired one of those.

P420 (Bologna)

P420 successfully sold German-Italian artist Irma Blank’s five historical pieces to private collectors in Hong Kong, China, Italy, Germany, and Colombia, with prices falling between $8,500 and $32,000.

Bank (Shanghai)

Hong Kong’s M+ acquired Yibei Zhang’s hanging sculpture, There is everything in our bonfire (2024) for $25,000 from Bank.

Kukje Gallery (Busan, Seoul)

Kukje Gallery sold late South Korean painter Park Seo-Bo’s mixed-media canvas (2004) for between $540,000 and $648,000.

Sprüth Magers (Berlin, London, Los Angeles, New York)

Sprüth Magers sold works by two different generations of Korean artists – Hyun-Sook Song (b. 1952) and Mire Lee (b. 1988). Hyun-Sook Song’s two tempera-on-canvas were purchased for €65,000 by two Asian collectors. Mire Lee’s pieces sold for €45,000 and €30,000.

ShanghART (Shanghai, Beijing, Singapore)

ShanghART sold Chinese artist Han Mengyun’s Fruit of Tranquility (2024) for $60,000 to an Asian museum.

Clearing (New York, Los Angeles)

Gallery Clearing sold Shota Nakamura’s painting for around $100,000; a significant feat for an artist under 40.

Linseed Gallery (Shanghai)

Linseed Gallery sold Taiwanese Berlin-based artist Ernie Wang’s three ceramic pieces—showcased in the Discoveries sector— between $4,800 to $18,000 each.

Vadehra Art Gallery (New Delhi)

Vadehra Art Gallery sold Pakistani American artist Zaam Arif’s two paintings for between $10,000 and $25,000 each.

Yi Yun Art (Taipei)

Yi Yun Art sold Taiwanese artist Yu Peng’s 11 artworks for approximately $160,000 to collectors based in Taiwan and Hong Kong.

HdM Gallery (Beijing, London)

HdM Gallery sold Chinese French painter Sanyu’s 20 ink drawings on paper to private collections in Asia, with prices ranging from $27,000 to $37,710.

Xavier Hufkens (Brussels)

Xavier Hufkens sold a Milton Avery artwork for $800,000 and a Nicolas Party piece for $500,000.

Gallery Massimo De Carlo (Milan, London, Hong Kong, Paris, Seoul)

Gallery Massimo De Carlo sold Jennifer Guidi’s artwork for between $500,000 and $600,000.

Galerie Lelong (New York, Paris)

Galerie Lelong sold David Hockney’s painting for $811,000 and Jaume Plensa’s artwork for $508,000.

During Art Basel’s VIP day, it was evident that although the art market was slow, collectors were present in large numbers and actively engaging in sales conversations. However, the Art Basel Hong Kong sales report 2025 also clarifies lower sales when compared to 2024.

Image – Yayoi Kusama’s artwork at Art Basel Hong Kong 2025. Courtesy – Lan Kwai Fong