June 18, 2025|
AI
|6 months agoArt Basel 2025 Opens with Record-Breaking Sales
Premier art fair reports multiple million-dollar transactions on opening day, with Hockney painting fetching up to $17 million, signaling strong Swiss art market.
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Generated IllustrationKey Takeaways
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- British artist David Hockney's painting 'Mid November Tunnel' (2006) topped the sales list, fetching between $13-17 million.
- Zurich gallery Hauser & Wirth recorded seven separate sales exceeding one million dollars each on the first day.
- A sculpture by American artist Ruth Asawa sold for $9.5 million at the David Zwirner Gallery.
- German artist Georg Baselitz saw works sold across multiple galleries, including sales of $1.8 million, $1.2 million, and €2.2 million.
By The Numbers
$13-17 million
Sale price of top lot
7
Million-dollar sales by Hauser & Wirth
$9.5 million
Sculpture sale price
$6.8 million
Painting sale price
They Said
"This year’s list of sales on the first day was topped by a painting by British artist David Hockney, which sold for between $13-17 million."
1
The $17 Million Opening Shot
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Zurich's Hauser & Wirth Dominates Home Turf
3
International Titans Flex Financial Muscle
4
The Baselitz Blitz: A Market Obsession
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