عربي English Türkçe اردو فارسى
Logo
Latest News
Culture

Christie’s Expands Hong Kong Footprint in Hope of Art Market ‘Pickup’

A security personnel stands next to a painting titled "Nympheas" (water lilies) by artist Claude Monet during the inaugural sale at Christie's new Asia Pacific headquarters in Hong Kong, China September 19, 2024. (Reuters)
A security personnel stands next to a painting titled "Nympheas" (water lilies) by artist Claude Monet during the inaugural sale at Christie's new Asia Pacific headquarters in Hong Kong, China September 19, 2024. (Reuters)
TT
TT

Christie’s Expands Hong Kong Footprint in Hope of Art Market ‘Pickup’

A security personnel stands next to a painting titled "Nympheas" (water lilies) by artist Claude Monet during the inaugural sale at Christie's new Asia Pacific headquarters in Hong Kong, China September 19, 2024. (Reuters)
A security personnel stands next to a painting titled "Nympheas" (water lilies) by artist Claude Monet during the inaugural sale at Christie's new Asia Pacific headquarters in Hong Kong, China September 19, 2024. (Reuters)

Auction house Christie's opened its regional headquarters in Hong Kong on Friday as its Asia Pacific chief predicted a sales "pickup" despite a global art market weighed down by wary sellers.

Christie's is the third major auction house in recent years to expand their footprint in the Chinese finance hub in a bid to woo younger Asian buyers, following rivals Phillips and Sotheby's.

President of Christie's Asia Pacific Francis Belin said the current dip in the market was due to "hesitant" consignors and "sellers being a little bit cautious".

"We are quite confident... in the second half of this year that we see a very nice pickup in our numbers," Belin told AFP.

Christie's earlier reported $2.1 billion in sales in the first six months of 2024 -- the second consecutive year of decline -- down from its 2022 peak of $4.1 billion.

China's economic slump has been cited as a key reason the art market has pulled back from its pandemic-era peaks.

But Belin said the new venue reflected the "very strong demand" from Asia with the emergence of younger collectors.

"The market is not short of buyers... Asia continues to recruit new clients, younger clients (and) Asian collectors embrace new categories," he said, adding that Hong Kong remained the "best place to transact art".

"It's a free flow of capital, free flow of merchandise, free flow of people," Belin said.

The auction house took over four floors at a new skyscraper designed by Zaha Hadid Architects located in the heart of Hong Kong's financial district, with 50,000 square feet (4,600 square meters) of exhibition and office space.

The new space will allow Christie's to bring their events in-house instead of vying for room at Hong Kong's convention and exhibition center.

Its first series of auctions set for next week includes artwork by Vincent van Gogh, Claude Monet and Chinese-French painter Zao Wou-Ki.

Analysts say major auction houses are unfazed by Hong Kong's political environment even as Beijing tightens its grip on artistic freedoms.

Christie's expansion also came at a time when the city's commercial property market was at a low ebb.

The building housing Christie's, called The Henderson -- reportedly built on the world's most expensive plot of land -- was 40 percent vacant as of May, according to Bloomberg News.

Belin earlier told AFP that Christie's signed a 10-year lease at The Henderson and that the relocation would cut operating costs.

Most Viewed

 
 
Culture

Archaeologists Forced by Middle East War to Cut Short Iraq Digs

An Iraqi worker excavates a rock-carving relief recently found at the Mashki Gate, one of the monumental gates to the ancient Assyrian city of Nineveh, on the outskirts of what is today the northern Iraqi city of Mosul on October 19, 2022. (AFP)
An Iraqi worker excavates a rock-carving relief recently found at the Mashki Gate, one of the monumental gates to the ancient Assyrian city of Nineveh, on the outskirts of what is today the northern Iraqi city of Mosul on October 19, 2022. (AFP)
TT
TT

Archaeologists Forced by Middle East War to Cut Short Iraq Digs

An Iraqi worker excavates a rock-carving relief recently found at the Mashki Gate, one of the monumental gates to the ancient Assyrian city of Nineveh, on the outskirts of what is today the northern Iraqi city of Mosul on October 19, 2022. (AFP)
An Iraqi worker excavates a rock-carving relief recently found at the Mashki Gate, one of the monumental gates to the ancient Assyrian city of Nineveh, on the outskirts of what is today the northern Iraqi city of Mosul on October 19, 2022. (AFP)

Iraq is home to ruins from some of the world's earliest civilizations, but teams led by international archaeologists have been forced by drone and rocket attacks in the Middle East war to cut short their expeditions.

Archaeologists told AFP that some of the projects interrupted by the war had been planned for years, but their teams have had to evacuate ancient sites since the United States and Israel attacked Iraq's neighbor, Iran.

Like other countries around the region, Iraq has become engulfed in the war, bringing to an abrupt end a period of nascent stability.

Iraq's precious archaeological sites, some dating back thousands of years, had for years faced threats ranging from climate change to successive conflicts.

Under normal circumstances, around 60 international teams would have been working on digs, a government official told AFP, but "all of these missions have left Iraq".

- 'Like a musician' -

Adelheid Otto of Germany's Ludwig-Maximilians-University started a long-planned dig at ancient Shuruppak, modern-day Tell Fara, on February 28.

That same day, Israel and the US launched strikes against Iran, sparking a war that has dragged Iraqi armed groups into the fray -- and cutting short Otto's work.

"We are Near Eastern archaeologists. So that is our work. That is like a musician who can no longer play an instrument," she told AFP.

Her team -- 18 German archaeologists, geologists, geophysical experts and students and seven Iraqi archaeologists -- initially stayed, reasoning travelling the 750 kilometers (460 miles) overland to Türkiye was more dangerous.

"After some days we got kind of used to the rockets and drones above our heads," she said.

But Iraqi officials repeatedly urged them to depart, despite their discovery of ancient cuneiform tablets.

"It is impossible" to leave, she told authorities, insisting on staying extra days. "We have to document it. We have to take photos of everything."

"I told the students you have to work on all the small finds that we have," said Otto, 59, who boasts four decades of experience.

"You never know in any of these countries if you will ever return," she said.

- 'Guarantors' -

Many German institutions had just started relaxing travel restrictions to Iraq after a succession of conflicts, including the 2003 US-led invasion and the extremist ISIS group.

Now, said Otto, archaeologists once again face being shut out.

Iraq's State Board of Antiquities and Heritage head Ali Obeid Shalgham told AFP Iraqi security forces were the sites' "true guarantors", especially as many are in remote rural areas.

He said the country is installing so-called protective "blue shields" -- nicknamed "the Red Cross of heritage" -- at archaeological sites.

The presence of foreign teams is "crucial", said Aqeel al-Mansrawi, an Iraqi landscape archaeologist.

"They work to protect heritage through conservation," he said.

He also emphasized the training Iraqi experts receive from foreigners, vital after years of isolation and war.

"We are always training a lot of Iraqi archaeologists and colleagues," said Otto, of the German institute.

"If it would be cut again, it would be terrible," she said.

Foreign digs must work with Iraqi archaeologists, bringing their international expertise.

Shalgham said the arrangement allows Iraqis "to keep up with global advancements in new technologies and state-of-the-art equipment".

- 'Can't catch a break' -

Chicago University professor Augusta McMahon was in southern Iraq, working at the 6,000-year-old Nippur site, when the war began.

Having worked in the Middle East for almost four decades, this was her third evacuation.

In 2024, she had to leave Iraq, while in 2011, she left Syria.

"We had pressure from a lot of different directions in terms of having to leave," she said, with her eight-person team departing under an Iraqi escort on March 10.

"It is quite frustrating, along with everything else, I feel terribly bad for [my] Iraqi colleagues," she said.

The war has also rippled beyond the immediate: an initiative to finally return the preeminent Rencontre Assyriologique Internationale (RAI) conference to Iraq was cancelled by the University of Baghdad.

The city last attempted to host the event in 1990, according to the university, but it was scrapped with the Gulf War.

"Now 36 years later, they finally pulled themselves together... and it's cancelled again," said McMahon, who was due to be presenting.

"It's like they can't catch a break."

Culture

Thieves Steal Paintings by Renoir, Cézanne and Matisse from Italian Private Museum

A visitor looks at works by Auguste Renoir during the press review of the exhibition 'Renoir the draughtsman at 'the Orsay museum, Monday, March 16, 2026, in Paris, France. (AP Photo/Emma Da Silva)
A visitor looks at works by Auguste Renoir during the press review of the exhibition 'Renoir the draughtsman at 'the Orsay museum, Monday, March 16, 2026, in Paris, France. (AP Photo/Emma Da Silva)
TT
TT

Thieves Steal Paintings by Renoir, Cézanne and Matisse from Italian Private Museum

A visitor looks at works by Auguste Renoir during the press review of the exhibition 'Renoir the draughtsman at 'the Orsay museum, Monday, March 16, 2026, in Paris, France. (AP Photo/Emma Da Silva)
A visitor looks at works by Auguste Renoir during the press review of the exhibition 'Renoir the draughtsman at 'the Orsay museum, Monday, March 16, 2026, in Paris, France. (AP Photo/Emma Da Silva)

Thieves made off with three paintings by Renoir, Cézanne and Matisse worth millions of euros (dollars) from a museum near the city of Parma in northern Italy, police said on Monday.

The heist took place on the night of March 22-23, with thieves forcing open the entrance door, The Associated Press quoted police as saying.

The three stolen paintings are “Fish” by Auguste Renoir, “Still Life with Cherries” by Paul Cézanne, and “Odalisque on the Terrace” by Henri Matisse.

The Magnani Rocca Foundation, a private museum, lies in the heart of the countryside 20 kilometers (12 miles) from Parma.

Local media reported that the thieves were able to nab the paintings in less than three minutes and escape across the museum gardens.

Established in 1977, the foundation hosts the collection of the art historian Luigi Magnani and also includes works by Dürer, Rubens, Van Dyck, Goya and Monet.

The museum believes a structured and organized gang was responsible for the theft, which was interrupted by the alarm, local media reported.

The museum didn't post any statement about the theft on its website and wasn't reachable for a comment, as it is closed on Monday.

The crime in Parma comes after a series of high-profile heists at major European museums, including a major incident in October where thieves stole jewels and other items worth 88 million euros ($101 million) from the Louvre in Paris.

Culture

Iran Says US, Israeli Strikes Damage 120 Museums, Historic Buildings

First responders inspect a residential building hit in an earlier US-Israeli strike in Tehran, Friday, March 27, 2026. (AP)
First responders inspect a residential building hit in an earlier US-Israeli strike in Tehran, Friday, March 27, 2026. (AP)
TT
TT

Iran Says US, Israeli Strikes Damage 120 Museums, Historic Buildings

First responders inspect a residential building hit in an earlier US-Israeli strike in Tehran, Friday, March 27, 2026. (AP)
First responders inspect a residential building hit in an earlier US-Israeli strike in Tehran, Friday, March 27, 2026. (AP)

US and Israeli strikes on Iran have damaged at least 120 culturally or historically significant sites across the country since the start of the war, the head of Tehran city council's heritage committee said.

"At least 120 museums, historical buildings and cultural sites across various provinces were directly targeted and sustained serious structural damage," said Ahmad Alavi.

He was quoted by state TV as naming UNESCO-listed Golestan Palace -- sometimes likened to Versailles -- as well as Tehran's Marble Palace, Teymourtash house and Saadabad Palace.

One of the capital's most visited sites, the Saadabad Palace complex includes an extensive park and museums dedicated to Iranian history.

In addition to the cultural institutions, it also houses the residences of the Iranian president and governor of Tehran province, with judicial and Revolutionary Guards facilities located nearby.

The United States and Israel launched their campaign against Iran on February 28, killing its supreme leader and setting off a war that has since embroiled practically all of the Middle East.

Iran, whose history spans several millennia, possesses significant cultural heritage that has largely been spared from mass tourism.

According to the UN, at least four of the country's 29 UNESCO-listed sites have been damaged in the war: Golestan Palace, Chehel Sotoun Palace in Isfahan, the Masjed-e Jame mosque in the same city, and the prehistoric sites of the Khorramabad Valley.