Among the standout examples, Almine Rech was offering a $2.5 million painting from 1964, while Acquavella took a more tongue-in-cheek route, presenting an irreverent Picasso parody by Tom Sachs.

Last month was an artistic one for Hong Kong, with the 2025 edition of Art Basel descending upon the city. From pieces fetching over USD 1 million to a strong interest in young artists to acquisitions ...