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The Hang - Your Quarterly Art Market Briefing | Q1 2026
Editorial / Art Market

The Hang - Your Quarterly Art Market Briefing | Q1 2026

26 Mar 2026 | 5 min read

Much has happened in this first quarter of 2026.

The Hang will concentrate on the cultural and institutional milestones for the artists we follow and love. From major auction results and exhibitions for David Hockney and Tracey Emin to a confirmation of "who is Banksy"? The past 3 months have been newsworthy to say the least.

Read on to unpack the above and so much more...

The Market Watch

We break down key sales and what they signal for sentiment and strategy.

Banksy | Happy Choppers, 2006

Banksy | Happy Choppers, 2006

Spray paint and emulsion on canvas | 127 x 183 cm | Edition of 3 | Signed and numbered by the artist

Phillips London | 5 Mar 2026

'Modern & Contemporary Art Evening Sale'

Estimated: £1,000,000 - £1,500,000

Sold: £1,520,000 (inc fees)

Tracey Emin | A Certain Degree of Anger, 2016

Tracey Emin | A Certain Degree of Anger, 2016

Acrylic On Canvas | 213 x 152 cm | Signed by the artist

Christie's London | 5 Mar 2026

'Modern Visionaries - The Roger and Josette Vanthournout Collection - Evening Sale'

Estimate: £600,000 - £800,000

Sold: £1,206,500 (inc fees)

Andy Warhol | Four Mona Lisas, 1978

Andy Warhol | Four Mona Lisas, 1978

Acrylic and Silkscreen ink on Canvas | 128 x 101 cm | Signed by the artist

Christie's London, 5 Mar 2026

20th / 21st Century: London Evening Sale

Estimate: £3,500,000 - £5,500,000

Sold: £4,320,000 (inc fees)

David Hockney | The Arrival of Spring in Woldgate, East Yorkshire in 2011 (twenty Eleven) - 31 May No. 1, 2011

David Hockney | The Arrival of Spring in Woldgate, East Yorkshire in 2011 (twenty Eleven) - 31 May No. 1, 2011

iPad drawing printed in colours on woven paper | 139.7 x 105.4 cm | Edition of 25 | Signed and numbered by the artist

Sotheby's London | 5 Mar 2026

'The David Hockney Sale: The Arrival of Spring'

Estimate: £120,000 - £180,000

Sold: £448,000 (inc fees)

Banksy - Applause (unsigned), 2006

Banksy - Applause (unsigned), 2006

Screenprint on paper | 80.5 x 121 cm | Edition of 500 | Numbered by the artist

Sotheby's London | 25 Mar 2026

'Prints & Multiples'

Estimated: £8,000 - £12,000

Sold: £96,000 (inc fees)

A new record for an unsigned Applause.

Artist Updates

Highlighting who’s gaining ground institutionally and culturally.

Has Banksy's identity been revealed?

Has Banksy's identity been revealed?

For decades, Banksy's identity had been the subject of countless speculations. Now, an exhaustive Reuters investigation suggests the mystery veil has slipped.

As a gallery and big fans of Banksy's work, we believe his anonymity is the soul of his practice, and that whoever he is, the mystery is part of his magic.

Major sale of Jean-Michel Basquiat At Sotheby's announced

Major sale of Jean-Michel Basquiat At Sotheby's announced

Sotheby's announced the sale of a significant canvas from Jean-Michel Basquiat. Already exhibited in New York, it will travel to Hong Kong, Los Angeles, and London before returning to New York for a pre-sale exhibition ahead of Sotheby’s marquee evening auctions this May.

Seen as one of the most significant & complex works ever created by the Artist, it returns to auction for the first time in over a decade.

Estimated in Excess of $45 Million, could this be one of his top 5 auction results? We will find out in May...

Celebrating David Hockney's 90th Birthday at Tate Modern + Britain

Celebrating David Hockney's 90th Birthday at Tate Modern + Britain

Tate Modern has announced it will stage a multimedia installation in Tate Modern’s Turbine Hall in the summer based on his set designs for opera, while Tate Britain will open a career-spanning exhibition in autumn 2027 featuring more than 200 works (7 Oct -20 Feb 2028).

Two New Artists at Hang-Up Gallery

Alex Russell Flint

Alex Russell Flint

Alex Russell Flint is a painter who merges classical technique with a modern sensibility. His refined portraits have a sense of mystery, glamour, and restrained seduction that runs throughout his paintings, inviting the viewer into intimate, unresolved moments.

Explore more paintings
Lottie Burns

Lottie Burns

Lottie Burns' paintings are colourful and rich in texture and form. They show moments of guilty pleasure in people’s daily lives, with subtle knowing humour.

Discover more from Lottie Burns

On View: Our Picks

Pointing you to the shows that matter.

Tracey Emin: A Second Life | Tate Modern | 27 Feb – 31 Aug 2026

Tracey Emin: A Second Life | Tate Modern | 27 Feb – 31 Aug 2026

"Tracey symbolises the height of the 90s, its sex, drugs and booze, successes and excesses, but this show isn’t about that. It’s about how she has put her life out there, laid herself bare – and pushed us all to come to terms with our own emotions in the process."

Eddy Frankel - The Guardian | Wed 25 Feb 2026

Rose Wylie - The Picture Comes First | Royal Academy | 28 Feb - 19 Apr 2026

Rose Wylie - The Picture Comes First | Royal Academy | 28 Feb - 19 Apr 2026

She is the first female painter to have a show in the main galleries of the Royal Academy of Arts.

Hang-Up Curates XI | 11 Mar – 30 Apr 2026

Hang-Up Curates XI | 11 Mar – 30 Apr 2026

In our first Hang-Up Curates of the year, we present a fresh mix of works, pairing original pieces from our gallery artists with limited editions by some of the most influential names in contemporary art.

Highlights include works by blue-chip icons Banksy, Damien Hirst, Jean-Michel Basquiat and Yayoi Kusama, alongside pieces by gallery favourites.

View Exhibition
JR - Horizons | Perrotin, Los Angeles | 12 Mar - 25 Apr

JR - Horizons | Perrotin, Los Angeles | 12 Mar - 25 Apr

This is JR’s first solo exhibition at Perrotin Los Angeles. Bringing together a selection of works realised across California that underscore the artist’s enduring engagement with visibility, memory, and community.

Art Market Intelligence

Keeping you sharp on trends shaping collector behaviour and the mid-market’s evolving strength.

The Art Basel and UBS Global Art Market Report 2026

The Art Basel and UBS Global Art Market Report 2026

The latest Art Basel & UBS Art Market Report 2026 offers a reassuring message for collectors, dealers, and investors alike: the global art market is not only stabilising, but entering a renewed phase of growth and adaptation.

Deep dive into our 5 takeaways from the report

Hang-Up's Take

The first quarter of 2026 has marked a steady and encouraging start for the art world.

Following two consecutive years of contraction, the Art Basel and UBS Global Art Market Report points to a modest 4% increase in global sales, an early sign of renewed confidence.

At an institutional level, leading British female artists have taken centre stage, while the auction market has continued to demonstrate resilience. Strong results for key artists indicate that demand at the highest end remains intact, despite ongoing global uncertainty.

As we move into the second quarter, there is a growing sense of stability, setting a measured but optimistic tone for the months leading into summer.

More editorials about Banksy

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