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The Hang - Your Quarterly Art Market Briefing | Q2 2026
Editorial / Art Market

The Hang - Your Quarterly Art Market Briefing | Q2 2026

3 Jul 2026 | 5 min read

As 2026 rolls on into the summer months, there have been some remarkable moments.

From the loss of a British icon to a very successful stream of auction results, read on to unpack the key points and so much more...

The Market Watch

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

Banksy - Love is in the Air (Life Size)

Banksy - Love is in the Air (Life Size)

Spray Paint and Oil on canvas - 210 x 210cm | Signed by the artist

Sotheby's London | 24 June 2026

Modern & Contemporary Evening Auction

Estimate: £3,500,000 - £5,500,000

Sold: £6,434,000

David Hockney | La Dorette Winding Its Way (2021)

David Hockney | La Dorette Winding Its Way (2021)

iPad painting printed in colour on one sheet of paper, mounted on Dibond | Edition of 25 | 99.7cm x 281.94cm

Sotheby's | New York | The Now & Contemporary Evening Auction | 14 May 2026

Estimated: $500,000 - $700,000

Sold: $1,984,000

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

Bridget Riley - Rose Rose (original)

Bridget Riley - Rose Rose (original)

Oil on Canvas | 36 x 21 cm | Signed by the artist

Van Ham Fine Art Auctions | 10 June 2026

Evening Sale | Modern | Post War | Contemporary

Estimate: €40,000 - €60,000

Sold: €151,800

Artist Updates

Highlighting who’s gaining ground institutionally and culturally.

Losing a British Icon | David Hockney

Losing a British Icon | David Hockney

On 11 June 2026, David Hockney passed away at the age of 88. Hailed as one of the most innovative and influential artists of all time, he will be remembered as a pioneer in his field.

In 2027, to coincide with, what would have been, David Hockney’s 90th birthday, Tate Modern will host a multimedia installation in the Turbine Hall in the summer and Tate Britain will open a career-spanning exhibition in the autumn.

Alex Russell Flint | New Collection Coming Soon

Alex Russell Flint | New Collection Coming Soon

Sold exclusively with Hang-Up Gallery, we are excited to introduce Alex Russell Flint's latest collection. But not quite yet... If you would like early access, ensure you are signed up to his mailing list, as we will be in touch ahead of the general release.

As we wait with bated breath, read his full interview below to get to know the artist better.

Read full interview
Jean-Michel Basquiat At Sotheby's Results

Jean-Michel Basquiat At Sotheby's Results

Leading the sale was Jean-Michel Basquiat’s seven-foot-tall 1983 painting Museum Security (Broadway Meltdown), tagged at in excess of $45 million. It last came to market in 2013, at Christie’s London, where an unnamed buyer snagged it for $14.6 million. ARTnews previously reported that French art dealer John Sayegh-Belchatowski was the buyer; Sotheby’s describes it only as coming from “a distinguished collection.” After very thin bidding in the room, it hammered at $45.3 million, selling for $52.7 million with the house’s fees. That makes it the fifth-most expensive Basquiat ever to sell at public auction.

On View: Our Picks

Pointing you to the shows that matter.

Royal Academy Summer Exhibition | 16th June - 23rd August

Royal Academy Summer Exhibition | 16th June - 23rd August

The Summer Exhibition at the RA is a highlight in the calendar. Thousands of artist's submit their artwork, from amateurs to professionals, and are selected by a panel to be shown.

Since its inception in 1769, it's the world's longest-running annual open-submission art exhibition and has been held every single year without interruption.

Hang-Up Curates XII | 11th March - 10th July

Hang-Up Curates XII | 11th March - 10th July

The doors are open for the latest edition of Hang-Up Curates, a focused presentation of limited edition prints and original works by artists continuing to shape the contemporary market.

Bringing together established names and current standouts, the exhibition includes works by Tracey Emin, Banksy, Kostas Papakostas and Andy Warhol.

View Show
Banksy - Blinded By The Flag

Banksy - Blinded By The Flag

A new sculpture spotted on the streets of London has now been confirmed to be the work of Banksy via his Instagram page. The piece, depicting a suited figure mid-march and holding a flag aloft, appeared overnight in central London's Waterloo Place.

Read Our Full Editorial
Frida: The Making of an Icon | Tate Modern | 25th June 2026 – 3rd January 2027

Frida: The Making of an Icon | Tate Modern | 25th June 2026 – 3rd January 2027

Frida Kahlo is an internationally renowned artist who has become a phenomenon. Frida: The Making of an Icon showcasesover 30 of her most iconic works that introduce her 'many-selves' as well as treasured jewellery, memorabilia, and garments. She was a fearless, revolutionary artist who inspired artists, communities and generations for years to come. This exhibition celebrates her life, work and transformation into a global brand.

Art Market Intelligence

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

Auctions reporting record sales but what does it mean?

Auctions reporting record sales but what does it mean?

It goes without saying that there have been some epic results this quarter, along with a few white-glove sales that hit the headlines.

Single-owner collections have proved to be a highlight during this season. One standout sale has set a new UK record as the most expensive sold in the UK.

The London Sotheby's auction of the Joe Lewis Collection broke the record, bringing in £249.3m, making it the most valuable single-owner collection ever sold in the UK. This surpasses the previous record of £101m, which was set only last year, by nearly tripling the total.

Hang-Up's Take

Following up on the first quarter's sense of stability and growth, we believe we are seeing this mature into something more tangible.

Sales of major collections have achieved records, as well as records for individual artists; however, this is a handful at the top. Reports and headlines are booming, but confidence among critics is still waning.

We have seen two major galleries close, Stephen Friedman Gallery and Tiwani Contemporary, which compounds this feeling that the mid-market is shaky.

However, according to the Affordable Art Fair X ArtTactic report, there is confidence building in the sub-$50,000 tier as a new generation of buyers and collectors is coming through.

At Hang-Up, this quarter, we have seen increased purchases from both the primary market and placement of editions from blue-chip artists that are under the $50,000 mark, solidifying the report from AAF X ArtTactic and our confidence in the market as a whole.

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