We examine three trend lines from the recent slate of Hong Kong sales to determine where the market is headed. Like a massive Companion balloon in Macy’s Thanksgiving Day Parade, the mind-boggling $14.8 million paid for a KAWSpainting in Hong Kong earlier this month upstaged every other result from Sotheby’s recent series of sales in the city. But […]
Asian, postwar, and fine art are by far the most bankable categories in Hong Kong. In recent years, Hong Kong has transformed in the eyes of the Western art industry. Formerly a destination that warranted attention primarily during Art Basel Hong Kong and a few scattered auctions, the region now hosts permanent spaces from many of […]
With unstable markets and cautious collectors, art dealers everywhere are adopting leaner strategies that make the most of their gallery’s resources. Driving 40% of annual gallery revenue, according to TEFAF’s 2015 Art Market Report, art fairs remain a crucial part of the bottom line, providing global reach without the need for multiple locations. The opacity of […]
Moving the opening of the Venice Biennale to May has set the cat among the pigeons. When it was announced that the Venice Biennale was shifting the date for the opening of its 2015 edition to 9 May (with previews from 6 to 8 May), it sent the whole art market into a frenzy. The […]