More than 86,000 visitors poured through the halls of the fair, reflecting a return to pre-pandemic numbers.
An artwork titled"The Outlaws Flag", created by Thai artist Jakkai Siributr, is seen at the recent Art Basel Hong Kong. Photo: AP
More than 86,000 visitors poured through the halls of the fair, reflecting a return to pre-pandemic numbers, with reported sales of more than US$98mil , double those of 2019, according to organisers. "Asia has been the fastest developing art market in the world," said Angelle Siyang-Le, director of Art Basel Hong Kong.Hong Kong once held a reputation as a bastion of free speech within authoritarian China, but the national security law imposed in 2020 after widespread and sometimes violent pro-democracy protests has criminalised dissent, including in art.
Last week, a digital artwork that contained the names of jailed Hong Kong democracy protesters on a billboard in the heart of the city was taken down."So far we feel like there's been no impact, we are confident that we will be operating the same way as before," Siyang-Le said."It's an opportunity to get more ," said M Pravat, a New Delhi-based artist who was exhibiting at Art Basel.
"Hong Kong retains the advantage of a well-structured market, with the presence of the major international players... which translates into a considerable lead in terms of sales revenue," he said. Sotheby's was projected to generate 12 percent of its global art auction turnover in Hong Kong in 2022, compared with 13 percent for Phillips and eight percent for Christie's.
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