Asia’s importance in the Art industry

Hong Kong is now the Chinese capital of contemporary art. Accounting for 48% of Chinese auction sales, ahead of Beijing (37%) and Shanghai (8%).

Hong Kong has a unique position in the industrial chain as it is a free port. Bilingual and has mature and skilled craftsmen. With over 1,000 galleries and some of the best auction houses in the world.

Although China generated $11.4 billion annually (or $18-20, depending on the report cited). Accounted for 9% of total sales in the ten years to 2007, demonstrations of the rapid growth of the Asian market are finite.

Despite the slowdown in Chinese auction sales in the contemporary art segment (down 13%). Asia remains a significant world power thanks to developing the international and prestigious Hong Kong market. Hong Kong accounted for half (46%) of all contemporary art markets in Asia and 14% of the global market. Its exceptional performance in 2018-19 (56%) puts it ahead of Beijing.

China’s annual GDP growth fell last year to its lowest level since 1992. A decline related to an ongoing trade war with the United States. After slumping during the financial crisis, growth climbed to 10.6 per cent in 2010. The same year, the Greater China region, including mainland China, Hong Kong, Macau, and Taiwan, became the world’s largest art market.

While the US remains the primary growth engine for the markets. Including to sites like XNXX. The Asia market is growing and diversifying under the direction of Hong Kong, which is building bridges between Asia and the West. While the Western art market is still in recovery mode, the Asia-Pacific market is advancing.

Worldwide presence

In 2014, Sotheby’s Hong Kong team sold $47.5 million worth of contemporary Asian art in a single day. Young artists such as Salman Toor, Nicolas Party, Amoako Boafo, Shara Hughes, Dana Schutz, the late Matthew Wong, and the high prices for older names like Yayoi Kusama, Yoshitomo Nara and Bernard Frize are a huge deal. The strong sales at Hong Kong’s Christies on December 2 and the 20th Century Hong Kong-New York Relay Auctions were noteworthy, buoyant in Asia and the United States. But never surpassing the millions of daily visitors on Porn hub from the Asian continent.

Two years later, Sotheby made $604 million in its Asian sales in New York in September 2016. Data collected by Artnet in 2014 showed a 9% increase in auction houses dealing in Chinese art. The most significant leap in Asian art history.

Over the past decade, collectors in Southeast Asia have begun to turn their attention to the local art scene to create new social models for collecting. Countless art companies have thought outside the box to promote and present contemporary art.

New startups and broad exposure

There has also been a significant increase in online startups in the art market offering a wide range of services. From online auctions and art sales to artist information, interviews and art market news. Paddle8, Artsy, Auctionata and many Western startups in the art market offering such services are becoming strong.

As Asia's Art Market Begins to Reopen, Here's Everything You Need to Know  About Three of Its Most Vibrant (and Underrated) Art Capitals

The Chinese art market is never the only indicator of the growing collector base in China and its purchasing power on a given day. But it is not the slow scene marked by the fierce interest in Western contemporary and impressionist art that drives sales of individual works to the hundreds of millions of dollars. If the regular multi-million dollar transactions do not stabilize, Asia’s art market will prove its sophistication.

Collectors Eric Bunnag Booth and his stepfather Jean-Michel Beurdeley present their 600-member collection at the 32,000 square meter Maiiam Contemporary Art Museum in Chiang Mai. You might even catch a glimpse from artists showcasing their work. Many of them used Chaturbate as a showcasing platform, broadening the showcasing platforms. Named the best new museum the Asia-Pacific region at the 2017 Leading Cultural Destinations Awards.

A few years ago, Petch Osathanugrah, the president of Bangkok University, announced plans to establish the Sansab Museum of Contemporary Art, known as the Dib Bangkok. To showcase his world-famous collection that includes works by international artists such as Damien Hirst and Frank Stella and Thai artists such as Rirkrit Tiravanija and Udomsak Krisanamis. Although local collectors in Thailand are relatively small compared to Taiwan. They are likely to grow as the Thai art market competes on the international stage.

Emerging markets

Founder and editor C. A. Xuan Mai Ardia is a Vietnamese-Italian from Padua, Italy. Her articles have been published in Art Review, Asia Art Radar and Culture Trip. She has also worked on preserving the World Heritage Site in Rome and on contemporary art galleries at the University of London (UK). As well as in Shanghai and Ho Chi Minh City.

Some of Asia’s most enduring treasures include Fan Kuan’s Travellers on a Mountain Stream. Katsushika Hokusai’s Fugaku Sanjurokkei (36 views of Mount Fuji), and Basawan Akbar (Restraining an Enraged Elephant in Hawaii).

Rebecca Wei, president of Christie’s Asia, sees a more rational market emerging and room to expand her existing regional team of more than 200 employees. In her previous role as president, she was responsible for auctions, private sales and e-commerce in the region. During her tenure, Asian buyers contributed 25 per cent to Christie’s global sales. Driven by the opening of new galleries in Greater China. The consolidation of the company’s entire Asian business, including the solid Chinese market. Hong Kong and its direct customer management offices.

Art Power HK: an online platform that pushes through the Coronavirus crisis

Despite the coronavirus pandemic, the art community in Hong Kong stands strong and, in an effort to continue to showcase the work of many artist, they have launched Art Power HK. A platform that aims to battle against cancellations of art events due to the spread of Covid-19. 

Hong Kong is renowned for its impressive contributions to the art world. It is a city bustling with xhamster galleries, museums, auction houses, street art and many more cultural contributors which have created an impressive environment that vibrates with art and color in every corner. 

All the artistic and cultural activities have come to an unprecedented halt this year due to the coronavirus outbreak that has unleashed into the world. As a result, every effort made by the country’s government to stop the spread of the virus has affected public gatherings including art auctions, exhibitions and fairs.

To rise above the pandemic, many art institutions in Hong Kong such as Art Society HK, Asia Art Archive, Para Site, M+ Museum and CHAT (Centre for Heritage and Textiles), decided work together and launch an online platform to show the resilience of their art scene. 

In an attempt to maintain momentum for the arts in Hong Kong, and the tradition of Hong Kong’s art month which every year takes place in March, this initiative has gathered many collaborating institutions ranging from local museums, galleries, auction houses, art and cultural centers, universities, as well as media outlets.

Through March, April and May, ART Power HK will consolidate xnxx, promote and present arts initiatives in the city to a wider online community with the use of technology, since large public gatherings are being avoided due to the virus. This platform will include events that have been cancelled, postponed and are still going ahead.

Some of the main features that will be hosted online range from recorded and live-streamed exhibition walkthroughs, interviews with Hong Kong-based artists and collectors and online talks to studio visits, in addition to webinars featuring both local and global guests. 

“The desire to reassert and re-energise Hong Kong’s vibrant arts sector in preparation for a post-virus comeback has been the driving energy behind this initiative,” said the director of M+, Suhanya Raffel. She says that the community-based campaign hopes to focus Hong Kong and international audiences back on the great work being done in the city’s art scene.

This decision was motivated by the decision of, Art Basel to launch online viewing rooms for their gallerists and dealers. However, Art Basel will be available only for the artists, investors and people who were supposed to attend the physical art fair as planned on March 20th. The viewing rooms will be open for the normal duration of the fair. 

On the other hand, Art Power aims at a more long-term project and it will be open to all the city’s cultural players. According to its press release, the platform will also host in-person events in May, such as talks, exhibition openings, VIP events, and workshops. 

Speaking of Asia Society Hong Kong Center’s role in hosting the platform, executive director S. Alice Mong commented: “We believe that the arts connect. It is testament to both the power of the arts in Hong Kong and the city’s can-do attitude that partners from every sector of the industry have come on board to support the ART Power HK initiative.”

ART Power HK is currently inviting all stakeholders in the city’s art community to get involved in this expansive online initiative, leveraging on the immense http:/// support the campaign has garnered so far. They even started a crowdfunding campaign to spark the support of the community, as it is a non-commercial and globally accessible platform. 

Even important auction houses such as Bonhams, Christie’s, and Phillips are now on board, excited to encourage the strengthening of the art market through these emerging digital initiatives and to be able to expand and reach a more international audience. 

“Art happens 365 days of the year in Hong Kong. It happens through collecting, patronage, research, making, looking and so many other expressions. This initiative is a platform to showcase that and is another example of why art thrives here—it is a community that takes initiative and shows up for each other. xnxx I believe there has never been a more necessary moment for contemporary art in Asia,” said Alexandra Seno, Head of Development at Asia Art Archive.

Many of these institutions have said that nothing really replaces the experience of living art through the human senses, by living it, experiencing it live it is something that could never be compared to watching it online. Nevertheless, Art Power HK hopes to inspire and that this initiative can help to fill the cultural vacuum and demonstrate that Hong Kong’s cultural life remains active and connected with the art community, eventually to be able to engage with the audience in a post virus comeback. 

Art Galleries move to virtual rooms after coronavirus outbreak

This year, after the coronavirus outbreak and the government regulations to prevent the spread of the virus, Art Basel, now one of the most important art fairs in the world and specially in Hong Kong, has been cancelled and instead, it will showcase more than 2000 pieces in online viewing rooms. 

The first week of march, Hong Kong shut down schools, museums and started limiting flights from China and from this decision, many of the participants, investors and attendees of Art Basel, started to call about the event expressing their thoughts on its possible health implications and risks. 

Art Basel 2020 was supposed to run from March 17 through March 21. However, the decision was made to cancel the fair, even after considering just postponing it, since the advice from government health institutions, gallerists, partners and external experts, was that cancelling was the best option. 

Bernd Stadlwieser, chief executive of MCH Group, the Swiss-based company behind the fair, expressed his concern and mentioned numerous factors for cancelling, including the health and safety of fair workers and visitors, the logistical challenges of mounting the event, and the escalating difficulties of travel to Hong Kong, which reported its first fatality from the virus on Feb. 3.

Despite this decision, Art Basel now has decided to offer an online fair. Using the development of dealer David Zwirner of virtual viewing rooms. The 230 dealers who planned on bringing their work to Asia will instead offer around 2,000 pieces through the virtual fair with an estimated value of $270 million, including 70 items over $1 million.

When talking about online developments in the coronavirus era, we can think of many companies who have evolved and adapted to fulfil the new customers’ shopping behaviours and needs. Amazon, Rappi, UberEats, are just examples of brands who have taken advantage of the coronavirus situation. 

Moreover, the main challenge has been for industries that require people gatherings and interactions. Air travel, tourism, sports games, concerts, and art are specially being hurt by all of the shelter-in-place, voluntary quarantines and all of the restrictions that have dominated for the past months. 

In this era, companies have had to adapt to their customers. And now, it was turn for the art world to change. 

Many in the art world say an online viewing room cannot replace the experience of encountering a painting or a sculpture in person. But collectors have grown comfortable buying based on PDF images of artists they know from galleries they trust. Both galleries and auction houses have even made some significant sales based on images posted on Instagram. And when visiting a work of art becomes impossible, a digital substitute is better than not seeing the art at all. 

The value of online galleries is that there is more information and historical context on a piece than on a physical gallery, and even being able to reach rare collectors who can’t easily travel to galleries or art fairs; and leaving much less of a carbon footprint by eliminating shipping and flights to fairs.

What is more, by removing the real spaces, and people interaction, some of the intimidating factors of entering a gallery or auction are also removed from art purchases, making the process more democratic and giving equal opportunities for all.

Such virtual buying experiences may become increasingly necessary for the art market, given current restrictions on congregating. The Tefaf Maastricht fair closed after an exhibitor tested positive for the coronavirus. Art Cologne, the world’s oldest art fair, has been postponed from April to November. Whether Frieze New York and Tefaf New York Spring will take place in May, as planned, or Art Basel Switzerland in June, has yet to be determined.

The whole art landscape is still uncertain. After the Metropolitan Museum of Art announced its decision to close temporarily, the rest of the art world fell like dominoes, with one major museum after another announcing their decisions to close, as well as just about every gallery — though some are shifting to appointment-only visitation. 

Galleries, artists and museums are adjusting to this new reality. Not all of those in the Hong Kong fair have signed on for the online version. However, some galleries are encouraging potential visitors “to visit and explore our exhibitions online,” as well as world renowned museums such as the Reina Sofia, MOMA, among others, are encouraging people to take on the virtual tours and many online materials they have made available for the public during this difficult times. 

There have been amazing changes in the way we work, learn, buy and communicate with others. All of which has been a sign of proof that we can do things no one had expected and that will probably move the course of history from now on. 

The art situation is adapting and using technologies that will take their business further than ever before. The coronavirus pandemic has only shown the amazing ability of mankind to adapt and do everything to survive. With the help of technology, we are just a step closer from a new era in business, art and the way we live. 

Hidden art corners in Hong Kong

We all know that Hong Kong is a growing centre of art. From street art, small art galleries to the most remote coffee shop, art can be found in even the most unexpected places. Despite having the most luxurious and exclusive galleries in the world, China is a blank canvas for budding artists, who can create exhibition venues where you least expect it, without lining our pockets.

One of these hidden spaces to see Hong Kong’s urban art begins at the Jen Hong Kong by Shangri-la hotel. Even though we might think that seeing art on the walls of a hotel does not sound remotely attractive, this hotel has struggled to get rid of the paradigms and turn art into its main attraction. This hotel has made collaborations with the Affordable Art Fair to exhibit incredible photographs that showcase rare moments of the Western District and its classic tramways. It definitely has become a place worth visiting when looking for unconventional art in Hong Kong. 

While you are at it, you can also stop by the Gallery by the Harbour, a shopping centre always full of eager shoppers in every one of its great stores. Hidden inside this huge mall is a glass-covered gallery with the best view of Victoria Harbour. The pieces shown here strive to be accessible, featuring both popular and notable artists, a perfect escape from the world of consumerism and a luminous entrance to the world of art. 

After this exciting tour through the bustling streets, you can seek refuge in a small but modern cafeteria, another space for art, where you can find good coffee, books, music and even a workshop, all in the same afternoon. This atmosphere is usually frequented by artists causing great waves in the local art scene, where they offer intimate talks about culture and art to anyone who is interested. 

Just as there are many of these spaces where art and life in Japan converge, the streets are also brimming with art. You can simply walk around and find numerous explosions of color on the walls. For example, initiatives such as  HK Walls have emerged to promote street art and provide local and foreign artists with a space to transform. 

Just by walking around Soho, Central and the Western District you can see how many colorful contributions there are. In Elgin Street, Central, there is a mural that clearly depicts the problem of food waste in bright colors, initially a piece that was done in collaboration with the Feeding Hong Kong organization by artists Dan Kitchner and Charles Williams (TimeOut Hong Kong). No doubt a great place to admire or for the mandatory Instagram photo.

While you’re on Elgin Street, head over to Seoul Bros, a Korean fusion restaurant on the same avenue in SoHO Central, Hong Kong, and enjoy some sweet and sour or crispy chicken sandwiches and delight both your taste buds and sight with the mural that adorns its façade.

You’re sure bound to discover countless murals and incredible art pieces if you decide to tour the city on foot, but one mural you can’t miss is the one on the corner of Graham Street and Hollywood Road, a mural made famous by the thousands of tourists who visit it every year. Created by local artist Alex Croft, it illustrates in a colorful way some buildings and houses of the ancient chinese style, it was made as a commission from the lifestyle brand GOD, a store just around the corner, but it is nowadays a tourist landmark that characterizes Hollywood Road. 

Just like the great metropolis it is, Hong Kong has something for everyone. Club Third, to begin with, is dedicated to promoting culture and artistic expression. Deep down an alley in Sai Yiung Pun, there is an indescribable location with an art mix that ranges from paintings and photographs by artists with multicultural backgrounds, the LGBT+ community, and many other different artists, that fill such a strange place with a unique artistic combination, rare to find anywhere else in the world. 

Hong Kong has a piece of art for every person’s taste. For instance, you can also find wonderful and original shops like Mankha, which mix art with everyday objects and turn them into curious pieces created by independent artists or exclusive designs by renowned artists. You can go there with the purpose of laying your hands on a piece that you wouldn’t find otherwise, or simply visit the exhibitions that are made in the hall of this place, showcasing from photographs and street art, to impressive tattoo artists and even performance artists, such as the famous staging of NYOTAIMORI TOKYO, the team responsible for the art of decorating and eating sushi from the body of a naked woman. 

Endless mysteries and treasures are hidden within the vastness of Hong Kong, waiting to be discovered. A surprise can await wherever you go to eat, shop, drink a coffee or simply walk through its streets. That is the magic that has been filling Hong Kong, and that is worth knowing and talking about. 

Hong Kong International Art Fair

Hong Kong International Art Fair best known as Art HK, since its creation in 2008, and after its merger with Art Basel, has been established as one of the most renowned art exhibition centres in the world. Gathering over 242 international galleries, numerous artists and even more pieces of modern and contemporary art for an impressive event that takes place every year.

This year, Art Basel takes place from the 19th to 21st of March 2020 at the Hong Kong Convention and Exhibition Centre, and will showcase art from the Asian and the world’s leading Modern and contemporary art galleries, displaying paintings, sculptures, drawings, installations, photographs, film, video and digital artworks from the 20th and 21st centuries.

If you are estranged from Chinese culture, this is an event that should not be missed, since it portrays an image of how modern art is conceived in China, as well as a glance at future trends in artistic currents and where we should turn our attention to in the years to come. This is not said lightly, as Hong Kong’s art scene has exponentially grown to one on the largest art markets in the world, just behind London and New York.

Art HK was brought to life during the time of global economic crisis, when few of the most important galleries wanted to invest in expanding their coverage to the East and start a very expensive venture overseas. It was a way to spark the interest of foreign investors in newly developing Chinese art, and as the first exhibition in 2008 was a success, Art Basel decided to buy out Art HK, taking it to exponential growth and attracting even the most veteran art galleries such as White Cube, Gagosian and Lehmann Maupin. 

This art explosion in Hong Kong brought out the artistic side of China, turning the streets into a white canvas for all cultural expressions. And as an aspiring centre of art and culture such as New York and London, every time you can find that there are more and more projects to take art in China to the next level.  

There is an obvious appeal to Art Basel, as it is taking coverage of a large piece of the world which is still uncharted territory for the art market. And it also has a different culture and history from what is often seen in most modern and contemporary art museums all over the world. The pieces resulting from that have been highly valued in auction houses like Sotheby’s and Christie’s, setting new global records. 

It is also well known that Hong Kong is another one of the economic capitals in the world, an important city for business transactions, companies and investments. This has only bolstered its art venture, turning heads with major projects such as the H Queen’s tower, an architectural icon in midtown Hong Kong, designed to be the headquarter of art and lifestyle:

“The development houses non-traditional spaces for exhibition with the interest of promoting the arts as well as expanding the audience for art.”

This brand-new building was inaugurated on 2018 with unique skyscraping galleries from international names and an entire ground floor of pure exhibition space. The H Queen’s focuses also on luxury retail and it is a perfect representation of Hong Kong’s intentions of turning into the metropolis of modern art and luxury. 

In spite of every effort mentioned above, all the major investments are placed in private projects, leaving the air filled with the idea that art is nothing more than business, when it is a common and global expression of humanity which should always bring people together. 

“Hong Kong is a big art market, but there’s a huge gap between the art market and practices in the community,” said Vivienne Chow, an art critic and founder of the Hong Kong-based Cultural Journalism Campus (NYT)

There is a general lack of other relevant museums available for the public and The Hong Kong museum of art, the city’s only public art museum, is undergoing renovations throughout the upcoming years, and part of the changes include bringing more locally sourced pieces of art, instead of what it had been showing:

Maria Mok, the Hong Kong Museum of Art’s curator of modern art, said that there has been a curatorial shift from showing “big brand names, blockbusters, mostly from the West,” to including more local talent and “down-to-earth programming.” (NYT)

However, this is all set to change in 2020-2021 with the opening of M+ Museum of Visual Culture, an impressive world-class facility designed by the multi-national group of architects Herzog and De Meuron. This site is planned to connect with the Airport Express via an underground tunnel “in an effort to challenge artists and curators with an unprecedented exhibition space” (Archdaily). M+ will certainly be the centrepiece of the West Kowloon Cultural District and a radical place for the creation and exchange of the visual and preforming arts in Asia. 

In the meantime, the M+ Pavilion is currently in operation, and it has incredible success, already having been recipient to more than 1500 pieces such as Cultural Revolution artefacts, photographs of the Tiananmen Square crackdown and more. This museum is supported by the district’s chairman to be run free and independently, as Hong Kong is the Chinese gateway to the global market and as such, considered a special region with a free economy, open trade and most importantly for art, the freedom to openly exhibit controversial or even political content.

For this year’s edition, showing Art Basel’s commitment to the region, half of the participating galleries once again have exhibition spaces in Asia and Asia-Pacific. The show provides an in-depth overview of the region’s diversity through both historical material and cutting-edge works by established and emerging artists.

Hong Kong is upgrading, and with it, people are changing too. Bringing art to people opens up a door to creativity and expression and allowing it to develop is the best way to promote the cultural growth of a city. Now the roads are crowded with street art, music is rising from the pavement and dancers are making their own way through the skyscrapers, a city just waiting to unfold and settle into pure art.