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as costs rise dealers in asia take a pragmatic approach to fair participation

The article reports that two major Asian art fairs, Taipei Dangdai Art and Ideas and Art Busan, are currently running through May 11, but both have seen significant drops in exhibitor numbers. Taipei Dangdai is down 32% to 53 galleries, while Art Busan is off 16% to 109 galleries. Dealers cite rising costs, geopolitical uncertainties, and fair fatigue as reasons for a more selective, pragmatic approach to participation, focusing on regional fairs and transactional value over visibility.

beijing china gallery weekend art season recap

Beijing concluded its inaugural "Beijing Art Season" from May 22 to June 1, comprising the long-running Gallery Weekend Beijing and two local art fairs, Beijing Dangdai and Art021 Beijing. The event took place shortly after a diplomatic breakthrough in U.S.–China tariff tensions, but amid China's economic slowdown, the atmosphere was subdued: the Visiting Sector for international galleries and the large-scale group show were scrapped, and satellite events were fewer. Despite this, collectors, curators, and institutional directors from Germany, the UK, Korea, and Japan attended, with some noting China's strategic importance due to its deep collector base. French billionaire Laurent Dassault reported better market sentiment in Beijing than in Europe, while Berlin galleries PSM and Galerie Thomas Schulte made their first appearances at Beijing Dangdai, collaborating with Hua International for a "Berlin Section." The fair grew from 32 galleries in 2018 to 87 this year, reflecting local collectors' appetite for international and experimental contemporary art.