Cash-Strapped Hong Kong Arts Hub Saved—Plus a Rundown of the Latest in Asia’s Art World
Hong Kong's financially struggling West Kowloon Cultural District, a major arts hub, has been rescued from its cash crisis. This development was part of a broader Asia art world update that also included leadership changes at Japan's Art Collaboration Kyoto and the announcement of a new art fair in Shenzhen.
The art market is gearing up for a high-stakes spring season with major estate collections from S.I. Newhouse and Robert Mnuchin slated for auction at Christie’s and Sotheby’s, collectively valued at over half a billion dollars. Meanwhile, London’s spring marquee sales showed strong momentum, with Christie’s and Sotheby’s reporting significant year-over-year increases in their evening sale totals, despite a more modest performance from Phillips.
The FOG Design and Art Fair celebrated its 10th anniversary with a buoyant 2024 edition at San Francisco's Fort Mason Center, opening January 18. The fair saw brisk sales, including a Jim Hodges canvas sold for $115,000 at Gladstone Gallery and multiple works by Anicka Yi, Yayoi Kusama, Wolfgang Tillmans, and Ruth Asawa at David Zwirner. Tina Kim Gallery sold works by South Korean artists Kim Tschang-Yeul and Ha Chong-Hyun, as well as two Pacita Abad pieces, with one fetching $200,000 to $250,000. The San Francisco Museum of Modern Art (SFMOMA) acquired several works for its permanent collection via the FOG Forum Fund, including pieces by Maria Pergay, Duyi Han, and Katie Stout.
Conceptual artist Anicka Yi has joined Pace Gallery, where she will be represented in partnership with Gladstone Gallery, 47 Canal, and Esther Schipper. Known for her research-heavy practice that utilizes scents, bacteria, and robotics, Yi cited Pace CEO Marc Glimcher’s background in biology and the gallery's history with light and space pioneers as primary reasons for the move. Her work will be featured in the New Museum’s upcoming expansion inaugural exhibition, "New Humans: Memories of the Future."
The FOG Design+Art fair in San Francisco opened with a glitzy preview gala at Fort Mason Center, serving as a fundraiser for SFMOMA's education initiatives. VIP tickets started at $10,000 for the first hour, and by 7 p.m., the event filled to capacity as prices dropped to $250. Dealers reported a different energy this year, partly due to the recent Los Angeles wildfires affecting many participating galleries. Sales were strong, with New York dealer Ales Ortuzar selling multiple works by Suzanne Jackson in the first few hours. Local collector Sonya Yu, a recent ARTnews Top 200 listee, highlighted the resilience and sophistication of the Bay Area art community.
New York Art Week 2026 brings a major convergence of art events across the city, including several prominent art fairs such as Frieze New York, Independent New York, TEFAF New York, and NADA New York. The week also features gallery openings spanning from Tribeca to the Upper East Side, as well as auction previews ahead of key sales at Sotheby’s, Christie’s, and Phillips.
The New Museum in New York has officially reopened following a two-year closure for a major expansion designed by OMA. The renovation doubles the institution's footprint to 60,000 square feet, introducing a central spiral staircase that seamlessly connects the original SANAA-designed building with the new structure. The reopening is marked by the massive group exhibition "New Humans: Memories of the Future," a sprawling survey featuring over 200 artists curated by artistic director Massimiliano Gioni.
The New Museum has reopened with 'New Humans: Memories of the Future,' a massive survey featuring over 150 contributors including Hito Steyerl, Precious Okoyomon, and H.R. Giger. Spanning 13 sections across the museum's new 5,500 square-meter extension, the exhibition traces the intersection of art, technology, and the human body from the early 20th century to the present. It juxtaposes interwar European works, such as Hannah Höch’s photomontages and Bauhaus ballets, with contemporary installations like Simon Denny’s sculpture of an Amazon worker's cage.
Artsy Editorial profiles 10 contemporary artists whose work aligns with the visionary, technology-driven approach of fashion designer Iris van Herpen. The article highlights van Herpen's career milestones, including her 2011 invitation to join the Chambre Syndicale de la Haute Couture, and her ongoing fusion of traditional craftsmanship with cutting-edge technology to create wearable art. It then presents a curated list of artists who similarly explore themes of organic form, digital fabrication, and the intersection of art and fashion.
Artist Tarek Atoui has been selected for the next Hyundai Commission in Tate Modern's Turbine Hall, opening October 13 and running into April 2027. The Beirut-born, Paris-based artist is known for complex installations with specially designed instruments incorporating glass, water, or ceramics, activated by touch, breath, or motors. Curators Nabila Abdel Nabi and Dina Akhmadeeva will oversee the exhibition. Atoui has previously shown at S.M.A.K., Luma Westbau, and the Museum of Contemporary Art Australia, and won the Suzanne Deal Booth/FLAG Art Foundation Prize in 2022.
The article reports on five distinct art fairs—Frieze, NADA, Independent, 1-54, and Esther III—visited during New York Art Fair Week. It highlights key artists and works, including Kelly Tapia-Chuning's deconstructed serapes at NADA, Esaí Alfredo's queer nighttime paintings, Alex Burke's textile dolls at 1-54, and Laetitia KY's photographic self-sculpture. The fairs collectively emphasized themes of environmentalism, globalism, decolonization, and a growing textiles sector, with curation varying widely from commercial to conceptually driven.
Art Basel Hong Kong 2026 opened with a renewed sense of optimism, featuring 240 galleries and a significant emphasis on the Asia-Pacific region. The VIP preview saw a surge in attendance primarily from regional collectors across mainland China, Taiwan, Korea, and Southeast Asia, signaling a robust recovery for the local market. While international travel remains a factor, the fair's success is increasingly driven by a localized ecosystem of younger collectors and long-term public investments in cultural infrastructure like the M+ museum.
Artsy spoke with 12 leading collectors about the artists, exhibitions, and trends they are most excited to follow in 2026. Highlights include the re-centering of women artists, the rise of South Asian and LGBTQ+ artists, and the impact of AI on gallery operations. Collectors point to major institutional milestones such as LACMA's new campus, the Guggenheim Abu Dhabi, the Venice Biennale, and Art Basel's expansion into Qatar, as well as specific shows like Claire Tabouret's stained-glass commission for Notre-Dame and the Frida Kahlo exhibition at the Museum of Fine Arts, Houston.
Singapore Art Week 2026 transforms the Lion City into a stage for contemporary creativity, featuring a packed programme of exhibitions, auctions, and symposia from January through March. Key events include Sotheby’s Modern and Contemporary Art auction (21–24 January) spotlighting works by Walter Spies, Raden Saleh, David Hockney, and Takashi Murakami; the Tanoto Art Foundation’s first exhibition 'Rituals of Perception' at New Bahru School Hall (21 January–1 March); the inaugural Print Show & Symposium at STPI (22–31 January) with artists like Yayoi Kusama and Jeff Koons; and Loy Contemporary Art Gallery’s 'Mosaic SG' showcasing contemporary Italian artists under the patronage of the Embassy of Italy in Singapore.
The article highlights ten exhibitions to see in May 2025, including the Venice Architecture Biennale curated by Carlo Ratti, which explores intelligence in natural, artificial, and collective forms, alongside a parallel show by AMO/OMA at Fondazione Prada. It also covers Gallery Weekend Berlin, featuring Sky Hopinka's new film and photographs at Tanya Leighton, an exhibition by exiled Russian journalists Meduza at Kunstraum Kreuzberg, and a study group on Palestinian agrarian initiatives at Spore Initiative.
The Whitney Museum of American Art hosted its annual gala, honoring artist Julie Mehretu, board chair Fern Kaye Tessler, and former director Adam D. Weinberg. Mehretu, who donated $2.25 million in 2024 to fund the museum's 'Free Under 25' initiative, delivered a speech emphasizing that free admission for young people is a statement of values, not a privilege. The gala raised $6.3 million, with attendees including artists Rashid Johnson, Glenn Ligon, Anicka Yi, and Fred Wilson, as well as collector Beth Rudin DeWoody.
The New Museum in New York will reopen on March 21, 2026, after a two-year closure for a major expansion. Designed by OMA / Shohei Shigematsu and Rem Koolhaas, the project adds 60,000 square feet to the existing SANAA-designed building, bringing the total footprint to nearly 120,000 square feet. New features include expanded exhibition space, a 74-seat Forum, an enlarged Sky Room, artist commissions by Tschabalala Self, Klára Hosnedlová, and Sarah Lucas, a larger bookstore, and a restaurant by Henry Rich with executive chef Julia Sherman. The reopening weekend will offer free admission funded by trustee Charlotte Feng Ford, and the museum will debut the exhibition “New Humans: Memories of the Future,” featuring over 200 artists including Francis Bacon, Salvador Dalí, and contemporary figures like Meriem Bennani and Hito Steyerl.
The childhood home of legendary singer and activist Nina Simone in Tryon, North Carolina, has been fully restored after nine years of effort by an artist coalition led by Adam Pendleton, alongside Julie Mehretu, Rashid Johnson, and Ellen Gallagher. The restoration, completed with a $6 million boost from a charity auction and gala co-hosted by tennis star Venus Williams and Pace Gallery, preserved the 650-square-foot clapboard house to its 1933–1937 condition, including historically accurate materials, an ADA ramp, geothermal climate control, and a century-old magnolia tree named “Sweetie Mae.” The African American Cultural Heritage Action Fund announced the completion, and the property remains closed to the public while community programming and ethical cultural tourism are being planned.
Anicka Yi, an artist known for exploring the intersection of biology and technology, has created a new installation at Storm King Art Center. The work features muck-filled columns that examine pond scum and other microscopic life-forms, using them as a lens to question humanity's role in the natural world. The installation is described as a kind of laboratory where Yi investigates the agency and intelligence of non-human organisms.
The Metropolitan Museum of Art has appointed Oluremi C. Onabanjo as its new curator of photographs, bringing her expertise in African and Black diasporic histories from MoMA. This announcement leads a series of industry shifts, including Melissa Chiu’s move from the Hirshhorn to direct the Guggenheim, and the relocation of the influential gallery 47 Canal to Chelsea. Additionally, the New York Foundation for the Arts distributed nearly $500,000 in grants to 129 artists and organizations in Queens.
Domenick Ammirati returns to New York after a year-long writing residency in Siena and Provincetown to cover the spring art fairs, including Frieze New York 2026. He observes a notably calm art week, attributing the subdued atmosphere to the fair's proximity to the Venice Biennale, which left key players exhausted. Highlights include a Rei Kawakubo installation at Independent, Gucci's Cruise show in Times Square, and MoMA PS1's 50th anniversary gala, where he mingles with curator Jody Graf and spots Klaus Biesenbach.
Collector Amitha Raman shares her journey into art collecting, which began with late-night classes at MoMA under art historian Agnes Berecz, where she explored empty galleries after hours. Her first acquisition was Mary Beth Edelson's "Hounds of Hell" (1973), and she now serves as co-chair of MoMA's Young Patrons Council and a member of its Black Arts Council. Raman's collection includes works by Rashid Johnson, Wolfgang Tillmans, Tracey Emin, Jenny Holzer, and Jeffrey Gibson, and she actively loans pieces to major museums worldwide.
Sotheby's will auction 12 works from the personal collection of the late art dealer Barbara Gladstone this May, with a combined estimate exceeding $12 million. Highlights include Richard Prince's *Man Crazy Nurse* (2002–03) estimated at $4–6 million and a black *Flowers* painting by Andy Warhol estimated at $1–1.5 million. The stand-alone sale precedes the May 15 evening contemporary auction and marks the first public offering from Gladstone's estate.
Frieze New York 2026 concluded with significant sales activity, as galleries reported strong demand for blue-chip contemporary works. The fair featured a mix of established and emerging artists, with notable transactions including major paintings by living artists and secondary market pieces. Dealers noted a cautious but steady market, with collectors focusing on high-quality, investment-grade works.
London gallery Pilar Corrias has announced the representation of French painter Alexis Ralaivao in partnership with New York-based Olney Gleason. The announcement coincides with Ralaivao’s debut UK solo exhibition, "Flirter avec l’abstrait," which is currently on view at the gallery’s Conduit Street location in Mayfair. Ralaivao is recognized for his intimate, diaristic oil paintings that blend 17th-century Dutch technical precision with contemporary emotional depth.
Pace Gallery has announced the representation of Korean-born, New York-based conceptual artist Anicka Yi, who joins the gallery's roster while maintaining her existing relationships with Gladstone Gallery, 47 Canal, and Esther Schipper. Yi will debut a new painting at Pace’s Art Basel Hong Kong booth this month, followed by a solo exhibition in New York in 2027 and upcoming projects at the New Museum and Storm King Art Center.
FOG Design + Art opened its 2026 edition on January 21 with a gala benefit for SFMOMA's education initiatives, drawing strong attendance and sales. The fair, which blends contemporary art and collectible design, featured 85 works acquired by SFMOMA, including pieces by Ruth Asawa, Michael Armitage, Firelei Báez, Dorothea Lange, Gabriel Orozco, and Indigenous artists such as Jaune Quick-to-See Smith and Kay WalkingStick. Galleries like Wendi Norris presented ambitious, institution-worthy works, with a focus on visionary artists and the intersection of art, science, and spirituality.
The article previews major New York City museum exhibitions opening in 2026, including a Carol Bove survey at the Solomon R. Guggenheim Museum (March 5–August 2), the first U.S. Marcel Duchamp retrospective since 1973 at the Museum of Modern Art, the New Museum's inaugural show in its OMA-designed expansion titled "New Humans: Memories of the Future," and a Goya exhibition at the Hispanic Society Museum & Library tied to the 250th anniversary of the United States. Each show highlights significant artistic milestones, from Bove's scrap-metal sculptures to Duchamp's readymades and Goya's war commentaries.
Art Collaboration Kyoto (ACK) opened its fifth edition at the Kyoto International Conference Center, running until 16 November. The fair, launched in 2021 to connect Japanese and international galleries, has grown to a record 72 exhibitors, half from overseas. Special exhibitions are staged at historic temples across Kyoto, including shows by Isabella Ducrot at Kousei-in, Carrie Yamaoka at Manshu-in, and Shio Kusaka with Jonas Wood at Ryosoku-in. Sales were strong on opening day, with galleries like KAYOKOYUKI, Kurimanzutto, Mendes Wood DM, and TARO NASU reporting brisk transactions.
The fourth edition of Frieze Seoul (3-6 September) took place alongside the Korea International Art Fair (Kiaf) at the Coex convention centre in Gangnam, amid economic concerns and a slower art market. Despite a modest 0.8% expected growth in South Korea's economy and fewer Western exhibitors, the fair saw strong institutional attendance, including curators from M+, the Museum of Modern Art, and the San Francisco Asian Art Museum, as well as celebrity visitors like BTS members and Blackpink's Lisa. Galleries reported cautious but steady sales, with a notable presence of Asian collectors, particularly from Japan, and a Stand Prize awarded to Kohesi Initiatives for a politically charged booth by Timoteus Anggawan Kusno.