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asia rising morgan stanley artnet 2030273

Artnet News and Morgan Stanley have collaborated on a report analyzing the art market's recovery after COVID-19, with a focus on Asia's emergence as a powerful engine. Using data from the Artnet Price Database and Artnet Analytics, the report shows that China (including Hong Kong) has become a dominant force, overtaking the U.S. and U.K. in fine-art auction sales. By 2020, China reclaimed the top-selling global fine-art auction market position, and as of mid-2021, it remains neck and neck with the U.S. The report also examines the role of Hong Kong, which has consistently contributed over 40% of China's fine-art sales, driven by its unique economic policies and integration into the global art market.

shanghai art week 2025 diary 2716632

Shanghai Art Week 2025 featured two major art fairs, West Bund Art and Design and Art021 Shanghai, alongside numerous satellite exhibitions and events across the city. The author navigated the sprawling metropolis by public bike, visiting highlights including “Artist’s Treat,” a cluster of 11 exhibitions organized by artist Xu Zhen in a repurposed French school, and Blunt Society, an artist-run space showing works by Ma Lingli and Alex Müller. The week was marked by a cautiously optimistic market mood, with dealers reporting better-than-expected sales and new initiatives like Art021’s SVIP preview for serious collectors.

a tale of four cities 2534038

Artnet News and Morgan Stanley have released a report analyzing the global art auction market across four major cities—London, Paris, Hong Kong, and New York—over the period from 2013 to 2023. Total auction sales for the first half of 2024 fell to $5.05 billion, down from $7.17 billion in the same period of 2023. The report highlights a dramatic 49 percent decline in London's auction sales following the 2016 Brexit vote, while New York has maintained its dominant position, driven by blockbuster collections like those of Peggy and David Rockefeller and Paul G. Allen. Hong Kong saw growth until the Chinese property crisis in 2022, and Paris has gained ground post-Brexit, with sales up 30 percent over 2013.

philip tinari ucca tai kwun asian art industry news 2737679

This edition of State of Play, part of Artnet Pro's The Asia Pivot newsletter, reports on multiple developments across Asia's art scene. Highlights include the launch of Art Fairs Pavilion Taipei, a new alternative art fair co-founded by Hong Kong dealers Willem Molesworth and Ysabelle Cheung, with 13 galleries for its inaugural edition. Galleries Antenna Space and Kwai Fung Hin Art Gallery are expanding into Hong Kong and Singapore respectively, while veteran Beijing gallery Long March Space has closed its physical venue. The Taipei Fine Arts Museum announced Taiwan's collateral exhibition at the Venice Biennale, and the Hong Kong Museum of Art named artists for its collateral show. The Asia Society Museum in New York will open a 70th-anniversary exhibition, and the H+ Museum in Suzhou, designed by Tadao Ando, officially opened with two inaugural shows.

5 artists gallery weekend beijing 2025 2650974

Gallery Weekend Beijing (GWBJ) returned for its ninth edition from May 22 to June 1, 2025, adopting a new invitation-only model that emphasizes curatorial integrity. The event expanded beyond the 798 Art District into neighboring areas including 751 district, Caochangdi, and the Beijing Free Trade Zone Art District. A committee of five gallerists selected participants, aligning with an inaugural 'Beijing Art Season' that also includes Beijing Dangdai and Art021 Beijing. The article spotlights five emerging local artists: Cheng Xinyi, Liao Wen, Guo Cheng, and others, highlighting their exhibitions and market traction.

state of play april 23 guy ullens death 2635815

Belgian billionaire Guy Ullens, a key figure in promoting Chinese contemporary art, died at age 90. His death was announced by the Ullens Center for Contemporary Art (UCCA) in Beijing, which he founded in 2007 as one of China's first privately run contemporary art centers. The article also covers Art Basel Hong Kong, Art Dubai's digital art sales, Gallery Weekend Beijing's new invitation-only system, Bluerider Art's expansion to Los Angeles, the appointment of Ho Tzu Nyen as artistic director of the 16th Gwangju Biennale, the Turner Prize 2025 shortlist, the opening of New Taipei City Art Museum, and Saudi Arabia's new typefaces.

frieze seoul asian galleries asia pivot 2652323

Frieze Seoul returns for its fourth edition at Coex from September 3 to 6 with 120 galleries, maintaining last year's scale. Asian galleries now represent 64 percent of exhibitors, up from 48 percent, signaling a stronger regional identity. Notable non-returning galleries include Blum, Karma, and Neugerriemschneider. Meanwhile, Kiaf Seoul will run concurrently with 176 exhibitors, and Art021 Group suspended its 2025 Hong Kong show after a single edition. Gallery Weekend Beijing concluded its ninth edition with a new invitation-only model, and several Asian-rooted artists are featured in London Gallery Weekend. New institutions opened, including the Photography Seoul Museum of Art and the Naoshima New Museum of Art, while the inaugural Bukhara Biennial program was announced.

shanghai art021 west bund art recap 1234762135

Shanghai's West Bund Art & Design fair and Art021 opened last week with unexpectedly strong sales, despite economic headwinds and regional competition. Many galleries reported brisk first-day sales, with Thaddaeus Ropac placing five works including a Martha Jungwirth painting for €500,000, and Hauser & Worth selling two works for over $1 million. However, major blue-chip galleries like Gagosian and Pace opted out entirely, while others like Almine Rech, White Cube, and David Zwirner scaled back their participation. The fairs took place against a backdrop of China's ongoing property slump and the overlapping Art Collaboration Kyoto, which siphoned attention from international collectors.

jr china 2715711

French artist JR is presenting two solo exhibitions in China: “La Vie en Mouvement” at Perrotin Shanghai and “Kaleidoscope” at Galleria Continua in Beijing. The shows feature works from the past two decades, including photographs of ballerinas in unexpected urban settings and an installation that appears to crack open the gallery wall to reveal a Summer Palace pavilion. In an interview, JR discussed how architecture shapes his images, his resistance to being labeled an activist, and his reflections on past projects in Shanghai’s now-vanished shantytowns.

The 10 Exhibitions to See in May 2025

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.

hong kong fire arts groups asian art news 2721884

A devastating fire in Hong Kong's Tai Po neighborhood, which killed at least 151 people, has prompted a period of mourning and led several major cultural institutions to cancel or postpone public events. The Hong Kong Arts Festival and the Hong Kong Jockey Club Charities Trust cancelled a press conference for the "No Limits" program, while M+ rescheduled its "Night: Festive Play" event. Meanwhile, art fairs and galleries continue to announce developments: Kiaf Seoul will run concurrently with Frieze Seoul in 2026, Contemporary Istanbul will introduce a new Focus Asia section, and Art Basel Hong Kong 2026 will feature new sectors Echoes and Zero 10. In the market, On Kawara's "NOV. 27, 1984" sold for HK$8.5 million at Bonhams Hong Kong, and standout results were seen at Sotheby's Hong Kong.

shanghai art week 2025 2713268

Shanghai Art Week 2025 is underway, anchored by two major concurrent art fairs: Art021 Shanghai and West Bund Art and Design, running from November 13 to 16. West Bund has relocated to a new venue, the West Bund Convention Center designed by Skidmore, Owings, and Merrill, featuring over 200 participants including 106 galleries in its main sector. Art021 returns to the Shanghai Exhibition Center with 139 galleries from 22 countries, including 33 first-time participants. The Shanghai Biennale opened early at the Power Station of Art, curated by Kitty Scott under the title "Does the Flower Hear the Bee?" featuring 67 artists and collectives. Meanwhile, alternative events like "Artist's Treat," launched by Xu Zhen in collaboration with Hol Platform and ShanghArt Gallery, are drawing attention in repurposed local spaces.

beijing china gallery weekend art season recap 1234744646

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.

Amid tariff and economic struggles, the newly rebranded Beijing Art Season persevered

Beijing's art week, rebranded as the Beijing Art Season, ran from 22 May to 1 June, featuring three concurrent events: Art021 Beijing (formerly JingArt) at a new venue in the 798 Art District, Gallery Weekend Beijing (GWBJ), and the fair Beijing Dangdai. The 798 gallery complex merged with the adjacent 751 complex, becoming the 798 751 Art District. GWBJ scaled back this year, suspending its curated selling exhibition and international visiting sector, instead hosting only one pop-up gallery. Organizers cited economic struggles and tariffs as challenges, with gallerists reporting slower sales and cancelled US orders due to new tariffs.

Yanran Chen Set to Launch First Solo Exhibition In China At ART FOCUS Beijing

Yanran Chen, a Chinese multidisciplinary artist also known as Chloe Chen, will launch her first large-scale solo exhibition in China at the new ART FOCUS space in Beijing's 798 Art District. The exhibition, titled "Neon Dreamland," runs from 23 May to 6 July 2025 and is curated by actor and "Art Knock" founder Yuan Hong. The show is divided into two thematic zones: one featuring her personal paintings and sculptures, including works like "The Mechanical Lifeform" and "Dinner," and another presenting a collaborative series with anime label WaarWorld inspired by Liu Cixin's novel "The Supernova Era." The exhibition coincides with the launch of ART FOCUS, an immersive art space focused on digital integration and cross-genre collaboration, and is part of the broader Beijing Art Season.