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art busan 2025 2653879

Art Busan wrapped its 14th edition on a high note, with over 100 galleries participating and a special exhibition titled “CONNECT” curated by Wonseok Koh under the theme Territories and Boundaries. The fair, part of Busan Art Week, saw strong engagement from international galleries such as Société (Berlin) and Canada (New York), with directors noting maturing visitors and serious local collectors. A new partnership with Tokyo Gendai will bring 10 Korean galleries to Japan this September, and the fair debuted a Future Art Award for emerging galleries.

as costs rise dealers in asia take a pragmatic approach to fair participation 2641645

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.

Art Busan Is Building a More Sustainable Art Market

Art Busan, celebrating its 15th anniversary, will be held from May 21 to 24, 2026, at BEXCO in Busan, South Korea, bringing together over 110 galleries from 18 countries. The fair introduces two new integrated segments: DEFINE, which expands the fair to include collectible design, furniture, and craft, and LIGHTHAUS, which transforms gallery booths into curated spatial experiences to encourage deeper engagement. These initiatives aim to move beyond purely transactional sales and speculative momentum.