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.
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.
The autumn edition of Asia Week New York is underway, with auction houses reporting strong interest in Asian art despite broader economic challenges. Bonhams kicked off the week with sales totaling $7.3 million, including Chinese ceramics and snuff bottles, though it offered 47% fewer lots than last year. Top results included a blue-and-white jar selling for $1.75 million and a pair of famille rose dishes for $1.5 million. Christie’s sold a Vasudeo S. Gaitonde painting for $2.35 million and a Tyeb Mehta work for nearly $2 million. New US tariffs under the Trump administration have added uncertainty, particularly for cross-border consignments and purchases.
Christie’s has announced its first-ever auction dedicated to the intersection of anime, manga, and traditional Japanese art. Titled "Anime Starts Here: Japanese Subculture Imagines Tradition," the online sale will debut during Asia Week New York in March, featuring a curated selection that ranges from 19th-century Katsushika Hokusai woodblock prints to original production drawings from iconic series like Sailor Moon and Doraemon. Key highlights include a rare 1953 drawing by the "God of Manga" Tezuka Osamu and a print of Hokusai’s legendary "The Great Wave."
Asia Week New York begins, bringing a concentrated series of exhibitions, auctions, and lectures across the city dedicated to the art and material culture of Asia and its diaspora. The ten-day event features highlights including a selling exhibition of Indian-American artist Zarina at Sotheby's, a showcase of Indian and Persian miniature paintings, a condensed survey of 250 years of Japanese woodblock prints, and a contemporary group show exploring Korean diasporic identity.
The 9th edition of Printemps Asiatique (Asian Spring) will take place from June 3 to 12, 2026, across Parisian galleries, museums, and auction houses. Modeled on New York’s Asia Week and London’s Asian Art, the festival features a shared calendar of exhibitions, tours, talks, and auctions, with nearly thirty galleries, ten museums and art venues, and thirteen auction houses participating. This year, Korea is the spotlight country, with dedicated exhibitions and artistic itineraries. Key venues include the Musée National des Arts Asiatiques - Guimet, Musée Cernuschi, Musée des Arts Décoratifs de Paris, and Musée du Louvre, alongside auction houses such as Christie's, Sotheby's, Bonhams, and others.