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.
A flurry of art fair activity across Asia marked the early weeks of 2026. Art Basel's inaugural Qatar edition broke format with single-artist presentations, focusing on MENASA artists and discreet institutional buying. The India Art Fair in New Delhi reported strong sales for local and international galleries, while new fairs launched in Jakarta, Manila, and Hong Kong. Tokyo Gendai announced its return, and Art Basel's digital platform Zero 10 expanded to Hong Kong.
Frieze New York 2025 is set to take place at the Shed in Manhattan, bringing together over 65 contemporary art galleries from more than 25 countries. The fair coincides with major institutional shows at the Guggenheim, Whitney Museum, and the Metropolitan Museum of Art, as well as the recent reopening of the Frick Collection after a $220 million renovation. Notable galleries include Gagosian, Hauser & Wirth, Pace, and David Zwirner, alongside international dealers like Goodman Gallery and Kurimanzutto. The Focus section, curated by Lumi Tan, features 12 young galleries. On the eve of the fair, Frieze itself was sold by Endeavor to former CEO Ari Emanuel for a reported $200 million.
This week's art industry roundup covers major developments including the sale of Frieze to Hollywood powerbroker Ari Emanuel for $200 million, the opening of Frieze New York amid a cautious market, and the appointment of Alexander Rotter as global president of Christie's. Other highlights include the collapse of a record $32 million Gustav Klimt sale due to restitution issues, Phillips adding country-of-origin details to lot descriptions due to tariff confusion, and gallery moves such as Petzel now representing Tschabalala Self and Hauser & Wirth selling its Upper East Side townhouse for $10.5 million. The Mellon Foundation announced $15 million in emergency funds for state arts councils to offset cuts by the National Endowment for the Humanities.
Artist Trevor Paglen will curate the third edition of "Zero 10," Art Basel's digital art sector, at the fair's Swiss edition from June 17–21. Major galleries including Marian Goodman, Hauser and Wirth, and Almine Rech will present works by artists such as John Gerrard, Agnieszka Kurant, Avery Singer, and Hito Steyerl. Paglen co-curates with digital art strategist Eli Scheinman, and the presentation, titled "The Condition," surveys seven decades of instruction-based and computational art, featuring pioneers like Vera Molnár, Mary Ellen Bute, Ted Nemeth, and Ben F. Laposky alongside contemporary stars.
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."
Pace Gallery and Judin Gallery have opened a shared exhibition space in a converted 1950s gas station in Berlin's Schöneberg neighborhood, just ahead of Gallery Weekend Berlin. The venue, known as Die Tankstelle, was previously a museum dedicated to German artist George Grosz. Pace rents half the space from Judin founder Juerg Judin, with both galleries sharing operational costs. For the inaugural shows, Judin is exhibiting works on paper by Tom of Finland downstairs, while Pace shows works by Jean Dubuffet, Jean-Michel Basquiat, and Robert Nava upstairs. The galleries will alternate exhibitions, each mounting about three per year.
James Cohan Gallery, a mid-sized New York gallery, is representing four artists in the 61st Venice Biennale's central exhibition, "In Minor Keys," curated by the late Koyo Kouoh. The artists are Ranti Bam, Tuan Andrew Nguyen, Kennedy Yanko, and Yinka Shonibare (whose Guest Artists Space Foundation is also participating). This marks a breakthrough for the gallery, which has more artists in the central exhibition than any of the four mega-galleries—Gagosian, Pace, David Zwirner, and Hauser & Wirth—none of which have as many. The gallery is investing heavily in production, logistics, travel, and events, including a luncheon at the St. Regis Hotel co-hosted with Salon 94 and Esther Schipper, and a dinner thrown by collector Pamela Joyner for Yanko.
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.
This article from ARTnews reports on recent industry moves in the art world, including gallery roster additions and appointments. Jack Shainman Gallery added Brooklyn-based interdisciplinary artist Donyel Ivy-Royal, Esther Schipper now represents Tuan Andrew Nguyen in collaboration with James Cohan, Emalin took on Ghanaian artist Jonathan Okoronkwo, and Victoria Miro and Olney Gleason will jointly represent Emil Sands. Additionally, the Bass Museum of Art appointed Jasa McKenzie as associate curator. The piece also highlights a record-breaking $84.1 million sale of William I. Koch's Western art collection at Christie's, which set five new artist records, including Frederic Remington's reset twice.
The Asian art landscape is undergoing significant shifts, headlined by the launch of Hive Art Fair in Seoul, which introduces a fee-free booth model focused on B2B corporate collaborations. Major institutional moves include the appointment of Melissa Chiu as the new director of the Guggenheim Museum and the opening of the Black Gold Museum in Riyadh. Meanwhile, the Hong Kong Museum of History has reopened with a controversial thematic revamp that emphasizes Chinese heritage over colonial history.
"Eine Startrampe für die Zukunft"
The article is a media roundup covering several stories from the art world. It includes an interview with Jeff Koons discussing his artistic process and philosophy, a portrait of artist Jorinde Voigt, a report on the robust Art Düsseldorf fair, a news piece about two valuable Gerhard Richter paintings on loan to a museum, and a review of the new LACMA building's non-linear curatorial approach.
5 Highlights der Art Düsseldorf
The Art Düsseldorf contemporary art fair has opened its latest edition, showcasing a diverse range of works that balance humor with urgent political and global themes. Highlights from the fair include Christian Jankowski’s monumental sculptures based on children's clay models at Galerie Crone, Julian Charrière’s environmentally conscious installations at Dittrich & Schlechtriem, and Jody Korbach’s satirical paintings that reference German art history and pub culture at Petra Martinez.
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.
Au Grand Palais, la foire Art Paris s’intéresse à la question du langage, avec un Prix BNP Paribas Banque Privée à la clé
The 28th edition of the Art Paris fair is set to return to the Grand Palais in 2026, featuring a mix of 60% French and 40% international galleries. This year’s edition emphasizes emerging talent through its 'Promesses' sector and introduces a strong curatorial focus with two thematic paths: 'Reparation,' curated by Alexia Fabre, and 'Babel,' curated by Loïc Le Gall. The latter explores the intersection of language, signs, and translation through the work of 20 artists from the French scene.
The Armory Show has announced its 2025 exhibitor list, featuring over 230 galleries set to participate in the fair from September 5–7 at the Javits Center in New York, with a VIP preview on September 4. This edition marks the first under new director Kyla McMillan, who has introduced a revised floor plan, a new section called Function organized by dealer Ebony L. Haynes, and a reconfiguration of the large-scale works Platform section led by Souls Grown Deep. More than 20 exhibitors are returning after a hiatus, including White Cube and Andrew Kreps, while 55 galleries are participating for the first time, such as Skarstedt and Megan Mulrooney.
Austrian art dealer Thaddaeus Ropac is opening a new gallery in Milan, his seventh location, despite initial concerns over Italy's high value-added tax (VAT) on art, which was Europe's highest at 22 percent. The Italian government slashed the VAT to 5 percent in June after pressure from art market players, making it the lowest in the EU. The gallery, spanning over 3,000 square feet in the 18th-century Palazzo Belgioioso, opens on September 20 with a show featuring Georg Baselitz and Lucio Fontana, followed by exhibitions of Valie Export and Ketty La Rocca. Elena Bonanno di Linguaglossa will serve as executive director.
Christie's Hong Kong is offering Pablo Picasso's 1944 painting *Buste de femme* with a high estimate of HK$106 million (about $13.6 million) at its 20th/21st Century evening sale, making it the top lot in Hong Kong's September sales across the three major auction houses. Other notable lots include Zao Wou-Ki's *7.3.63* (estimate HK$70–90 million) at Christie's and two Yoshitomo Nara works at Sotheby's and Phillips. In other industry moves, New York's Tilton Gallery is closing after its upcoming Ruth Vollmer exhibition; Esther Schipper Gallery now represents Lotus L. Kang; Başak Doğa Temür and Nilbar Güreş will collaborate on the Turkish Pavilion at the 2026 Venice Biennale; Yan Du Project has appointed Billy Tang as artistic director; and Phillips will auction a juvenile triceratops skeleton in New York.
Paris Gallery Weekend 2025 takes place May 23–25 across 74 galleries in the capital, featuring vernissages, performances, exhibition walkthroughs, and artist talks. Now in its second decade, the event was founded to spotlight Paris’s contemporary art scene and offers a counterpoint to the art fair circuit. Highlights include Sophie Calle’s "SÉANCE DE RATTRAPAGE" at Perrotin, where she revisits unfinished projects from her 2023 Picasso Museum exhibition, and major institutional shows like the David Hockney retrospective at Fondation Louis Vuitton and "Corps et âmes" at Bourse de Commerce. The weekend also includes a new Agnès Varda exhibition at Musée Carnavalet linking her photography to her Montparnasse atelier.
Florence Bonnefous, co-founder of Air de Paris gallery, is profiled in a feature that traces the gallery's 35-year history from its founding in Nice with poet Edouard Merino to its current industrial space in Romainville, a northern Paris suburb. The gallery, named after Marcel Duchamp's readymade, launched with a legendary 1990 exhibition featuring Philippe Parreno, Pierre Joseph, and Philippe Perrin, and has since become known for championing underground conceptual and challenging art. Bonnefous is described as a preeminent gallerist-curator who prioritizes artistic integrity over profit, representing estates of avant-garde female artists like Sturtevant and Dorothy Iannone, and maintaining close bonds with artists such as Liam Gillick and Flint Jamison. The gallery is exhibiting at Art Basel Paris but recently withdrew from Art Basel in Basel over a booth placement dispute.
Artist Hito Steyerl has published a new book, *Medium Hot: Images in the Age of Heat*, through Verso, continuing her long-running exploration of how images, technology, and politics intersect. The article traces her intellectual evolution from earlier works like *The Wretched of the Screen* (2013) and *Duty Free Art* (2017), highlighting key essays and video works such as *How Not to Be Seen: A Fucking Didactic Educational .MOV File* (2013), which satirizes surveillance culture. It notes that Steyerl topped ArtReview’s 2017 Power List as the most influential person in the art world, and that her latest book addresses war and violent conflict in the context of Web3, with a more decisive tone.
A growing number of art fairs and galleries are publicly announcing a 'strategic pause'—a hiatus from their regular exhibition schedules to reassess their models. This week, Vienna's Spark Art Fair invoked the phrase to take a year off, following Berlin dealer Mehdi Chouakri's decision to suspend his gallery's exhibition program after 30 years. Last July, ADAA's Art Show coined the term when it announced a year-long break to reimagine the New York fair, and Taipei Dangdai in Taiwan followed suit days later. In December, an unprecedented number of galleries skipped Art Basel Miami Beach. The trend reflects a broader shift in the art world's willingness to openly acknowledge the need for rest and reinvention.
Paula Tsai, a key figure in Asia's art market, discusses the evolving landscape of collecting in the region, focusing on mainland China and Korea. She notes a surge of new buyers from China, many of whom are young entrepreneurs, while the Korean market remains more mature and stable. Tsai addresses the impact of tariffs on importing art, particularly for Chinese collectors, but asserts that passionate collectors will continue to buy, adjusting timing rather than abandoning purchases. She also highlights the growing Thai market and the complexity of the Chinese market, where established collectors are cautious but new entrants keep activity high.
Artist Jen Liu’s solo exhibition 'Pound of Flesh' at Silverlens New York explores the dehumanizing nature of digital labor through visceral imagery of raw meat. The show features paintings where human consciousness is replaced by butcher-shop cuts and an animated video based on Liu’s research into microworkers—individuals who perform repetitive, low-paid tasks to train AI models. By juxtaposing the biological reality of the body with the clinical extraction of data, Liu highlights the physical and psychological toll of the 'Agentic Age.'
Art Basel 2026 has announced that artist Trevor Paglen will co-curate the latest edition of Zero 10, the fair's global initiative dedicated to digital art, alongside digital art strategist Eli Scheinman. Making its debut at Art Basel's flagship Swiss edition, Zero 10 will take over the Event Hall on Messeplatz from June 17–21, 2026, with a Preview Day on June 16. The expanded presentation will feature 19 exhibitors showcasing artists working at the forefront of digital, generative, and media-based practices, and is themed "The Condition," examining life within algorithmic systems and AI. Highlights include works by Hito Steyerl, Avery Singer, Andreas Gursky, Vera Molnar, Ryoji Ikeda, John Gerrard, and Rafael Lozano-Hemmer, presented by galleries such as Hauser & Wirth, Marian Goodman Gallery, Sprüth Magers, Esther Schipper, Almine Rech, bitforms gallery, Art Blocks, and HEK (Haus der Elektronischen Künste).
Art Basel has announced that artist Trevor Paglen and digital art strategist Eli Scheinman will co-curate the third edition of Zero10, the fair's initiative dedicated to digital art, at its flagship Swiss edition in Basel from June 17–21, 2026 (with a preview on June 16). The presentation will feature 20 exhibitors, including major galleries such as Hauser & Wirth, Marian Goodman, and Sprüth Magers, and will be freely accessible to the public in the Event Hall on Messeplatz. The curatorial theme, "The Condition," explores life in a world saturated by digital imagery, computational systems, and artificial intelligence, bringing together historical and contemporary voices across digital, generative, and media art.
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.
Artnet News has published the latest installment of its '25 of 2025' series, spotlighting five sculptors to watch. The article profiles Lotus L. Kang, a Canadian artist who had a solo show at 52 Walker in New York, was recently picked up by Esther Schipper, and has appeared in group exhibitions at MoMA, Jeffrey Deitch, and the Hessel Museum. It also features Raven Halfmoon, a Caddo Nation artist whose totemic ceramic works draw on Indigenous traditions and folklore, and who had her major institutional debut at the Aldrich Contemporary Art Museum in 2023. The series aims to highlight emerging talents shaping contemporary art.
Art Basel returned to Basel for its 55th edition in June 2025, featuring 289 top international galleries from 42 countries and territories. The fair attracted 88,000 visitors, including collectors, curators, and representatives from over 250 museums and foundations. Highlights included Arturo Kameya's storytelling installation at GRIMM in the Statements section and Lothar Hempel's series of painted aluminum works at Anton Kern Gallery in the Kabinett sector, alongside large-scale installations in Unlimited and public projects in Parcours.
Gallery Weekend Berlin returns for its 21st edition from May 2-4, 2025, featuring fifty-two galleries showcasing established and emerging artists. Antonia Ruder, who joined the event in 2023 and is now preparing her second full edition as director, discusses the festival's origins as a private initiative by five art dealers in 2005, its growth to become a global art calendar highlight, and its role as a premier platform for contemporary art in Germany in the absence of an international art fair in Berlin.