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.
David Zwirner gallery announced it will now officially represent Japanese artist Yoshitomo Nara, with his first solo exhibition planned at Zwirner's New York space. The representation deal was brokered through Nara's international agent Joe Baptista and his Equivalence Art Agency. Baptista was previously a partner at Pace Gallery, Nara's longtime representative, and his departure from Pace had not been publicly announced. Nara was also long represented by Blum Gallery, which closed earlier this year after its final Nara show in Los Angeles. Pace Gallery CEO Marc Glimcher expressed surprise but said Pace will continue to have a relationship with the artist.
The Museum Ludwig in Cologne has launched a major retrospective of Yayoi Kusama's work to mark its 50th anniversary. The exhibition features over 300 pieces, including sculptures, paintings, and installations, and spans her entire career from a childhood drawing to a newly commissioned Infinity Room. It also debuts several works in a museum setting and spreads beyond the gallery walls to the museum's roof.
Yukako Yamashita will step down as director of Art Collaboration Kyoto (ACK) after leading the fair since 2022. The four-day event, which concluded at the Kyoto International Conference Center, featured 72 galleries from 19 countries and regions, with 29 Japan-based galleries hosting 30 international galleries in shared booths—its largest edition yet. Highlights included Annely Juda Fine Art's sale of three David Hockney works and Kurimanzutto selling 75 percent of its solo booth with artist WangShui. The fair also launched the Bangkok Collaborate Kyoto Fellowship, awarding WangShui and Takuro Tamayama a residency in Bangkok. ACK will return November 6–9, 2025.
A new exhibition titled "Presence in Absence: The Art of BTS Chapter 2" opens at Taxa Seoul on June 21, featuring 20 fan artists from around the world whose works celebrate the K-pop group BTS. Curated by Jieun Seo and Yvette Wohn of 25th Hour Collective, the show includes artworks created between 2022 and 2025, a period when BTS members were fulfilling mandatory military service, leading fans to channel their devotion into creative expression. The exhibition highlights diverse styles and media, from solo portraits to surreal scenes, reflecting the global reach of BTS fandom.
Artnet News profiles seven key works by Yayoi Kusama, tracing her career from the 1960s to the present. The article highlights her iconic pieces such as *Narcissus Garden* (1966), a guerrilla installation at the Venice Biennale where she sold mirrored spheres, and *Death of a Nerve* (1976), a soft sculpture reflecting her emotional struggles after returning to Japan. It also notes her early life, including her traumatic childhood, move to New York, and friendships with artists like Georgia O'Keeffe and Joseph Cornell.
Artnet News highlights seven must-see museum exhibitions across Asia in 2026, with a focus on women artists and diverse themes. Key shows include a retrospective of Korean sculptor Kim Yun Shin at the Hoam Museum of Art in Yongin, a posthumous exhibition of Japanese painter Rey Camoy at the Ishikawa Prefectural Museum of Art, a manga and fantasy art survey at M+ in Hong Kong, and a solo show by Belgian artist Carsten Höller at the UCCA Center for Contemporary Art in Beijing.
This ARTnews Morning Links roundup covers multiple art-world stories from April 30, 2026. A new Banksy sculpture appeared in London's Waterloo Place, depicting a suited man marching off a plinth with a flag covering his face, though Banksy had not confirmed the work. Italian Culture Minister Alessandro Giuli ordered inspectors to the Venice Biennale headquarters amid intensifying scrutiny over Russia's participation, following internal emails suggesting sanctions were circumvented. Obituaries note the deaths of German 'total artist' Timm Ulrichs at 86 and Japanese sculptor Shigeo Toya at 78. A José Aparicio painting, 'The Year of the Famine in Madrid' (1818), returned to the Prado Museum after 150 years. In San Francisco, a group called Friends of the Plaza filed an appeal to block dismantling of the Vaillancourt Fountain. A feature in Cultured Magazine explores Bucharest's ambitions as a global arts hub through the Romanian Art Dealers fair.
Art Basel Hong Kong has announced its exhibitor list for the 2026 edition, featuring 240 galleries from 42 countries and territories, roughly the same size as last year's 242 galleries. The fair runs March 27–29 at the Hong Kong Convention and Exhibition Centre, with preview days on March 25–26. New additions include 32 first-time exhibitors from Australia, Japan, Turkey, France, Germany, and the US, while 33 galleries from the previous edition are absent—some due to closures (Blum, Clearing, Kasmin) or acquisitions (Millan bought by Almeida & Dale). A new sector called Echoes will showcase works created in the last five years, and the Encounters sector will be curated by a team led by Mami Kataoka. Media artist Ellen Pau will oversee the film program for the first time, and Shahzia Sikander has been commissioned to create a public artwork for the M+ Museum facade.
Bolding Gallery, co-directed by Esme Blair and Sam Lincoln, has carved a niche in London's art scene over the past nine months by staging exhibitions in overlooked architectural spaces. Since its launch in December 2024, the gallery has held nine shows across two venues, featuring 15 artists and prioritizing experimental performance and research-driven practices. Meanwhile, Artnet reports optimism for art fairs in Japan and South Korea, noting that Japan's art auction sales declined only 19% in 2024 to $149.8 million—better than the global 27.3% drop—with a 73.9% sell-through rate, the highest in a decade. Rising artist Yu Nishimura saw his auction total surge from $272,264 to over $2.25 million in 2025.
Beauty brand Dove has launched a limited-edition haircare collection called "The Art of Repair" featuring iconic artworks by Claude Monet, Mary Cassatt, and Vincent van Gogh on its product packaging. The shampoo, conditioner, and serum bottles display images of Monet's *The Japanese Footbridge*, Cassatt's *The Loge*, and Van Gogh's *Roses*, drawing a parallel between art conservation and hair repair. The collection is exclusively available at Walmart.
The Art Gallery of New South Wales in Sydney will host Australia's first major Takashi Murakami retrospective, opening in December 2026. Titled simply "Takashi Murakami," the exhibition spans 30 years and features 150 works, including paintings, sculptures, video, and large-scale installations. It will occupy part of the gallery's Naala Badu building and will debut new works created specifically for the show in the vast Nelson Packer Tank space.
Christie’s is launching its first New York auction dedicated to Japanese anime and manga, titled "Anime Starts Here: Japanese Subculture Reimagines Tradition." Scheduled for March 18–31 during Asian Art Week, the online sale features over 40 lots including original production cels from Hayao Miyazaki’s films, manga drawings by Tezuka Osamu, vintage Godzilla posters, and Hokusai prints. Most items are priced accessibly, with many estimates falling below $3,000.
Singapore's Art SG fair featured a new pavilion called South Asian Insights, backed by India's TVS Motor Company, showcasing contemporary art from South Asia. The pavilion, which included eight galleries and featured a tapestry by Raqib Shaw sold to a Japanese collector, was crowded and highlighted the rising market for South Asian art.
Artnet Pro's 'The Asia Pivot' newsletter previews the 2026 Asian art market, highlighting a hopeful recovery after signs of improvement in late 2025. Key events include Art SG in Singapore (hosting S.E.A. Focus for the first time), the inaugural Art Basel Qatar in February, and Art Basel Hong Kong in March. Auction houses will align spring sales with these fairs. The article also notes regional shifts: South Korea's Art Asia partners with KINTEX for a new fair in India, Hong Kong's Kwai Fung Hin opens in Singapore, and Shanghai's Antenna Space expands to Hong Kong. Japan's Prime Minister Sanae Takaichi meets with artist Takashi Murakami to promote culture abroad, while geopolitical tensions with China threaten cultural exchanges.
Artnet News's 'The Asia Pivot' reflects on its 2025 coverage, highlighting the expansion of Asia's art scene beyond traditional East Asian markets into emerging regions such as the Gulf, South Asia, and Central Asia. Key developments include the debut of the Bukhara Biennial in Uzbekistan, the opening of the Almaty Museum of Arts in Kazakhstan, and the flourishing art scene in Thailand with new private museums like Dib Bangkok. The report also covers major markets like China, Japan, and South Korea, noting the impact of geopolitical dynamics and market shifts.
The first U.K. public institutional solo exhibition of Japanese artist Yoshitomo Nara opened at London's Hayward Gallery in June 2025, featuring over 150 works spanning four decades. The retrospective includes paintings, drawings, sculptures, and installations, such as the large-scale painting "I Want to See the Bright Lights Tonight" (2017), which sold for $12.3 million at Sotheby's Hong Kong. Notable visitors include artist Takashi Murakami and collector RM of BTS. The exhibition runs through August 31.
The International Fine Prints and Drawings Association (IFPDA) Print Fair returned to New York’s Park Avenue Armory, featuring 80 global galleries, publishers, and print studios. The event showcased a diverse range of works, from 19th-century Japanese ukiyo-e masterworks by Hokusai to contemporary pieces by artists such as Kiki Smith, Julie Mehretu, and David Hockney. Notable highlights included Kiki Smith’s massive 12-foot watercolor "Wooden Moon" and Paula Rego’s influential abortion etchings, which were recently acquired by the Metropolitan Museum of Art.
Japanese artist Yuko Mohri has gained international acclaim for her kinetic, sound-based installations that utilize decaying organic matter and found objects to create unpredictable ecosystems. Her recent presentation at the 2024 Venice Biennale's Japanese Pavilion featured sculptures powered by the electrical currents of decomposing fruit and water systems that embraced the pavilion's porous architecture, even during torrential rain.
The Mauritshuis in The Hague announced it will loan Johannes Vermeer's "Girl with a Pearl Earring" (circa 1665) to the Nakanoshima Museum of Art in Osaka, Japan, this summer while the Dutch museum closes for building alterations from August 24 to September 20. Separately, President Donald Trump's administration released a memo on January 7 stating the US will withdraw from over 60 international groups, including ICCROM and IFACCA, which focus on arts and cultural heritage preservation, arguing these bodies operate contrary to US interests.
The second edition of Taipei Art Week has drawn a large crowd, anchored by Art Taipei—Asia's longest-running art fair—and the 14th Taipei Biennale. Galleries have raised their ambitions, with pop-up shows, talks, and collectors' parties filling the city. However, Taiwan's art market faces significant headwinds: art imports fell 15.2% in 2024, Ravenel's spring auction sales plummeted from $14.6 million in 2020 to $3.6 million in 2025, and Taipei Dangdai announced it would cease operations after its sixth edition. Geopolitical tensions with China have reduced Chinese collector participation and visitor numbers at the National Palace Museum.
Tom Sachs has opened a new exhibition titled “A Good Shelf” at Thaddaeus Ropac’s London gallery during Frieze Week, featuring NASA-emblazoned ceramics inspired by Japanese tea bowls and space travel. The show runs through December 20 and includes hand-formed ceramics displayed on shelves made from rough materials like cinderblock and plywood. This marks Sachs’s return to the spotlight after a 2023 scandal in which former studio staff accused him of creating a toxic workplace, leading Nike to pause its sneaker partnership with the artist; the partnership resumed in September 2024.
A new arts institution called Canyon is set to open on Manhattan's Lower East Side in 2026, occupying a 40,000-square-foot former commercial space at the foot of the Williamsburg Bridge. Founded by philanthropist and art collector Robert Rosenkranz and Joe Thompson, the founding director of MASS MoCA, Canyon will focus on video art, sound art, and performance art. The venue will include 18,000 square feet of exhibition space, a 60-foot-tall performance area, and a 300-seat performance hall. Early programming plans include a retrospective of Japanese artist Ryoji Ikeda and an expanded iteration of the video game-themed group exhibition "Worldbuilding," curated by Hans Ulrich Obrist. The architecture firm New Affiliates is redesigning the space, and Sam Ozer has been appointed curator-at-large. Admission will be $30, with free access for school groups and library cardholders.
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Japan’s art market demonstrated remarkable resilience in 2024, growing by 2% to reach $692 million despite a 12% contraction in the global art market. A government-commissioned report by economist Clare McAndrew revealed that the Japanese market is characterized by high-volume, lower-value transactions, with 93% of sales occurring at price points under $10,000 and dealers accounting for the vast majority of trade.
A Japanese collector, Hiroaki Narita, is auctioning his extensive collection of Rei Kawakubo's designs for Comme des Garçons at the French auction house Piasa on October 1, during Paris Fashion Week. The sale includes over 500 lots of garments and accessories dating from 1969 to 1999, with estimates ranging from €150 to €2,000. The collection spans Kawakubo's most iconic collections, including Pirates (1981), Body Meets Dress, Dress Meets Body (1997), and Kaleidoscope (1996), showcasing her avant-garde, deconstructed aesthetic.
Art Collaboration Kyoto announced 72 exhibitors for its fifth edition, with 25 first-time participants. Patti Wong, former Sotheby's executive, launched New Perspectives Art Partners with Ed Dolman, Brett Gorvy, and others. Art Fair Tokyo's 20th edition saw sales of ¥2.86 billion, down 10% from last year. Lisa Horikawa and Mizuki Takahashi were appointed co-curators of Japan's pavilion at the Venice Biennale. The Sharjah Art Foundation named Angela Harutyunyan and Paula Nascimento curators of the 17th Sharjah Biennial. YDP, a new non-profit space in London, will open with a solo show by Duan Jianyu. At Sotheby's London, Yu Nishimura's painting sold for £292,100. Hong Kong collector Adrian Cheng resigned from New World Development's board.
The Museum of Modern Art in Paris has opened "Matisse and Marguerite: Through Her Father's Eyes," an exhibition running through August 24 that explores the lifelong bond between Henri Matisse and his eldest daughter, Marguerite Duthuit-Matisse. Featuring over 100 works—including paintings, drawings, prints, sculptures, and ceramics—the show traces their relationship from her childhood through World War II, with many pieces rarely exhibited before. Loans come from institutions in the United States, Switzerland, and Japan, supplemented by photographs and archival materials.
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.
London’s Design Museum has announced a major retrospective for the Japanese creative polymath NIGO, marking his first significant museum exhibition outside of Japan. Opening in May, the show will feature over 700 objects, including vintage clothing, childhood artifacts, and runway looks that trace his evolution from a punk-influenced student at Bunka Fashion College to the founder of A Bathing Ape (BAPE) and the current artistic director of Kenzo.
Artist Meg Webster has collaborated with the Dia Art Foundation and Japanese fashion house Comme des Garçons to release her first signature perfume. The fragrance, inspired by Webster’s sensory earthworks made of soil and salt, features woodsy and petrichor notes housed in a silver tetrahedral box that mirrors her sculptural vocabulary. To celebrate the launch, a 2017 sculpture by Webster will be installed at the Comme des Garçons boutique in Chelsea, Manhattan.