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Strong sales and cross-market demand define Art Basel Hong Kong opening

Art Basel Hong Kong opened with robust sales and high energy, signaling a strong recovery for the Asia-Pacific art market. Blue-chip galleries reported several seven-figure transactions early on, including a $4 million Picasso at Bastian and a $3.8 million Liu Ye painting at David Zwirner. The fair's debut of the digital-focused 'Zero 10' initiative and a significant presence of regional collectors underscored a diverse appetite for both postwar masters and contemporary digital works.

Korean galleries took part in Tokyo Gendai as part of collaboration with Art Busan

Art Busan and Tokyo Gendai have partnered on a project called Connect, bringing nine Korean and two Chinese galleries to the 2024 edition of Tokyo Gendai, held September 11-14 at Pacifico Yokohama. The initiative, supported by the Korean Ministry of Culture, Sports and Tourism and the Korea Arts Management Service (KAMS), also included a collaborative exhibition at Terrada Art Complex during Tennoz Art Week, featuring artists such as Kim Hongjoo, Lee Bae, and Kim Taek Sang. Fair directors Eri Takane and Seokho Jeong, alongside ArtSG director Shuyin Yang, participated in talks about expanding regional collaboration.