Kiang Malingue, a prominent Hong Kong gallery, is opening a new commercial space in New York's Chinatown this week. The inaugural exhibition features Japanese artist Hiroka Yamashita, marking her New York solo debut. Founders Edouard Malingue and Lorraine Kiang cite a strategy to tap into a growing community of young Asian American collectors and rising market interest in Asian and Asian diaspora artists.
New York artist mentor Paddy Johnson released the inaugural New Visions Report on Wednesday, surveying 1,000 mid-career artists to assess their careers with the same data-driven approach used for other businesses. The report, produced with arts journalist Julia Halperin and Gray Market columnist Tim Schneider, reveals that 75 percent of surveyed artists earn $15,000 or less from their practice, 45 percent earned less in 2025 than in 2024, and 56 percent say debt influences their decisions. Despite these struggles, 73 percent remain optimistic about their careers. The report also found that even the most successful artists—those with gallery representation and museum shows—face debt and lack basic systems like estate plans, while 82 percent want more gallery and museum opportunities but are unsure how to achieve them.