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.
Artnet News and Morgan Stanley have collaborated on a report analyzing the art market's recovery after COVID-19, with a focus on Asia's emergence as a powerful engine. Using data from the Artnet Price Database and Artnet Analytics, the report shows that China (including Hong Kong) has become a dominant force, overtaking the U.S. and U.K. in fine-art auction sales. By 2020, China reclaimed the top-selling global fine-art auction market position, and as of mid-2021, it remains neck and neck with the U.S. The report also examines the role of Hong Kong, which has consistently contributed over 40% of China's fine-art sales, driven by its unique economic policies and integration into the global art market.
Christie’s has announced the sale of the private collection of the late legendary art dealer Marian Goodman, who passed away in January at age 97. Estimated to bring in approximately $65 million, the collection is headlined by a group of significant works by Gerhard Richter, an artist Goodman championed for four decades. The centerpiece of the auction is Richter’s 1982 painting "Kerze (Candle)," which carries a high estimate of $50 million and will lead a series of dedicated sales in New York this May.
Christie's is auctioning Vincent van Gogh's early painting 'A Girl in a Wood' in Hong Kong on March 27, with an estimate of $1.3m-$2.6m. The work, recently redated to August 1883, is being offered directly in Asia, bypassing major Western previews, to target Chinese collectors.
New York Art Week 2026 brings a major convergence of art events across the city, including several prominent art fairs such as Frieze New York, Independent New York, TEFAF New York, and NADA New York. The week also features gallery openings spanning from Tribeca to the Upper East Side, as well as auction previews ahead of key sales at Sotheby’s, Christie’s, and Phillips.
Hong Kong’s art scene experienced a massive surge of activity in March 2026, anchored by Art Basel Hong Kong and Art Central. The city hosted 240 galleries at the main fair, drawing over 91,000 visitors, alongside numerous boutique fairs, auction previews, and major institutional exhibitions. Highlights included a reassembled 1964 Yayoi Kusama installation at Art Intelligence Global, a lecture by Zhang Xiaogang at Asia Art Archive, and a poignant solo show by artist duo Chow and Lin at SC Gallery.
A rare exhibition of works by the late artist Matthew Wong, including never-before-exhibited pieces, will open in Venice during the 2026 Biennale. Titled “Matthew Wong: Interiors,” the show is curated by John Cheim and organized by the artist’s foundation, run by his mother Monita Wong. The 35-work exhibition focuses on interior spaces, both physical and psychological, and highlights Wong’s vibrant color palette and expressive brushwork, which he developed before his death by suicide at age 35 in 2019.
Gordon Robichaux, a gallery located on the ninth floor of a high-rise in New York's Union Square, has opened two exhibitions dedicated to the late artist and curator Jenni Crain, who died suddenly from Covid-19 in 2021 at age 30. The shows feature an unrealized floor sculpture by Crain, completed by her foundation and collaborators, and an untitled exhibition including works by artists who influenced her, such as Tee Corinne, March Avery, and Kate Millett. The gallery is also dedicating its booth at Frieze New York to Crain, highlighting her role as a friend, curator, and salesperson during the gallery's early years.
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.
Art critic Martha Schwendener has released a new book titled 'The Society of the Screen: Vilém Flusser’s Radical Prescience,' exploring the prophetic theories of the late philosopher Vilém Flusser. Flusser, a Prague-born thinker who lived in Brazil and Europe, argued in the 1980s that society was transitioning from a text-based culture to one dominated by 'technical images,' a shift he believed would fundamentally alter human consciousness and the function of the 'apparatus' in daily life.
San Francisco Art Week is underway, anchored by the 12th edition of FOG Design and Art (January 21–25) on a historic former Army base. The event arrives amid flux for Northern California's art scene, with several prominent galleries closing and two major art schools—the San Francisco Art Institute and the California College of the Arts—recently shuttering. However, new free-admission fairs Atrium and Skylight Above (both January 22–25) signal fresh energy. The article highlights must-see museum shows across the city, including "Lee ShinJa: Drawing with Thread" at BAMPFA, "Rose B. Simpson: Lexicon" at the de Young Museum, "Rising Tides" at the Floating Art Museum, and "Earthseed Dome: Lily Kwong" at the Institute of Contemporary Art, San Francisco.
Gallery Weekend Beijing (GWBJ) returned for its ninth edition from May 22 to June 1, 2025, adopting a new invitation-only model that emphasizes curatorial integrity. The event expanded beyond the 798 Art District into neighboring areas including 751 district, Caochangdi, and the Beijing Free Trade Zone Art District. A committee of five gallerists selected participants, aligning with an inaugural 'Beijing Art Season' that also includes Beijing Dangdai and Art021 Beijing. The article spotlights five emerging local artists: Cheng Xinyi, Liao Wen, Guo Cheng, and others, highlighting their exhibitions and market traction.
Frieze Seoul returns for its fourth edition at Coex from September 3 to 6 with 120 galleries, maintaining last year's scale. Asian galleries now represent 64 percent of exhibitors, up from 48 percent, signaling a stronger regional identity. Notable non-returning galleries include Blum, Karma, and Neugerriemschneider. Meanwhile, Kiaf Seoul will run concurrently with 176 exhibitors, and Art021 Group suspended its 2025 Hong Kong show after a single edition. Gallery Weekend Beijing concluded its ninth edition with a new invitation-only model, and several Asian-rooted artists are featured in London Gallery Weekend. New institutions opened, including the Photography Seoul Museum of Art and the Naoshima New Museum of Art, while the inaugural Bukhara Biennial program was announced.
The New Museum has named Yun Choi, Alison Kuo, and Korakrit Arunanondchai as the first artists-in-residence for its new Artist Studio, a 730-square-foot space created by the museum's OMA-designed expansion. The residencies will run from spring 2025 through winter 2027, with each artist developing new work, onsite exhibitions, and public programs. Separately, Forge Project announced its 2026 fellows—six Indigenous artists including Jay Bellis, Heidi Brandow, and Tiare Ribeaux—who will each receive $25,000 and a three-week residency. In other news, the Robert Therrien Estate has left Gagosian for David Zwirner Gallery, Laurel Nakadate won the Maud Morgan Prize, and Frieze New York revealed a staff uniform designed by artist Reika Takebayashi.
Mary Boone, the renowned gallerist who closed her eponymous gallery in 2019 after being sentenced to prison for tax evasion, has returned to the New York art scene. She is collaborating on the exhibition "Uptown/Downtown" at Lévy Gorvy Dayan, on view through December 13. The show features works by Jean-Michel Basquiat, Andy Warhol, Richard Prince, and Cindy Sherman, among others, and explores the 1980s New York art world. In an interview, Boone discusses her comeback, the optimism of the 1980s that allowed her to succeed as a woman without family connections, and the current re-examination of that era.
Sotheby's achieved a record-breaking $706 million auction night at its new global headquarters in the Breuer Building, New York, the highest total in the auction house's 281-year history. The sale was propelled by the collection of late art patron Leonard A. Lauder, whose 24 pieces sold for $527.5 million, led by Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16) which fetched $236.4 million, becoming the second-priciest artwork ever sold at auction. A subsequent contemporary and ultra-contemporary art sale added $178.5 million.
ArtReview and Ursula magazine have announced a collaborative talk featuring curators Hammad Nasar and Billy Tang as part of their "Off the Record" series in London. The event, held at the Farm Shop in Mayfair, is designed as an intimate, live conversation focused on the working methods and inspirations of creative visionaries. Nasar, a veteran curator and MBE recipient, will join Tang, the Artistic Director of the new Yan Du Project, to discuss their respective practices and the evolution of creative thinking.
This week's obituaries mark the passing of several significant figures in the visual arts. They include British surrealist painter and zoologist Desmond Morris, known for his 'biomorph' paintings and experiments with chimpanzee art; West Coast monochrome abstractionist James Hayward, who developed a cult following for his thickly painted canvases; and Chinese American artist Flo Oy Wong, a foundational storyteller of Oakland's Chinatown and the Asian American experience. Also remembered are assemblage artist Aldwyth, Ethiopian painter and educator Behailu Bezabih, Anglo-Irish conservator and designer Alec Cobbe, Bangladeshi art director Tarun Ghosh, and New Mexico painter Michael Hurd.
The Institute of Contemporary Art San Francisco (ICA SF) will leave its current home at The Cube in December 2025 to adopt a fully nomadic, citywide model, presenting exhibitions and programs at various sites across the Bay Area starting in early 2026. Its final shows at The Cube are solo exhibitions for Masako Miki and David Antonio Cruz, on view through December 7. The museum has already secured support from the Office of the Mayor of San Francisco and lined up programs for the next year, including exhibitions at the Transamerica Pyramid Center featuring Tara Donovan and Lily Kwong, and a two-person show for Dominique Fung and Heidi Lau at Pier 24 in 2026, with a partnership planned for 2027.
The 2026 Venice Biennale is embroiled in controversy, with the US Pavilion at the center of a political storm. The Trump administration's State Department overhauled the selection process, bypassing the usual NEA panel and commissioning a nonprofit, the American Arts Conservancy, to organize the pavilion. Artist Alma Allen, who accepted the invitation despite threats from galleries and curators, presents a show that critics find politically muted. The Biennale's jury resigned days before the opening, and annual prizes were canceled, adding to the turmoil.
Conceptual artist Danh Vo discusses his multifaceted practice in a new podcast interview, exploring how his work weaves together personal autobiography, queer identity, and his experience as a Vietnamese immigrant. The conversation delves into his collaborative methods, his use of found objects ranging from religious sculptures to household items, and his upcoming exhibitions at the Stedelijk Museum in Amsterdam and White Cube in New York.
Artsy spoke with 12 leading collectors about the artists, exhibitions, and trends they are most excited to follow in 2026. Highlights include the re-centering of women artists, the rise of South Asian and LGBTQ+ artists, and the impact of AI on gallery operations. Collectors point to major institutional milestones such as LACMA's new campus, the Guggenheim Abu Dhabi, the Venice Biennale, and Art Basel's expansion into Qatar, as well as specific shows like Claire Tabouret's stained-glass commission for Notre-Dame and the Frida Kahlo exhibition at the Museum of Fine Arts, Houston.
Art Basel Paris has rewarded top dealers with significant sales during its new VVIP preview slot, Avant-Première, held on October 21. Hauser & Wirth led with over $30 million in sales, including Gerhard Richter's "Abstrakte Bild" (1987) for $23 million, while David Zwirner sold a Ruth Asawa sculpture for $7.5 million. Goodman Gallery sold two works by William Kentridge to museums, and White Cube placed Julie Mehretu's "Charioteer" (2007) for $11 million. However, some dealers like Philomene Magers found the opening too crowded, and adviser Aileen Agopian noted the market remains far from the frenzy of previous years, with no single sale surpassing the $40 million Mark Rothko painting brought by Pace two years ago.
New York Art Week 2025 is underway as the international art world converges on the city for a series of major spring fairs. Galerie has surveyed six key fairs—Frieze New York, Independent, TEFAF New York, NADA New York, Future Fair, and Esther II—highlighting standout artworks and notable presentations. Highlights include Jeff Koons' Hulk sculptures at Gagosian, Claire Tabouret's new paintings at Perrotin, and Tuan Andrew Nguyen's kinetic sculptures at James Cohan. Independent returns to Spring Studios with its 16th edition, featuring a new curatorial initiative, Independent Debuts, showcasing 26 emerging artists including Shafei Xia, Laura Footes, and Lewis Brander.
During Frieze week in London, the National Gallery hosted its 'Unexpected Views' talk series, where eight contemporary artists including Grayson Perry, Shirazeh Houshiary, and Haegue Yang gave ten-minute talks on their favorite works. Tracey Emin and British Museum director Nicholas Cullinan held a candid discussion titled 'Confessions in the Museum,' and the art collective Konn Artiss placed ice blocks containing frozen feces outside major galleries and auction houses as a protest against the art market. The week also featured a lavish Frieze Collectors' Dinner with guests including Ari Emanuel, Sadie Coles, and Christian Levett, and a secret performance by musician Sampha.
Artsy's editorial team curated a selection of 15 outstanding artworks from the seven art fairs taking place in New York during May 2025, including TEFAF, NADA, Esther II, Future Fair, Independent, and 1:54. The article highlights specific works such as Brandon Morris's "Teapot (Desire for No Tomorrow)" at Esther II, and notes that the fairs range from blue-chip offerings at TEFAF to emerging art at NADA, all compressed into a single week.
This article highlights 11 must-see museum exhibitions in New York for spring 2025, including shows at Amant, the American Folk Art Museum, the Guggenheim, the Hill Art Foundation, the Metropolitan Museum of Art, and MoMA PS1. Featured artists include Madalena Santos Reinbolt, Rashid Johnson, Sam Moyer, Jennie C. Jones, and Andro Eradze, with works spanning textiles, sculpture, sound installations, and mixed media.
Artsy Editorial highlights six exhibitions across the U.S. celebrating Asian American and Pacific Islander artists during AAPI Heritage Month 2025. Featured shows include "Painting As Method" at Alisan Fine Arts, presenting works by Mimi Chen Ting, Yifan Jiang, and Kelly Wang; Ellie Kayu Ng's "Bloom!" at LATITUDE Gallery New York; and Yunfei Ren's "Latitude Unknown" at Jonathan Carver Moore in San Francisco. The article also notes Art for Change's monthlong print spotlight and describes the diverse media and themes—from hyperreal fashion-inspired paintings to ceramic sculptures and abstract landscapes—that reveal the breadth of contemporary AAPI art.
The Judd Foundation has appointed Alexandra Cunningham Cameron as its first director of design, a new role overseeing Donald Judd Furniture LLC. Cameron, currently a curator of contemporary design at the Cooper Hewitt, Smithsonian Design Museum in New York, will start on April 27, guiding product development, operations, and strategic growth for the foundation's furniture line, which produces over 70 designs based on Donald Judd's original specifications.
Berlin-based Singaporean artist Ming Wong premiered a new film, *Dance of the Sun on the Water | Saltatio Solis in Aqua*, at London's National Gallery. The work, created during a residency, reimagines Saint Sebastian as a queer, shape-shifting figure, with Asian performers of multiple genders enacting the martyrdom amidst the museum's collection of historical paintings of the saint.