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.
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.
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.
Shanghai's West Bund Art & Design fair and Art021 opened last week with unexpectedly strong sales, despite economic headwinds and regional competition. Many galleries reported brisk first-day sales, with Thaddaeus Ropac placing five works including a Martha Jungwirth painting for €500,000, and Hauser & Worth selling two works for over $1 million. However, major blue-chip galleries like Gagosian and Pace opted out entirely, while others like Almine Rech, White Cube, and David Zwirner scaled back their participation. The fairs took place against a backdrop of China's ongoing property slump and the overlapping Art Collaboration Kyoto, which siphoned attention from international collectors.
The global art fair calendar for 2026 is taking shape with a mix of established blue-chip events and significant new international expansions. Key highlights include the debut of Pavilion in Taipei and Hong Kong, the expansion of Paris Internationale into Milan, and the highly anticipated return of the ADAA Fair to New York's Park Avenue Armory following a strategic hiatus.
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 Collaboration Kyoto (ACK) opened its fifth edition at the Kyoto International Conference Center, running until 16 November. The fair, launched in 2021 to connect Japanese and international galleries, has grown to a record 72 exhibitors, half from overseas. Special exhibitions are staged at historic temples across Kyoto, including shows by Isabella Ducrot at Kousei-in, Carrie Yamaoka at Manshu-in, and Shio Kusaka with Jonas Wood at Ryosoku-in. Sales were strong on opening day, with galleries like KAYOKOYUKI, Kurimanzutto, Mendes Wood DM, and TARO NASU reporting brisk transactions.
Tokyo Gendai held its third edition from September 11-14, 2025, in Yokohama, shifting from its original July slot to an early autumn date to attract more international dealers and collectors. The fair reported mixed sales amid a slow economy, with local Japanese collectors making up the vast majority of buyers. Notable sales were reported by Pace Gallery, while other galleries like Anomaly noted a slower start but eventual sales. The fair also featured a new partnership with Art Busan, bringing Korean and Chinese galleries with subsidized booth fees.
The Kiran Nadar Museum of Art has commissioned artist Nalini Malani for a collateral exhibition at the 2026 Venice Biennale, titled 'Of Woman Born'. Art Collaboration Kyoto announced a shift from a single director to a seven-member leadership committee. Australian artist Datsun Tran won the 2026 Glover Prize for his landscape work 'The giants are falling'. New York Mayor Zohran Mamdani appointed Diya Vij as commissioner of the city's Department of Cultural Affairs.
Purat 'Chang' Osathanugrah, a longtime art collector, has taken over the leadership of Dib Bangkok, Thailand's first international contemporary art museum, following the death of his father Petch Osathanugrah in 2023. The museum, housed in a repurposed 75,000-square-foot warehouse in Bangkok's Khlong Toei district, is set to open on December 21. In an interview with Artnet News, Osathanugrah discusses the transition from private collector to institutional steward, recent acquisitions including works by Peihang Benoit and Frederic Anderson, and the museum's mission to make art accessible to the public while honoring his father's legacy.
London gallerist David Juda of Annely Juda, one of the city's longest-operating dealers, shares his strategies for keeping a gallery open amid a wave of closures. He emphasizes staying small, avoiding expensive art fairs for newcomers, and planning succession—handing responsibilities to co-director Nina Fellmann as he approaches 80. The gallery is moving to a new space on Hanover Square, inaugurating with new paintings by David Hockney.
The contemporary art fair Art Collaboration Kyoto (ACK) has announced a major leadership change, transitioning from a single director to a seven-member leadership committee. The new committee, effective April 1, includes Doi Miho, Hattori Yoko, Mine Keiko, Ohishi Masako, Suzuki Hidenori, Takamura Miwa, and Tezen Wakako. Current director Yamashita Yukako will step down and assume the role of chair of ACK Ambassadors. The fair's sixth edition is scheduled for November 7–9 at the Kyoto International Conference Center.
Arts of Life, a Chicago-based nonprofit supporting artists with intellectual and developmental disabilities, is celebrating its 25th anniversary with its first museum exhibition, "Community on the Make | Arts of Life 2000 – 2025," at the Design Museum of Chicago from August 11 to September 30, 2025. The retrospective features works by over 50 artists, staff, and volunteers, including founding member Veronica "Ronnie" Cuculich, and highlights collaborative pieces such as David Krueger and Ben Marcus's Love Man series. Related programs include a public reception on August 21 and artist residency hours throughout September.