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as costs rise dealers in asia take a pragmatic approach to fair participation

The article reports that two major Asian art fairs, Taipei Dangdai Art and Ideas and Art Busan, are currently running through May 11, but both have seen significant drops in exhibitor numbers. Taipei Dangdai is down 32% to 53 galleries, while Art Busan is off 16% to 109 galleries. Dealers cite rising costs, geopolitical uncertainties, and fair fatigue as reasons for a more selective, pragmatic approach to participation, focusing on regional fairs and transactional value over visibility.

hong kong fire arts groups asian art news

A devastating fire in Hong Kong's Tai Po neighborhood, which killed at least 151 people, has prompted a period of mourning and led several major cultural institutions to cancel or postpone public events. The Hong Kong Arts Festival and the Hong Kong Jockey Club Charities Trust cancelled a press conference for the "No Limits" program, while M+ rescheduled its "Night: Festive Play" event. Meanwhile, art fairs and galleries continue to announce developments: Kiaf Seoul will run concurrently with Frieze Seoul in 2026, Contemporary Istanbul will introduce a new Focus Asia section, and Art Basel Hong Kong 2026 will feature new sectors Echoes and Zero 10. In the market, On Kawara's "NOV. 27, 1984" sold for HK$8.5 million at Bonhams Hong Kong, and standout results were seen at Sotheby's Hong Kong.

Despite new autumn slot, Tokyo Gendai remains a largely local affair

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.

ISA Art Gallery and Fitri DK’s ‘Nine Kartinis of Kendeng’

ISA Art Gallery in Jakarta recently held the first exhibition in its 'Biophilia' series, titled 'Exquisite Corpse', which ran from February 14 to April 16. The show features works centered on nature and sustainability, with a standout piece by artist Fitri DK: two batik works titled 'Selamatan Bumi 1 and 2'. These works depict the 'Nine Kartinis of Kendeng', a group of women from Central Java fighting to protect their karst mountains from a cement factory that threatens their clean water supply. The exhibition draws its title from Elza Adamowicz's book on Surrealist collage, emphasizing fragmented, collective creation.