Asian art market matures as Hong Kong fair sees strong regional sales

theartnewspaper.com

Art Basel Hong Kong saw strong regional sales despite fewer Western buyers, reflecting a maturing Asian art market. The fair's director noted international VIP attendance remained stable, but European private buyers were scarce, with more US institutional representatives present. The event highlights Hong Kong's role as a stable hub, with new Asian institutions emerging and China's art market showing signs of stabilization.


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