Auction houses in China are pushing further into the Modern and Impressionist Markets, the South China Morning Post reports, part of an attempt at beating a sales slump that has plagued the market in recent months.  “Selling Impressionist and modern art will be great business for us, as the artworks are traditionally very highly priced,” says Hu Yanyan, president of China Guardian Auctions and China Guardian (HK) Auctions. (more…)

Daniel Arsham at Galerie Perrotin, via Art Basel

Following a hectic weekend of events and openings, today caps the final day of Art Basel Hong Kong, bringing strong sales and attendance at the sixth edition of the massive Asian market event. (more…)

Aaron Curry, Vertical Wood Sculpture (2013), via Almine Rech

Just one week after The Armory Show closed its doors in New York, the sixth edition of Art Basel Hong Kong is preparing to open halfway around the world, with many familiar names vying to court collectors from Asia, Oceania and abroad.  The fair, which shuffled its calendar this year in response to the Venice Biennale opening in early May, is presenting something of a scaled-back experience this year, running just three days from Sunday to Tuesday, but should nevertheless prove successful as one of Asia’s largest art fairs. (more…)

Phillips  has announced plans to open its first location in Hong Kong, an expansion that sees the company living up to claims that it wants to be more aggressive in the current market.  “We are going to do our best to align Phillips with these new contemporary art movements worldwide,” says recently appointed CEO Edward Dolman.  (more…)

Zhang Xiaogang, The Prisoner of Book No. 5 (2014), Courtesy of Pace Gallery

One of the major artists tied to the recent boom of Chinese contemporary art, Zhang Xiaogang has gained some impressive recognition in the last decade, proven in particular by his recent auction record.  Referring to certain Western styles of Surrealism and German Expressionism, Ziaogang has been delivering a body of visually captivating figurative paintings, building a signature style from hybridized forms of the subliminal and the physical in human consciousness. (more…)

Jean-Michel Othoniel, Double Collier Autoporté Or (2014), all images courtesy Galerie Perrotin Hong Kong

On view at Galerie Perrotin, Hong Kong is a solo exhibition of sculptures by French contemporary artist Jean-Michel Othoniel. For the works, great hanging sculptures composed of glass that Othoniel made in collaboration with a Feng Shui Master. Seeking to create forms that originate in human life, the works seek to achieve a symbiosis with the space that they inhabit.

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The New York Times documents a new trend in galleries’ approach to setting up space in Hong Kong: focusing on small exhibition spaces and tighter exhibitions to draw interest while remaining economically flexible.  “We’ll have exhibitions about four or five times a year, but an exhibition can be three works or four works,” says Pace chairman Arne Glimcher of his gallery’s new Hong Kong space. “Or if it’s watercolors or works on paper or small sculptures, it can be 10 works.” (more…)

Qingtai Hu at Shanghai, All Images © MCH Messe Schweiz (Basel) AG

After a hectic week, the Art Basel Hong Kong event is winding down, leaving behind it a record of strong sales and high-profile attendees, continuing the fair’s prominent footprint in Hong Kong’s ever-strengthening draw for collectors and artists.  Pi Li and Doryun Chong of the M+ Museum could be seen browsing the works, as well as Uli Sigg, Takashi Murakami and Carsten Nicolai, who had just opened his astounding installation at the International Commerce Center. (more…)

A rendering for Carsten Nicolai’s Alpha Pulse, via Wall Street Journal

Coming hot off the heels of Frieze New York, Art Basel’s growing Hong Kong fair opens this week, shifting the art market’s attention halfway around the globe for the newest entry in the Basel fair franchise as it prepares for its second year. (more…)

Sotheby’s saw impressive results this weekend at its Modern and Contemporary Asian Art auction in Hong Kong, with total sales topping $86 million.  World Record prices were achieved for 8 artists up for bidding that night, including a $12.1 price tag for Zhang Xiaogang’s Bloodline: Big Family No. 3. (more…)

Hong Kong’s M+ Museum has received a major gift of 37 contemporary Chinese works from the collection of Guan Yi, one of the nation’s most significant collectors.  The donation includes a number of important works, most notably the entire checklist from the 2003 Venice Biennale Exhibition Canton Express.  “Guan Yi’s generous donation is a marker of the trust and respect that M+, Hong Kong’s future museum for visual culture, already holds within the international artistic community, and signals building global anticipation for the first museum of its kind in Asia – already housing one of the most important collections of Hong Kong and Chinese contemporary art worldwide,” says Michael Lynch, West Kowloon Cultural District Authority’s Chief Executive Officer.  (more…)

Yutaka Sone (Installation View), via David Zwirner

Yutaka Sone’s marble scale-models of some of the world’s most famous island cities are now on display at David Zwirner’s London gallery. The show, entitled Sculpture, includes replica banana trees and three of Sone’s city replicas: Hong Kong Island (Chinese) (1998), Little Manhattan (2007–2009), and Venezia (2013, brought together for the first time. The three marble works span over twenty years of the artist’s practice, and have each taken years of painstaking labor to produce. (more…)

Do Ho Suh, Specimen Series: 348 West 22nd Street, New York, NY 10011, Corridor, Radiator (2013), Courtesy Lehmann Maupin

On view at Lehmann Maupin Hong Kong is a solo exhibition by Korean artist Do Ho Suh, coinciding with his installation Home within Home at the National Museum of Modern and Contemporary Art in Seoul.

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An auction at Sotheby’s Hong Kong location has set a new record for the highest selling Asian contemporary artwork, after painter Zeng Fanzhi’s The Last Supper achieved a $23.3 million final price, more than doubling its estimate.  It sold as part of an evening contemporary art auction that achieved an impressive total of $145 million in sales. (more…)

As auction houses clamor to enter the Chinese art market, a number of independent auction houses have already sprung up in Hong Kong.  Focusing on narrow, more focused thematic sales, companies like Spink Phila China, China Guardian and Bonhams have sought to capture a larger size of the already thriving market for art and antiques.  “Once I was in London visiting Sotheby’s, and I was told they are jealous of China Guardian since some of their international markets are narrowing while our market is expanding,” said Kou Qin, director and vice president of China Guardian. “China’s economy is booming while other countries have been depressed over many years.” (more…)

Both Christie’s and Sotheby’s are planning exhibitions of smaller works by Andy Warhol in the Chinese cities of Shanghai and Hong Kong, respectively.  The exhibitions, which are set to open next month, will include a number of the artist’s lower-priced works, intended to encourage private sales.  “In our first online Warhol sale in February, 8 percent of bidders were Chinese, a higher percentage than we have previously seen,” says Amelia Manderscheid, associate specialist on e-commerce for Christie’s. (more…)

Jake & Dinos Chapman, The Sum of All Evil (Installation View), courtesy White Cube Hong Kong

Currently at Hong Kong’s White Cube, British artists Jake & Dinos Chapman are exhibited The Sum of All Evil, the artists’ first in China, including a group of lurid, bizarre dioramas alongside their familiar series of “reworked paintings.”

Jake & Dinos Chapman, One Day You Will No Longer Be Loved (that it should come to this…) (2010), via White Cube

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The M+ museum in Hong Kong’s developing West Kowloon district has announced that it will appoint Doryun Chong as its head curator.  Mr. Chong is currently serving as the associate curator of painting at MoMA, where he organized shows of work by Ernesto Neto, Bruce Nauman, and Henrik Olesen.  He will also oversee the completion of the M+ project, working under Dr. Lars Nittve. (more…)

Xavier Veilhan, Mobiles (Installation View), via Galerie Perrotin

Galerie Perrotin in Hong Kong is currently presenting a solo exhibition by French sculptor, photographer and painter Xavier Veilhan, the first exhibition by the artist to focus exclusively on his mobiles.  Combining a selection of past work with a series of new installations created specifically for the exhibition, Veilhan explores the mobile as a fluid continuation of his work on the intersections of geometric form and three dimensional space. (more…)

The winning design has been announced for the M+ Museum in Hong Kong, an inverted “T” by Pritzker Prize winners Jacques Herzog and Pierre de Meuron.  Featuring 183,000 square feet of exhibition space, the design will be more than twice the size of the Tate Modern, and will stand as the centerpiece of the expanding cultural district in the West Kowloon area of the city.

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Takashi Murakami (Installation View), via Galerie Perrotin Hong Kong

After 20 years of collaboration, Galerie Perrotin Hong Kong and Takashi Murakami present what will be the artist’s 9th solo show at the gallery, featuring new paintings he created under his alter-ego Mr. Dob, as well as self-portraits of Murakami surrounded by his own characters.

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The late Chinese artist Zhang Daiqian saw impressive auction results this week during both Christie’s and Sotheby’s auctions of contemporary Asian art in Hong Kong.  Daiqian’s Lotus work, consisting of four painted scrolls more than five feet high, sold for five times its estimate at $10.4 million during Christie’s auction yesterday.  In addition, an auction dedicated solely to works by Daiqian reached $42 Million in sales at Sotheby’s on Monday.  Zhang currently stands as one of the top-selling artists at auction worldwide. (more…)

Hong Kong Convention Center, site of the Art Basel Hong Kong Art Fair, via Forbes

With the closing of the doors at the Hong Kong Convention Center this past Sunday, the first edition of Art Basel Hong Kong was brought to a conclusion after a flourish of strong sales, critical praise, and notable attention for the art fair giant’s first foray into the Asian continent.

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Hong Kong Convention Center, via Art in America

Tomorrow, Art Basel Hong Kong will open its doors to the public, inaugurating the expansion of the company’s impressive range of art fairs into the Far East.  Situated at the Hong Kong Convention Center, the fair has brought collectors and galleries from the world over to the heart of this bustling metropolis, for a week of art sales, talks and special projects, all with a particular focus on the contemporary art world of the Asia-Pacific region.

Hong Kong’s Inflatable Rubber Duck, via CNN

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