World’s top collectors and art professionals attend ART HK: a testament to fair’s growing importance

ART HK 10 HONG KONG ART FAIR ART COLLECTORS ART MARKET

ART HK 10 was reportedly more festive than the ’09 edition due to its increasing ability to attract more high-profile and experienced collectors and curators from round the world, indicating its growing importance in the contemporary art arena of Asia.

ART HK 10 attracted many new comers this year.

“There’s been a major shift since last year in terms of the quality of the galleries exhibiting and the quality of the visitors. It’s a broader cross-section of nationalities and there are more serious and experienced collectors. We are pleased that people we met last year have come back to buy from us this year and this has been supported by trips to Asia between shows. We look forward to participating next year.” Daniela Gareh, Director of White Cube, London

Who were the collectors attending ART HK 10?

This year, the art fair attracted high-profile collectors from China, Japan, Taiwan, Korea, Indonesia, Singapore, Australia, across Europe and the United States. They included Thomas Shao and Li Bing (China); Sir David Tang and Monique Burger (Hong Kong); Richard Chang (New York); Dr. Gene Sherman of the Sherman Contemporary Art Foundation and Judith Neilson of the White Rabbit Foundation (Sydney); Susan Hayden and Nigel Hurst, Director of the Saatchi Gallery (London); and Sydney Picasso and Diana Picasso (Spain).

Some of the world’s most influential museum directors also attended the fair. They included Richard Armstrong (Director of Guggenheim Museum); Michael Govan (CEO and Wallis Annenberg Director of Los Angeles County Museum of Art); Joseph Thompson (Director of MASS MoCA); Olga Viso (Director of Walker Art Centre); Elizabeth Ann MacGregor (Director of the MCA in Sydney); and Jock Reynolds, (Director of Yale Art Gallery).

The fair also attracted specialist Asian curators such as Alexandra Munroe (Senior Curator of Asian Art at the Guggenheim), Maxwell Hearn (Douglas Dillon Curator at Department of Asian Art in Metropolitan Museum of Art), and Jan Stuart (Head of Asia at British Museum).

Some renowned curators attended an ART HK 10 talk organised by Asia Art Archive. They were Shinji Kohmoto (Chief Curator at the National Museum of Art in Kyoto), Yuko Hasegawa (Chief Curator at the Museum of Contemporary Art in Tokyo), Yukie Kamiya (Chief Curator at the Hiroshima City Museum of Contemporary Art) and Barbara London (Associate Curator at Department of Media and Performance Art in the Museum of Modern Art in New York).

ART HK 10’s sophistication evident in high quality works on show

The significant increase in the number of experienced collectors and curators coming to the event was the result of an expanded scale and an improvement in the of quality of the art being sold and displayed.

“This year’s ART HK had both significant scale and high quality of exhibitors and art. We were also very encouraged by the public interest and positive reaction to Deutsche Bank’s exhibition of recently acquired photography from its corporate collection.” Michael West, Deutsche Bank Head of Communications, Asia Pacific

On the other hand, the improved quality of galleries may also be indicative of the sophistication of art in Asia.

“We’ve met some very interesting collectors from other countries in Asia. The level of sophistication and interest in Western art is rising exponentially.” Ben Brown, Ben Brown Fine Arts, Hong Kong and London

Magnus Renfrew, director of the ART HK fair, spoke to the Jakarta Post stating that Hong Kong possesses two core strengths that have brought about the success of the fair, its quality and the geographical diversity of its participants. He elaborates:

“We chose Hong Kong as our location for a major international hub art fair over others in the region because this city has many advantages, such as the zero tax on the import and export for art, geographical location at the heart of Asia within easy reach of the collector bases from all over the region, English is commonly spoken, it is an exciting and vibrant city and there is probably nowhere in the world where people from Asia and people from the West feel equally at home.”

Art Radar Asia was determined to hunt down first-hand perspectives of galleries in attendance this year and spoke with 19 during ART HK 10. Reactions to the fair were as varied as the galleries we spoke with. Read what they had to say here.

CBKM/KN

Related Topics: events – fairs, venues – Hong Kong

Related Posts:

• ART HK 10 reports strong sales figures, lists major artworks sold – June 2010
• London’s Michael Hoppen pioneers photography at Art HK 10, pans Hong Kong gallery – interview – June 2010
• What did the galleries say about ART HK 10? Art Radar Asia speaks to 19 dealers – June 2010
• Fotan 2010 – a growing cluster of art studios in Hong Kong – February 2010
• Deutsche Bank signs 5 year lead sponsorship deal with ART HK – December 2009

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What did the galleries say about ART HK 10? Art Radar Asia speaks to 19 dealers

HONG KONG ART FAIR

Art Radar Asia attended ART HK 10 on Sunday with the aim of getting a perspective on the who is selling what to whom. Below we lay out the comments from and opinions of 19 of the Asian and international galleries in attendance this year.

Nadi Gallery – Jakart

Meli Angkapradipta: ”We got more sales this year. We brought around 18 pieces and only four are unsold. Most of our buyers are from Asia, mostly Indonesia. All Gede Mahendra Yasa’s works are sold. His works are very decorative and very natural. People can accept them very easily.”

Gede Mahendra Yasa, Cannabis-Canniballis, 2010

Ota Fine Arts – Tokyo

“I think this fair is getting stronger and stronger. About half of our nine pieces are sold at the price range of $2,000 to $380,000. The buyers are from Indonesia, Taiwan, Korea and Hong Kong. Yayoi Kusama’s work is very popular. We sold some new artist’s work too.”

Tang Contemporary Art – Bangkok/Beijing/Hong Kong

“We sold about forty percent of our works to Mainland, European, and US buyers. The most expensive piece was Liu Xiaodong’s painting.”

LEVY – Berlin/Hamburg

Thomas Levy: “Last year we brought some young artists and we sold nothing. I think [people] are buying well-know names or Chinese art. We sold 2 of 15 pieces. It’s not a disappointment but it could be better. The buyers are from Hong Kong but they are foreign people, no Chinese. It’s a problem of education and no modern art museum in Hong Kong and things like that. We are here to find new clients.”

Greenberg Van Doren Gallery – New York

“We’ve never done any fairs in Asia before. We really just want to get to know some of the collectors in Hong Kong and other cities around here. And I think we have met a ton of people. The sales haven’t been disappointing. Most of the collectors are from Asia and Australia. It’s just a very different set of people.”

Yayoi Kusama, Pumpkin, 2010

Galerie Forsblom – Helsinki

Karl-Heinz Horbert: “This year’s fair has much more people than last year. Our works have sold in the range of US$8,000 to US$400,000. Hong Kong is an international place and the buyers come from all over the place. The European fairs and the American have a long tradition, that means in the States and in Europe there are serious collectors talking about collection. People buy to keep. Where’s the public museum in Hong Kong? This is the big difference between the European and Hong Kong markets.”

The Modern Institute – Glasgow

“The fair is very well organized, very well attended and the sales have been good. I think overall it’s been very strong. We didn’t have any expectations really because we’ve never done this fair before. We have collectors in Japan and Australia. We don’t have any collectors in China, so coming to the fair we didn’t have any expectations. About eighty percent of the collectors are new. The new collectors are from Beijing, Shanghai, Taiwan and some new collectors from Japan. The price ranges from 10, 000 pounds to 100,000 pounds.”

Eslite Gallery – Taipei

Hai-Ping Chang: “The quality of the fair is getting better and better. And there is [a bigger] audience. We brought the works of seven artists from China and Taiwan. The sales are pretty good. Buyers are from Hong Kong and overseas.”

Sakshi Gallery – Mumbai

Geetha Mehra, director: “It’s a very good fair. Well organized, good quality of work. In terms of the sales there’s a bit of conflict from the auction. The buyers are mainly from Asia. The fair has more Asian buyers and more works from the region but overall the quality is as good as anywhere else.”

Roslyn Oxley9 Gallery – Sydney

Tony Oxley: “It’s a very good fair. It has a nice Asian flavor. The buyers are from Hong Kong and Europe. We’ve done pretty well with Tracey Moffatt. I think people prefer figurative arts rather than abstract. I think we’ll be coming more often now. The future is here.”

Bernier/Eliades Gallery – Athens

Hidy Lam Hoi Tik: “There are more Asian collectors at this fair. A buyer was from Shanghai, a friend of the artist Wang Xingwei. There’s a trend that collectors start to collect their friends’ works.”

Damien Hirst, Domine, Ne In Furore (Diamond Dust), 2010

Hakgojae – Seoul

“Last year was really bad for us. This year is really good. We sold 5 of 21 pieces. Two videos were sold to Hong Kong buyers for $30,000 each on the preview. Song Hyun-Sook’s paintings are really popular with Asian people.”

Thomas Erben Gallery – New York

“This fair is very well organized, very well attended. We don’t have any link [to] Hong Kong and very few of our collectors are from Hong Kong. We’re kind of jumping into cold water [to] see what happens, basically getting new contacts. The sales don’t quite cover the cost yet, but it’s a good start. Many of the buyers are Americans.”

Hanart TZ Gallery – Hong Kong

Marcello Kwan: “We’ve only brought Qiu Anxiong’s video The New Book of Moutains and Seas Part Ⅱ to the fair as we have our galleries in Hong Kong. Videos are a little harder to sell but there is a big audience, so it’s good publicity. Our works are more experimental than commercial. I think we bring something different to the audience.”

Marianne Boesky Gallery – New York

Adrian M. Turner: “We’ve met new people and we made some sales. It’s good. We sold about 10 of 20 pieces. The buyers are mostly from Asia. The prices range from $12,000 to $300, 000.”

Song Hyun-sook, 9brushstrokes, 2003

Galerie Zink – Berlin/Munich

“We’ve made some interesting contacts, sold mostly our Asian artists. It’s a little bit tough for young European or international artists from outside Asia to introduce them to people. Our artists are between 27 and 36 [years old]. It’s not that easy to get Asian collectors interested in their work for the first time. Collectors are mainly from Mainland China, Hong Kong and Australia. Yoshitomo Nara’s work sells the best.”

gdm – Paris

Claire Lauverier: “The opening is very social here. People are not here to buy the art works the first day. They are just here to enjoy the party. During the week it’s very low, very quiet, because I think people are working very hard. And during the weekend it’s like an explosion, everybody is coming. In other fairs it’s different. During the opening it’s like everybody is buying everything and afterwards it’s very quiet and very slow. People are much more direct here. If they are interested in buying something they’ll just say I want this, how much? Our buyers are mostly from Hong Kong and [the] mainland as well.”

Ayyam Gallery – Beirut/Damascus/Dubai

Myriam Jakiche, director: “More crowded, less interest selling wise compared to last year. Maybe because there are more galleries so there’s much more choice or something. Those bought are mainly colorful portraits. Buyers are mainly Europeans and Hong Kong people. I’m happy I know more people than last year.”

Gandhara-Art – Hong Kong/Karachi

Amna Naqvi, director: “It was more fabulous this year. We brought 13 pieces and 8 were sold. Buyers are from Asia and Europe. New buyers are from Asia. The price range of the works sold is $1,500 to $50,000.”

Overall, most participant galleries agreed that the quality of art available at ART HK is getting better and there was a much larger audience than last year. Many commented that while the fair is international, there are more Asian collectors and works than at European and US fairs. Notably, these Asian collectors tended to buy Asian works or the big names of international art. When compared with ART HK 09, the Asian galleries were more satisfied with their sales this year.

YNC/KN

Related Topics: business of art, collectors, events – fairs

Related Posts:

• Asia Art Forum 2010 meets growing demand for collector education in China – Jing Daily – May 2010
• Hong Kong hailed as art’s Promised Land by Art+Auction Magazine – April 2010
• Surprising sell-through rates for Chinese art recorded in London’s February auctions – March 2010
• Colin Chinnery, director of ShContemporary, on future of Shanghai Art Fair – interview Artron – January 2010
• Deutsche Bank signs 5 year lead sponsorship deal with ART HK – December 2009

Subscribe to Art Radar Asia for more on the contemporary art market in Asia

More art, better art, riskier art at Art HK 09

HONG KONG ART FAIR

“What do you think of the art fair this year?” Advisors, fair visitors, writers and artists graciously suffered our question ‘du jour’ for the duration of the much-anticipated second edition of Art HK.

Tipped to be the Art Basel of Asia after its successful inaugural edition in 2008 we, along with art market participants around the world, were curious to know if this year’s show was still on track to fulfill its promise.

There was more art on offer this time with 110 participants (up from 101 in 2008) and there was a consensus view that the show was well-organised. “The management of the show is slick, very slick,” said a reporter from an established London-based arts magazine.

Whether it was the latent potential of the Asian market or the polished work by organisers Asian Art Fairs Ltd , a collaboration between Single Market Events, Andry Montgomery and Will Ramsay of Pulse Contemporary Art Fairs, prestigious galleries such as New York’s Gagosian and London’s White Cube signed up for the first time this year in an unexpected coup for a fair so early in its career.

But what about the quality of the art? Did it hold up against the top international art fairs? What did galleries dare to bring to a new market in the midst of a wrenching recession? How safe did they play it?

The answer: Happily not very safe at all. The utilitarian convention centre hall venue was filled to the rafters with eye-sizzling  non-decorative pieces: intriguing installations vied with over-sized multi-media works and towering sculptures.

Last year Amelia Johnson Contemporary sold Macau-based Russian artist Konstantin Bessmertny’s  popular paintings  like sweets. The year she also showed his more demanding enormous horse sculpture/installation/performance piece Momentum pro Aliquis 2008/9, a riderless Renaissance horse in wood.

“It is much, much better than last year” said a Hong Kong-based art advisor with 15 years of experience. “It is more cutting edge, much riskier”. Managing editor of Orientations magazine, Hwang Yin agreed “Yes the quality of the art is far better this year, less Chinese painting. The work on show is much more interesting.”

Even a Hong Kong hedge fund manager fair visitor who has not purchased an artwork in 10 years noticed the difference. “The quality is up several notches compared with last year. I found plenty of ideas and I am thinking of buying a piece this time”.  An account manager for a London-based arts magazine visiting the fair for first time said she liked the art at the fair because it is ‘international’ and was particularly intrigued by the Korean works because of their novel use of space and materials.

While feedback was overwhelmingly positive, there were a few stray, albeit muted, dissenters. A young highly-regarded Asian curator was less enthusiastic: “I think the art could be better but to be honest I am biassed. I have a problem with fairs anyway as I come from a non-profit background. But I can say that the work at Green Cardamom is stellar and The Drawing Room is showing some interesting pieces too”.

Hong Kong artist James Feldmanblogged unhappily about the Ferdinand Botero-like fat figure sculptures and the ‘saccharine kitsch’ from Beijing. But he did like Baselitz and Schnabel: “they stood out like a couple of grizzled WWII vets swaggering through a kindergarten”.

Surprise was the response of renowned Biennale-exhibiting artist Din Q. Le from Vietnam whose solo show South China Sea Pishkun at 10 Chancery Lane opened during the fair. “I am taken aback by the enthusiasm for the fair that everyone is showing. In the west the art scene is kind of depressed.”  

Hong Kong is known for its energetic, can-do culture and maybe that accounted for some of the fizz and excitement.  But for Johann Nowak of DNA Berlin, it was the future opportunities offered by the Asian art market which made his voice bubble with excitement as he talked to us. He believes Hong Kong is the ‘perfect place in every way’ for an art fair. ‘It is just perfect’. Pressed for specifics he came up with a benefit new to us: he explained that one of the key advantages of Hong Kong  is that “there are no dominant galleries in the town” allowing a level playing field and equal opportunities for visiting galleries. ”There are no gallery intrigues, that is what makes Basel work so well too”.

And what about sales? 

Reuters  focussed on the performance of the major international galleries in the first days of the fair and reported ‘notable sales’ such as the  Gilbert and George ‘Gingko’ piece bought from White Cube by an Asian collector for GBP325,000. For a rounded view, Art Radar approached a few of the other lesser known and Asian galleries on the last day of the fair.

Tokyo-based Yamamoto Gendai said “We have not sold so many pieces here, about 5” and German gallery Levy reported just one sale. Korean art specialist Cais Gallery who participated last year too said they had sold 4 to 5 pieces in the US$4-8,000 range. “It is slow compared with last year, fewer collectors”. Another Japanese gallery sold 5-6 pieces in the US$5-20,000 range with much interest shown in Hiroshi Sugimoto’s photographs. Beijing -based Aye Gallery sold 7 pieces.

In terms of sales, this was a “bits and pieces” fair and on the last day the mood was less buoyant than suggested by early press reports. Nevertheless the galleries remained firmly committed to the fair because of ‘the quality’. According to Novak, this year making sales is less important than networking and exposing work to institutions and international collectors. “Next year is the year to watch sales.”

Related links: Images on Flickr, 80 images on Arrested Motion blog,

Related posts:

• Newslink round up – Art HK 09 – May 09
• Art Dubai 2009 – who sold what to whom? – Mar 09
• Shanghai art fair goes ahead despite advice to cancel – Mar 09
• Who are the top artists at art fairs? – Mar 09
• Newslink round up Arco Madrid 2009 – Feb 09

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Newslink roundup Hong Kong art fair – Art HK 09

  

 

Mu Boyan, Nude No 2

HONG KONG ART FAIR NEWS

Flu Season – Artforum – 24 May 09 – Must read – This gossip column-style drily written piece, complete with photos of Asian art scene-shapers, takes a comprehensive look at most aspects of the fair: management (white plastic and undrinkable wine), gallery sales (“Art HK winners: major Western galleries, local Hong Kong galleries. Big losers: major mainland galleries.”), the parties (one a victim of its own exclusivity) and the panels (a big thumbs up).  Not much written about the art itself though.

Art market reporting is notoriously conflict-ridden. Business class tickets and VIP jollies for journalists are not unknown and big ad bucks in harsh economic times also make a potent lure for bias. There is not much evidence of (or opportunity for) independent research: most of the hard data about sales and visitor numbers comes from galleries and event promoters who have an inherent commercial conflict.

Now that the ‘blog reader beware’ warning is done with, grab a handful of salt and enjoy the read.

There is some interesting coverage of lesser known Asian-based artists by the New York Times and read (the more honest??) comments by the Asian galleries about sales which are at odds with those of the Western galleries – this is covered in several of the pieces. Overall the reviews are mostly positive (of course) but for what it is worth we thought both the art and the  fair management were excellent in this second edition of the show.

 

 

Art fair saw 31% rise in visitors and several major sales – South China Morning Post – May 20 09 – Gives details of visitor numbers (sourced from the fair managers) and specific big sales claimed by Western galleries and Western artists. A Korean gallery reported few sales.

An artistic quest in high gear – International Herald Tribune / New York Times – May 20 09 – Must read – Interesting piece with a focus on the art on display, with a refreshing emphasis on lesser known Asian artists such as Konstantin Bessmertny, a Russian artist based in Macau. Several images.

More art, better art, riskier art at Art HK 09 – Art Radar Asia – May 19 09 – Report on visitor opinions of the fair this year, gallery sales (weak for lesser known and Asian galleries), the management of the fair (better) and quality of the art.

Artist makes sure fair goes with a bang – South China Morning Post – May 20 09 – Short piece about avant-garde artist Chow Chun-Fai’s 2 performance pieces hosted by Shanghai Tang.

Art HK 09 –  George Chen – May 17 09 – Set of photos on Flickr

Asian auction houses starting to come of age – South China Morning Post – May 17 09 – Brief piece about auctions staged to coincide with the Hong Kong art fair (Est-ouest Auctions and the inaugural Asian Auction Week – a joint auction by Korea’s K Auction, Japan’s Shinwa, Kingsley’s from Taipei and Larasati from Singapore).

The second edition – Financial Times – May 16 09 – Describes art on sale and sold half way through sale.

Hong Kong Art Fair – Art World – June/July 09 – promotional blurb with a list of Australian galleries

Solid start to Hong Kong art fair despite downturn – Reuters – May 16 09 – Brief report on ‘notable sales’ in fair’s first days – This Uk edition focuses on sales (at the top end with values at tens and hundreds of thousands US$ per piece) of Western artists by top London and New York galleries including Damien Hirst, Gilbert and George, Julian Opie.

Opening HK art fair – Arrested Motion blog – May ? 09 – More than 80 images of works on show at the fair – Unfortunately not tagged but it gives a flavour of what exhibitors have brought.

Art HK 09: Hong Kong International Art Fair has a good start – Artdaily –  May 15 09 – List of artworks sold on first day – Reports ‘robust sales’ and a ‘heady atmosphere of excitement’. Sales by Damien Hirst, Gilbert and George, Kohei Nawa, Fang Shao Hua, Ron Arad.

Hong Kong Art Fair Part 11 – Illustrator James Feldman blog – May 15 09 – Acerbic blog piece about weak and strong art at the fair – Baselitz and Schnabel stand out against bloated ‘reverse engineered Botero’ sculptures. Hong Art Fair Part 1 drily discusses the pecking order of tickets – ‘I have a pink ticket and a black ticket and I can’t work out which is more exclusive’.

Tennis art at the Hong Kong International Art Fair – NY Times Globespotters – May 14 09 – Short feature about live demonstration of Martina Navratilova creating one of her tennis ball paintings –  She has been making these with fellow Czech and artist Juro Kralik since 2000 but has only recently started to sell the works.

Strange Hong Kong art fair – Detroit Free Press – May 13 2009 – A set of 6 images, mostly sculptures at the fair and the concurrent Seoul Auction. Artists Mu Boyan, Yi hwan Kwon, Yayoi Kusama, Damien Hirst, Lin Yilin.

Insider Art Fair – Artinfo – May 13 2009 – Short list of artists’ works and prices brought to the fair by leading galleries.

 Prefair coverage

Much of the prefair coverage republishes the press release or gives other repetitive promotional content. A couple of links covering the basics are given here and a more complete list can be found on the Hong Kong art fair site.

Magnus Renfrew on ArtHK09 – Artinfo – May 12 2009 – Pre-fair interview with director Magnus Renfrew. Great questions, predictable answers. Content is mainly promotional but does cover failure to get sponsorship this year. Claims Hong Kong is superior location in Asia for art fair: well-positioned geographically to tap mature collector groups in Taiwan and South Korea as well as latent potential of future Chinese market; tax benefits.  Gallery mix is 65% Asian, 35% international. MR also claims that HK art fair is more regional than competing fairs.

Hong Kong’s contemporary art fair – Financial Times – May 9 2009 – A somewhat promotional pre-fair piece which lists participant galleries and side events.  Based on a news angle which suggests Hong Kong (and environs) is a rising star in Asian art scene. Evidence for its growing importance as a cultural hub is given as 1) Guangzhou Triennial “widely considered China’s most important art event” 2) last year’s budget approval by HK government for the development of West Kowloon cultural district –  a 40 hectare site for the arts 3) Hong Kong has become third largest art market by auction sales in world 4) last year’s introduction of ArtHK, Hong Kong art fair.

 Related posts:

• Art Dubai who sold what to whom? 15 galleries talk to Art Radar – Mar 2009
• Who are the top artists at art fairs? – Mar 2009
• Arco Madrid art fair newslink round up – Feb 2009
• Which are the top 10 international contemporary art fairs? – Jan 09

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