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Contemporary art trends and news from Asia and beyond

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Posts Tagged ‘art Hong Kong’

Artnet chooses Hong Kong as debut venue for new venture – Art Radar scoop interview

Posted by artradar on October 10, 2010


ART PRICE DATABASE DEALER NEWS

Artnet group, the leading art price database and online art auction company has chosen the year 2010 to branch out into a brand new venture: art dealing. And it chose a surprising venue for its debut.

 

Artnet booth at Hong Kong International Art and Antiques Fair 2010

Artnet booth at Hong Kong International Art and Antiques Fair 2010.

 

In a brief chat with Max Wolf, Modern and Contemporary Specialist in the Artnet booth at Hong Kong International Art and Antiques Fair 2010, Art Radar learned more about the ambitious plans Artnet has to break into high-priced art dealing and what has surprised the Artnet representatives about the collectors they have met on their first visit to Hong Kong.

Most people know you from your Price Database but this is a new venture?

It has spawned from our online auctions. We found a need to extend from our private treaties with dealers and collectors and a lot of the galleries on our website who perhaps don’t want to sell the work on the website, perhaps because it is a more significant work.

Yes, so this is the first time that we are showing work which we are not necessarily putting online for sale.

This is the first time you are in a fair?

Exactly.

Why did you choose this fair?

It seemed to align itself with this collection we are offering … this complete set of Warhols.… Hong Kong seemed like an ideal venue and it just serendipitously worked out with the timing that it just made sense…

Right. So how has your experience been?

Great, we have had considerable interest from a handful of collectors. We shall see; today should be pretty revealing…. We took the less-is-more approach and I think this has worked out well for us. We have this Warhol portfolio, a Haring, another Warhol and two Ashers.

What do you propose to do with this new arm? What do you hope for your new venture?

Sales! Of course. (laughs)

And apart from that (laughs) do you plan to go to more fairs in the future?

Absolutely.

Which fairs would you like to try?

Well, depending on how this works out…. But with our online auctions and our private treaty sector of the business this seems like the natural progression for us.

What is your background in art?

I am one of a handful of auction specialists with Artnet.

So you didn’t come from the art world to Artnet?

Yes, I came with an auction background and was hired by Artnet to become an online auction specialist. There are six of us specialising in photography, unique painting works and prints.

How is that going?

Our online auctions are doing really really well. It seems that we are a panacea for the economy in a downturn. We are useful to collectors who don’t want to wait six months to consign a piece to a bricks and mortar auction house and then wonder whether it will be bought in. And then they have to pay for shipping and insurance even if it is bought in. With us they send us a .jpeg and within two weeks have money in [their] pocket.

That is great, great for the art world, great for collectors.

It is great. We have really enjoyed seeing the diversity of buyers. We sell to a lot of dealers but we also sell to private collectors, new buyers [and] new young collectors from all over the world…. From Australia, Kazakhstan, from all over. You would be surprised at the breadth.

You must have a great deal of information about where new collectors are coming from, the data…

Yes, the data that our technical team can gather, where and when is pretty impressive…

Have you been to Hong Kong before?

No.

What kind of collectors have you met over the last three days?

A wide variety but we have seen a considerable number of serious collectors from Taiwan. We were surprised…. We thought we would see more Mainlanders but we have seen Taiwanese and local Hong Kong collectors, some Koreans and Brits, but we were surprised by the size of the Taiwanese presence.

About Artnet services (source: Artnet website)

In the mid 1980s Artnet developed its first product, the Price Database. Today the Price Database has a broad base of customers dominated by major auction houses, art dealers, museums, and insurance companies. Representing auction results from over 500 international auction houses, the Price Database covers more than 4 million auction results by over 188,000 artists, ranging from Old Masters to Contemporary Art.In 1995 the company transitioned the Price Database to the Internet and introduced a second product, the online Gallery Network, building and hosting websites for art dealers and galleries on its platform. In 1999, the online auction business was launched and now has 60,000 collectors visiting the site each month.

KCE/KN

Related Topics: auctions, Market watch, collectors, Hong Kong

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Posted in Auction staff, Auctions, Business of art, Hong Kong, Interviews, Market watch | Tagged: , , , , , , , , | 2 Comments »

Deutsche Bank signs 5 year lead sponsorship deal with ART HK

Posted by artradar on December 8, 2009


HONG KONG ART FAIR SPONSORSHIP

The May 2010 incarnation ART HK will only be the international art fair’s third event, but it has already earned the confidence-and sponsorship- of Deutsche Bank, the largest bank in Germany, which has recently signed a 5 year sponsorship deal with the young but promising Hong Kong art fair. Their enthusiasm for the fledging fair is understandable; ART INFO reports that in May 2009 (an uncertain time for art!) 27,856 people visited ART HK over four and a half days to view 110 galleries from 24 countries. In all, this accounts for a 31% jump in attendance over the inaugural fair in 2008.

Regarding the sponsorship, Michael West, Deutsche Bank’s head of communications for Asia Pacific, comments:

“Our sponsorship of ART HK is a reflection of both the scale and growth of Deutsche Bank in the Asia Pacific region and our longstanding global commitment to the arts… The success of ART HK in 2008 and 2009 demonstrates the high level of demand for a world-class art fair in the region.” –ART INFO

Regarding Deutsche Bank’s  sponsorship  of ART HK, Magnus Renfrew, the director of the fair who was profiled among 15 individuals without whom “the art world wouldn’t spin on its axis” in Art+Auction’s December 2008 Power Issue, comments:

“Globally, galleries are looking for new opportunities to expand their markets and increasingly are looking towards Asia… ART HK is now well established as a high-profile fair with proven high-quality attendance and solid sales results… Deutsche Bank’s involvement is a ringing endorsement of the solid foundations that we have laid in Asia to date. Our shared vision and active partnership will bring us one step closer to further affirming ART HK’s position as one of the leading art fairs.” –ART INFO

Deutsche Bank: a long-time art patron

Deutsche Bank is a well known patron of the arts, and controls one of the world’s largest corporate contemporary art collections, which is comprised of about 50,000 artworks from the 20th century. With the motto “Art Works,” the bank has maintained a pro-art agenda for the past three decades, making these artworks accessible to the public worldwide. It also collaborates with the Solomon R. Guggenheim Foundation on the Deutsche Guggenheim in Berlin.

And here’s what sources are saying about ART HK…

‘ART HK 09, raised its game at its second edition…It seems that by common consensus dealers from across the world have decided that the only viable venue for a pan-Asian international art fair is Hong Kong.’
Apollo

‘Hong Kong emerged as the one to beat in Asia…ART HK, located in a city noted for its transparency and ease of conducting business, will become a dominant force in the region.’
ArtAsiaPacific

‘….in a very short time Hong Kong will be the most important art trade fair in the world.  In fact – this could be the Art Basel of Asia.’
Die Welt

‘ART HK has won the battle to be the destination art fair for Asia’

The Art Newspaper

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Posted in Asia expands, Business of art, Corporate collectors, Fairs, Funding, Globalisation, Market watch | Tagged: , , , , , , , , , , , , | Leave a Comment »

Property companies splurge on art in Hong Kong, recent trend

Posted by artradar on June 4, 2009


ART SPONSORSHIP HONG KONG

At the end of last year Time Out noticed a new trend in Hong Kong,

one with its own strange momentum. Property companies appeared to be competing with one another to sponsor the arts.

Zhang Yu, A One and a Two

Zhang Yu, A One and a Two

When the Olympics surged into town in August 2008, the Sun Hung Kai Charitable Fund revealed their City Art Square in Sha Tin, a 190,000 square foot area developed in association with the Leisure and Cultural Services Department (LCSD), featuring 19 public art works by international and local artists (from Zaha Hadid to Freeman Lau). The project won a prestigious Cityscape Architectural Award, and brought a welcome dose of innovation to the New Territories.

There were also exhibitions in Causeway Bay as Wharf, owners of Times Square, launched a series of high profile exhibitions in the development’s public space.

Meanwhile, the Sino Group continued with their award-winning Art in Hong Kong campaign, sponsoring art projects and holding exhibitions in their properties.

Joaquin Gasgonia Palencia, Red Horse

Joaquin Gasgonia Palencia, Red Horse

Even The Link launched the Artsmart fair in Stanley.

But in December, Swire Properties dropped their arts bombshell.

Following their consistent support of the arts since the 1970s, they opened ArtisTree, an astonishing 20,000 square foot space in Taikoo Place dedicated to visual and performing arts.

The opening exhibition (showing until the end of January) was Dame Vivienne Westwood’s retrospective exhibition ‘A Life in Fashion’, organised in conjunction with London’s Victoria & Albert Museum. Just to rub it in the face of the LCSD, the Museum of Art had turned down the chance to hold the same exhibition several years ago.

Essentially, here was a property company doing the work of an art museum.

And looking forward in 2009

one of the most unusual property-art events of the year will occur in autumn when an ‘Art Mall’ will open in the new K11 development in Tsim Sha Tsui. The project is a partnership between New World Development and the the Urban Renewal Authority.

“K11 is probably the first art mall in the world, combining an art gallery with a shopping mall,” explains Adrian Cheng, Executive Director of New World Development. The art loving 28 year old and driving force behind the project promises to showcase artworks by local and international artists throughout the mall.

“TST has the Cultural Centre and Museum of Art, and K11 is the main force to integrate the art and cultural elements of TST, so that the district becomes the ultimate cultural district in Hong Kong, like Tribeca or Soho [in New York],” adds the young developer. “Giving local artists the resources and platform to display their masterpieces is the main vision for K11 to promote local art.”

There is a tradition of arts sponsorship by Hong Kong property companies pioneered by Hong Kong Land,  but now there is a new ‘splurge’ which brings with it some risks. Read more at Time Out

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Photography, symbols and emerging artist – Top ten shows in Hong Kong September 2008 part 3 – Saatchi Online

Posted by artradar on September 12, 2008


EXHIBITIONS HONG KONG 

 

Lai Nga-Yu (Alice): The Garden
7 September to 21 September 2008
Space One, Fotan Arts District

The vibrating fizzing colours of Hong Kong artist Alice Lai’s Kandinskyesque abstract works shimmer with energy and express her love of life: “Our existence must be celebrated” she says. Lai uses negative space and pattern in her acrylic on canvas works to create entrancing fantasy other world landscapes filled with ovoid shapes and craggy lines. This is the first solo show for this promising graduate of the Chinese University in Hong Kong and Leeds University in Britain.

 

Ryan Wong: The Race
Blue Lotus Gallery, Fotan
7 September to 21 September 2008

While you are over in the Fotan warehouse arts district, be sure to check out renowned film and documentary maker Ryan Wong’s photographic show ‘The Race’ in Space One’s sister gallery Blue Lotus. Personal assistant to Jet Li, Ryan Wong has worked with a host of stars in his career including Nicole Kidman and John Woo. Timed to coincide with the start of Hong Kong’s racing season, his show contains rich dramatic shots in which he conserves split seconds in the shifting action of race meetings. Through these images, like motion picture stills, Ryan Wong teases us with flashes of anticipation, absorption and jubilation showing us the exhilarating escapist drama of a race meeting.

 

 


Shao Yinong: Between Sky and Earth – White Dew
10 Chancery Lane Gallery
4 September to 11 October 2008

‘Between Sky and Earth-White Dew’ is one part of a twenty-four part exhibition, planned internationally, in which Shao Yinong explores the Chinese Lunar Calendar. Offering a fresh interpretation of Chinese ideology, this almost experiential installation is made of one continuous painting of traditional Chinese cloud symbols in muted colours, sometimes on silk and sometimes direct on the walls, wrapping the gallery and its corridors as if drawing visitors into a mist that seems to settle wherever it falls. “White Dew” is the first solar date on the Chinese Lunar Calendar that signifies the sudden change in temperature at the start of autumn, forming morning dew so dense that it appears white. Shao Yinong, better known as part of duo Shao Yinong and Muchen who have exhibited in the Pompidou Centre, Shanghai Art Museum and the Mori Museum in Japan, uses “White Dew” as a delicate symbol to explore issues of transition, illusion and change in the modern East.

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