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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ART HK 10 reports strong sales figures, lists major artworks sold

ART HK ART FAIR SALES ARTWORKS LISTED

Strong sales figures have been reported since the third Hong Kong art fair drew to a close in late May this year. Million dollar sales of artwork by Zhang Xiaogang and Damien Hirst, plus high-priced sales of works by Anish Kapoor and Yoshitomo Nara, suggest the event is now able to comfortably position itself as one of the world’s top art fairs.

“It’s our second time at the Fair and sales this year are up 100%. We sold to collectors from Japan, Taiwan and Beijing. I think the fair has increasing energy in the way Miami Art Basel had when it launched,” Johann Nowak, Director, DNA, Berlin.

A post-event press release from ART HK 10 listed six major transactions made at the event:

The Inescapable Truth (2005) by Damien Hirst, sold by White Cube for £1.75 million.

The Inescapable Truth (2005) by Damien Hirst is the first formaldehyde work by the artist to be shown in China.

Green Wall – Husband and Wife (2010) by Zhang Xiaogang, sold by Pace Beijing for US$1 million.

Zhang Xiaogang's Green Wall - Husband and Wife (2010)

More Light (1988) by Sean Scully, sold by Galerie Lelong for US$750,000.

Untitled (2010) by Anish Kapoor, sold by Lisson Gallery for £550,000.

Composition with Bamboo and Grass (2007-08) by Liu Ye, sold by Sperone Westwater for US$650,000.

Liu Ye's Composition with Bamboo and Grass (2007-8)

Rock’n Roll the Roll (2009) by Yoshitomo Nara, sold by Marianne Boesky Gallery for US$350,000.

Yoshitomo Nara's Rock'n Roll The Roll (2009)

Gallerists and dealers had a mostly positive response to this year’s fair and what they had to say seems to mirror the high sales figures reported.

“The response to our solo exhibition by Liu Ye exceeded my expectations. Sales were made to new collectors from Hong Kong, China, Indonesia, and Singapore and to a prominent New York collector. There is so much positive energy here. We look forward to returning next year,” David Leiber, Director and Partner, Sperone Westwater, New York.

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

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, market watch, venues – Hong Kong

Related Posts:

• London’s Michael Hoppen pioneers photography at Art HK 10, plans Hong Kong gallery – interview – June 2010
• What did the galleries say about ART HK 10? Art Radar Asia speaks to 19 dealers – June 2010
• Surprising sell-through rates for Chinese art recorded in London’s February auctions – March 2010
• Performance of Asia tops West for first timers at auction in 2008/09 – November 2009
• Liquidity propels prices, Chinese Political Pop is back – Sothebys Contemporary Asian Art Auction 2009 Hong Kong – October 2009

Subscribe to Art Radar Asia for more reports on Asian art fairs and events

Deutsche Bank signs 5 year lead sponsorship deal with ART HK

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

Related Posts

• Is Singapore threatening Hong Kong as the next Asian art mecca? Wall Street Journal- Nov 09
• ARTSingapore 2009 Fair – new photography fair, high value sales and gallerists pick top fairs in Asia today– Oct 09
• More art, better art, riskier art at Art HK 09– May 09
• Newslink roundup Hong Kong art fair – Art HK 09– May 09
• Which are the top 10 international contemporary art fairs? -Jan 09

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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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