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Contemporary art trends and news from Asia and beyond

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Posts Tagged ‘Sperone Westwater’

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

Posted by artradar on June 16, 2010


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

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)

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)

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

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New art fair sets up in Singapore September 2008 – International Herald Tribune

Posted by artradar on September 2, 2008


SINGAPORE ART FAIR 9 to 12 September

Asian contemporary art has seen its star rise markedly in recent years. Yet the region has yet to produce art fairs to rival those in the West like Art Basel in Switzerland, Frieze Art Fair in London, the Armory Show in New York and Art Basel Miami Beach. In the past year, two new contemporary art fairs have gained considerable attention because of their sheer size – ShContemporary in September in Shanghai and Art HK in May in Hong Kong – but they are still far from being seen as equal to their Western counterparts.

Now, a new entrant, Singapore Showcase, is also hoping to be noticed. With 23 major international galleries, it is very much a boutique fair, but those attending include marquee names in international contemporary art: Sperone Westwater and L&M Arts from New York to Galerie Thaddaeus Ropac from Paris, SCAI the Bathhouse and Tomio Koyama from Tokyo, Arario Gallery from Seoul, Hanart TZ from Hong Kong and ShanghART from Shanghai.

“It would be enormously presumptuous to say we’re going to be the Basel of Asia, but the standards that we’re trying to push here and emulate are those of the Armory or Basel, on a smaller scale,” said Mary Dinaburg, principal of Fortune Cookie Projects, the curatorial and art advisory consultancy behind the new fair, which runs Sept. 9-12 and coincides with the opening of the second Singapore Biennale.

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