藝術品投資

The Art Market: first they took Miami, now they take Hong Kong

A powerful battalion of the art world’s grandees jetted in from New York, London, Beijing and many other points to attend the new Art Basel in Hong Kong, which launched this week and ends on Sunday.

This is the first truly “Basel” edition of the Asian fair, which the powerful Swiss firm acquired two years ago. And anyone who knows the other two fairs in its portfolio – Basel and Miami Beach – will have recognised the “brand”, with every detail, from typeface to maps, now homogenised throughout.

While the transformation from the ArtHK fair is not radical, the new owners have smoothed some things out, for instance distributing stands better between the two floors and placing the VIP lounge upstairs. The fair is spacious and well lit, flattering the art on view. But with “Basel Basel” round the corner, some galleries have not brought their best works, and others are frankly a muddle. But there are high points, among them Peter Blum’s marvellous offering of early Kusama works including “Phallic Bowl” (1965) in the $300,000 range – showing up the brash, garish offerings of more recent Kusama works. And the small Australian gallery Sullivan and Strumpf is showing subversive tableaux of figurines by Penny Byrne – “iProtest” – inspired by political unrest across the world.

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