Speaking to IB Times, White Cube Asia’s director, Graham Steele, tied to make a distinction between attending the ArtHK12 art fair and opening a gallery in Hong Kong.

“There’s always this question about Hong Kong because of the rising market here. The auction houses in some ways have made that very public. I think it would be disingenuous to say we’re not here with any interest in the market. But I think art fairs are a good way of tapping into a market, chasing a market to a certain extent. I think that if you build a gallery in a place to chase the market you’re fundamentally flawed. We’re artist led. In other words, we want to provide the spaces, the galleries, places, it may be temporary, it may be a gallery like this, where are artists want to show,” said Steele.

Final Art HK Show Launches in Hong Kong ft. Warhol, Picasso, Ai Wei Wei (IBTimes)