TimeOut Hong Kong looks at the city’s growing ranks of art advisors and discovers that they—Surprise!—think the art market in Hong Kong has truly arrived:
The art market is thriving in Hong Kong. Not only is it one that is financially viable and profitable, but it is also one that harbours a strong creative output. [Sarah] Gordon cites an impressive balance in the presence of big named international galleries and local galleries. She further alludes to the collaborative nature of the galleries through the Hong Kong Art Gallery Association, and the continued development of the M+ museum, which is scheduled for completion in 2019.
The professionals respond almost as if in unison on one point – art is big business in Hong Kong.
Despite attendance at this year’s Art Basel having been lower than the last, Pyne says sales were strong. The fairs promote the awareness of art and living in the city, she says. “The fairs [Art Basel and Art Central] saw more new collectors and young people buying art. This is a positive trend.” Hong Kong is no longer seen as a growing art scene – it’s well and truly alive and kicking. But while art buying is on the up, we can’t help but question whether this is a trend impacting wider society or existent collectors. When the question is posed to Gordon, she responds that, simply put, everybody buys art. “It’s right across the spectrum, from Joe Schmo looking to brighten up his apartment to serious collectors.”
A look at HK’s burgeoning art consulting industry and its future (Time Out Hong Kong)
