ARTicles

Undeterred by Ongoing Protests, Christie’s Will Launch a New Hong Kong Auction to Coincide With Art Basel

The ongoing pro-democracy demonstrations in Hong Kong have rocked the city and created some anxiety among exhibitors headed to the city’s edition of Art Basel in March. But so far, the art market itself remains undeterred. In fact, Christie’s is doubling down in the region.

The auction house has announced it will hold a new evening sale of 20th century and contemporary art in Hong Kong on March 19. The new sale, which coincides with Art Basel Hong Kong’s eighth edition, will become the third major Hong Kong event in Christie’s calendar, joining the company’s autumn and spring sales weeks, held in November and May.

“Building on Christie’s past successes in developing the market for Western art and setting numerous auctions records in both our Hong Kong and Shanghai auctions, we feel that this is the perfect moment to be unveiling a fresh new sale concept in March,” Francis Belin, President of Christie’s Asia Pacific, said in a statement. (The sale precedes Sotheby’s own contemporary art sale in Hong Kong, typically held in early April.) 

Belin said that piggybacking off of ABHK, which drew a staggering 88,000 people this year, would increase the “depth and breadth” of the company’s audience. He noted that the sale would cater to clients who are “are increasingly collecting across categories and geographical borders.” 

Art Basel in Hong Kong, 2018. © Art Basel.

Despite speculation that fewer galleries would participate in this year’s edition, ABHK has revealed a lengthy exhibitor list for 2020, with only a few notable absentees, including Galerie König, Galerie Gmurzynska, and Goodman Gallery. The fair is also offering support to participating dealers in the form of discounts on booth fixtures, meals at local restaurants, and shipping.

Christie’s does not currently plan to offer its consignors support with insurance or shipping, the auction house confirmed, hoping the promise of big-time sales will provide enough of a lure. Recent history would say it’s a safe bet. 

Christie’s fall sales in Hong Kong posted strong numbers, undeterred by the protests that have flooded the region since this summer. Even with many buyers opting to bid remotely rather than attend in person, the sales brought in a total of $336 million across five days. Buoyed by the $11.9 million sale of a Yoshitomo Nara painting, the auction house’s 20th century and contemporary art evening sale on November 23 netted $137 million alone—a Hong Kong record for the company. 

“Serious collecting is a long-term play,” Belin told The Art Newspaper, referring to the impact of the protests on the market. “Seasoned buyers and sellers look beyond short-term fluctuations.”

Highlights from the sale have not yet been revealed. A representative from the auction house anticipates that the first works will be announced in January. 

The post Undeterred by Ongoing Protests, Christie’s Will Launch a New Hong Kong Auction to Coincide With Art Basel appeared first on artnet News.

Read more

0.0/5 from 0 ratings.
Summary rating

Be first people review it.

More to share? (Optional)

..%
No description
  • Size:
  • Type:
  • Preview:
Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 
Dogman and Rabbit Girl in Spitalfields London. VIA LOCO STEVE/FLICKR News Austrian artist Nikolaus Gansterer is the third winner of Ireland’s MAC international
Guercino’s Vanitas Still Life, 1518. It is the only known still life by the Italian artist. COURTESY CHRISTIE’S On May 2
The National Mall. COURTESY CREATIVE COMMONS Daniel Sallick is the board chair of the Hirshhorn Museum and Sculpture Garden in Washington, D.C.,
Prem Krishnamurthy and Tina Kukielski. SEBASTIAN BACH The Front International: Cleveland Triennial for Contemporary Art has named Prem Krishnamurthy and Tina Kukielski
Gaurav Bhatia. VIA SOTHEBY’S In November of last year, after being accused of sexual harassment, Gaurav Bhatia took an “indefinite leave” from
Installation of “Contemporary Muslim Fashions” at the de Young. Ensembles by Peter Pilotto, and Mary Katrantzou, Yves Saint Laurent and...
Simon Dinnerstein, The Fulbright Triptych, 1971–74, oil on wood panels, 79 ½ x 168 in., framed and separated. Click to...
El Anatsui, Earth Developing More Roots, aluminum and copper wire, 2011. COURTESY JACK SHAINMAN’S THE SCHOOL Pictures at an Exhibition presents images
Ruth Estévez. COURTESY ROSE ART MUSEUM Brandeis University’s Rose Art Museum in Waltham, Massachusetts, has named Ruth Estévez as its senior curator-at-large.
The Musée d’Orsay. COURTESY MUSÉE D’ORSAY On Saturday, a protest by the Yellow Vests in Paris led the Musée d’Orsay to close

Google Ads

FINEST

  • aisha and nana

    aisha

    113 Lekki - Epe Expressway, Lagos, Lagos, Nigeria
    created by aisha on 02-04-2019
  • Models and More on finest.com.ng

    Models and More on finest.com.ng
    Gordian Oranika Close, Abuja, Federal Capital Territory, Nigeria
    created by Fine Fine on 06-02-2019
  • Emotional Bonds by Enotie Ogbebor

    Emotional Bonds by Enotie Ogbebor

    Sokponba, Benin, ,
    created by curator art on 17-01-2019
  • JB BET

    JB BET 

    48 Saka Lane, 100001 Lagos, Lagos, Nigeria
    created by JB BET on 14-01-2019
  • Pretty Black Girls Photo

    Pretty Black Girls

    Lekki - Epe Expressway, Lekki, Lagos, Nigeria
    created by Pretty Black Girls on 10-01-2019
  • JB Models

    Ready call 08064950565

    Lekki - Epe Expressway, Lekki, Lagos, Nigeria
    created by Abiodun Balogun on 09-01-2019
Tweet to get... Facebook like to get download Google+ to get download