Topic Archives: Market watch

On the final day of the ART HK 12, Art Radar journalists were canvassing galleries and asking dealers about their fair experience. We have some of the details from these sales below.

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For days one and two of ART HK 12, Art Radar had reporters on the ground interviewing galleries about their experience at the fair. Here are a few of the sales figures we have heard so far.

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With a number of Asian art galleries showing for the first time at ART HK 12, Art Radar was curious to find out what their expectations for the fair were, and who they will be showing and why.

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ART HK founder Tim Etchells has launched Australia’s newest art fair, an international biennial event called Sydney Contemporary that is to be held in 2013.

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Art Beijing 2012 ran for three days from 30 April to 2 May. Art Radar stopped by the fair on the final afternoon and went hunting for red dots. Here are some of the works that sold.

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Pearl Lam will be the next high-end commercial gallery to move into the historic Pedder Building. The new 340 square metre gallery space will open to the public on 16 May 2012.

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ArtTactic recently released their spring 2012 auction analysis of Indian modern and contemporary art sales. The figures show a steady decline in the region.

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Sotheby’s just wrapped up their spring auctions in Hong Kong. Though Chinese art sold well, modern works were the clear highlights of the show.

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Demonstrating their commitment to the Asian market, Sotheby’s has just announced they will open a new exhibition space in Hong Kong on 19 May 2012.

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In 2012, the Singapore Tyler Print Institute will participate in The Armory Show in New York City. STPI is the first Southeast Asian gallery ever to attend Armory.

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Michael Brand, former Director of the J. Paul Getty Museum, and Roger McIlroy, former Chairperson of Christie’s Australia, are heading back to work in their homeland of Australia.

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By centralising its ASIA ONE section, ART HK is attempting to assert its “unique” position as the “only world class art fair to have a 50/50 balance of Asian and Western participation”.

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The royal family of Qatar recently purchased Cézanne’s The Card Players for more than USD250 million, the most expensive art acquisition in history.

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The last half of a two part series on Indonesian art in Italy. We talk to Primo Marella, owner and director of the Milan-based Primo Marella Gallery about mapping Asia for European audiences.

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A recent Deloitte and ArtTactic study concludes that the wealthy are allocating more funds into art, driving up art prices to record levels. What is driving this trend and is it sustainable, or even true?

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Art Radar looks into Hong Kong Contemporary, a hotel art fair that will run concurrently with ART HK 12 in an effort to draw international collectors and visitors.

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While the Eurozone crisis and rumors of a property bubble burst may have slowed the art market in the fall of 2011, Chinese art auctions still hit record sales for the year past.

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The past decade has seen galleries expand, both in their reach and roles. Just how are they responding to the challenges of a globalised world? We explore in the second post in our 2012 and beyond art trend series.

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Art Radar is kicking off 2012 with a series of four posts that outline new trends in the Asian art world. How will dealers adapt as the world experiments with online market places?

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Preview lots for the Ayyam Auctions The Young Collectors Auction until 16 January 2012, then head to Ayyam Art Center in Dubai the next day for the auction proper.

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The Miami Herald questioned six art professionals on their views on global art trends. We summarise the main points from the article and supplement them with thoughts of our own.

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ArtTactic’s November 2011 report indicates that the outlook on the Chinese art market remains positive, despite weak sales in Sotheby’s and Christie’s 2011 autumn auctions.

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Christie’s Hong Kong November 26 Private Collection Sale provides a dramatic example of single-owner sales’ susceptibility to the faltering Asian art market.

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A recent article published in The Wall Street Journal gives us a rare peek into the minds and habits of seven top collectors and the strategies that they are employing.

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The response to Christie’s Hong Kong day sale of Asian Contemporary Art, held on 27 November 2011, was restrained. 28 percent of works in the 273-lot sale failed to sell.

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