Topic Archives: Market watch

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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A rainy night in November 2011 saw the Hong Kong opening of Art Supermarket. We popped in to investigate this new concept store and nabbed an interview with the director.

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Christie’s includes Southeast Asian art in their Hong Kong autumn 2011 Asian 20th century and contemporary art sales along with art from China and other parts of East Asia.

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Bonhams Fine Chinese Paintings and Modern Asian Art Autumn Auction features work by contemporary artist Xu Bing and living artists Zhu Ming and Liu Kuo-sun.

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Asia Art Archive’s 2011 fundraiser auction has works by Wu Guanzhong, Nam June Paik, Takashi Murakami, Raqs Media Collective and other renowned Asian artists up for sale.

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A report published in The Wall Street Journal in October 2011 identifies new trends set by Chinese collectors and reveals how the auction market is responding to new demand.

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Art market analysts ArtTactic have released a report stating that while overall confidence in the global art market has dropped, the outlook for high-priced works stays positive.

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This post in the ‘List’ series focuses on the latest trends in the contemporary Asian art market and summarises the 5 top posts the the Art Radar archive over the last year.

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HONG KONG CONTEMPORARY CHINESE ART AUCTIONS Art Radar was present in the auction room for the second instalment of Sotheby’s Ullens Collection Sale on October 2, 2011 in Hong Kong. Composed of 90 lots, this highly anticipated sale achieved sales of 93% … Continue reading →

A new gadget by Square allows users to read credit cards off their Apple or Android cell-phones, allowing small business owners to save money. But will it work for art fairs?

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Art Radar reports from the auction room of Sotheby’s evening sale of Contemporary Asian Art on October 3, 2011. The 176-lot sale featured two ‘premium’ works, and revealed lagging enthusiasm in the contemporary Asian art market

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Saffronart has reported that over half of all lots in their 2011 Autumn Art Auction were sold. A work by Tyeb Mehta took the top lot spot, selling for USD1,565,000.

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