Editor’s Note: This story originally appeared in On Balance, the ARTnews newsletter about the art market and beyond. Sign up here to receive it every Wednesday.
Cash flowed, but confidence trickled on Day 1 of Art Basel Hong Kong, where a cross-section of the 240 galleries offered a spectrum of responses to one simple question: How are sales?
At Hauser & Wirth, Marc Payot, presiding over a packed ...
Art Basel Hong Kong 2023 showcased a strong art market recovery, with several high-profile sales reported. Notable galleries such as Hauser & Wirth and David Zwirner saw significant success, selling works by artists like Louise Bourgeois, Liu Ye, Marlene Dumas, and Tracey Emin. The digital sector Zero 10 also proved popular, with sales of works by Qu Leilei, Tim Yip, Atsushi Kaga, and Judy Chicago. However, the event's layout may have contributed to slower sales on the upper floor, reflecting Ho...