Hong Kong, known for its blend of Eastern and Western cultures, is experiencing a thriving art scene, with affluent collectors seeking to make significant art purchases this year.
A telling example is the Art Basel show held in March in the special administrative region - a barometer of the global art market. For the first time since 2019, the exhibition regained its pre-pandemic magnitude, featuring 242 prominent galleries from the Asia-Pacific, Europe, the Americas, Africa and the Middle East. Among them, 69 galleries made a comeback after a hiatus, while 23 galleries participated in the fair for the first time.
"This edition reflected the city itself to the world - utterly alive and teeming with energy, a meeting place of tradition and the avant-garde, a port of cultures and an essential bridge in the evolving art landscape across regions," said Angelle Siyang-Le, director of Art Basel Hong Kong.