Best of Art Basel Hong Kong 2018 – Artists, galleries and collectors from around the world flocked to Hong Kong for the region’s most prestigious art show last week (March 29-31). Now in its sixth year, Art Basel Hong Kong featured 248 premier galleries, each showcasing high-quality modern and contemporary pieces from across the globe.
With half of the participating galleries coming from Asia and Asia-Pacific, the show provided a gateway for discovering local artistry as well as an insight in to the region’s diversity through both historical material and cutting-edge works by established and emerging artists.
Off to an immediately successful start, a 1975 painting by Willem de Kooning called Untitled XII (pictured above) sold for US$35 million just two hours after the opening of the show. The artwork was from the personal collection of Microsoft co-founder, billionaire collector and owner of superyachts Tatoosh and Octopus,Paul Allen, who asked established New York dealer Lévy Gorvy to represent him. It is thought to be the most expensive work ever sold at the Hong Kong event.
Dedicated to presenting large-scale sculpture and installation works by leading artists from around the world, the ‘Encounters’ section of Art Basel Hong Kong provides visitors with the opportunity to see awe-inspiring works that transcend traditional art fair stands.