Abstract
Over the past decade, Hong Kong's art market has experienced unprecedented growth, emerging as the second largest in the world in 2020 in terms of contemporary art auctions. Factors such as the city's free-market economy and well-developed infrastructure, as well as its unique position as a gateway to the large and growing Chinese art market, have led to major global art fairs and galleries establishing their presence in the city, in addition to the already present international auction houses. This paper explores the Hong Kong art ecosystem and its sustainability by focusing on leading art market institutions, anchor cultural organizations, and other key actors driving the development of the Hong Kong art system, on both the commercial and the nonprofit side; the effects of the expanding art market on the city's art scene; and the key emerging opportunities and challenges to Hong Kong's future development as Asia's premier art hub. Copyright © 2023 The International Art Market Studies Association.
| Original language | English |
|---|---|
| Publication status | Published - Jul 2023 |
| Event | 2023 TIAMSA Annual Conference: “Towards a Sustainable Art Market?” - Université libre de Bruxelles, Brussels, Belgium Duration: 30 Jun 2023 → 01 Jul 2023 https://www.artmarketstudies.org/tiamsa-annual-conference/tiamsa-conference-brussels-2023/ |
Conference
| Conference | 2023 TIAMSA Annual Conference: “Towards a Sustainable Art Market?” |
|---|---|
| Country/Territory | Belgium |
| City | Brussels |
| Period | 30/06/23 → 01/07/23 |
| Internet address |