Ximu: Hot spots and highlights of Art Basel Hong Kong 2024

Art Basel Hong Kong 2024 includes a number of special zones, such as "Art Gallery Collection", "Art Exploration", "Asian Vision", "Art Gathering Space" focusing on large-scale works, "Light Screening Scene", "Curatorial Corner", "Dialogue with Art Basel", etc. Under the premise that the plate structure has not been significantly adjusted, what are the new hot spots and highlights of Art Basel Hong Kong 2024?

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2024 ArtBasel Hong Kong

Hot spots and highlights of the transaction

The transaction volume of the art fair is the main attraction of the art fair, and the transaction scale and transaction structure of the art fair can reflect the market trend. The biggest highlight of this expo is that the transactions of high-priced works are relatively rare, and the transactions of low- and medium-priced works are relatively active. Arguably. The active and diversified transactions of works in the middle and low price range are a very important highlight of this fair.

The transactions of high-priced works in this exhibition are relatively rare, more of which are the scarcity of high-priced works, and low-priced works are more popular in the market. According to the final sales report provided by Basel, the highest price sold for $9 million was a 1986 work by William de Kooning at Hauser & Wirth Gallery, Untitled III. Philip Gaston's 1978 work "The Desire" sold for $8.5 million, and Mark Bradford's 2023 work "May the Lord be the first one in the car... and The Last Out, sold to a private Asian collector for $3.5 million. The fair has collectors from different countries, with a split between Chinese and foreign collectors.

It should be noted that these figures are voluntary sales information choices provided by galleries to Art Basel officials for media use, and Art Basel does not have access to private transactions between galleries and buyers at art fairs.

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2024 ArtBasel Hong Kong

Hotspots and highlights of the scale

A total of 75,000 visitors will be welcomed during Art Basel Hong Kong 2024, both during the VIP preview and the public opening. This year marks the start of Art Basel's first full return to pre-pandemic scale since 2019, welcoming 242 leading galleries from Asia, Europe, the Americas, Africa and the Middle East, of which 69 galleries have returned after a hiatus, 35 with exhibition spaces in Chinese mainland and 21 in Beijing. The 23 were participating in the fair for the first time. Art patrons and private collectors from 72 countries and regions attended the fair.

In addition, representatives from more than 100 of the world's leading museums and foundations from around the world will participate in the exhibition, including Asia Art Archive Hong Kong, K11 Art Foundation Hong Kong, M+ Hong Kong, Para Site Hong Kong, Tai Kwun Hong Kong, Guangdong Museum of Art, Foshan He Art Museum, Rockbund Art Museum in Shanghai, UCCA Center for Contemporary Art in Beijing, Samsung Museum of Art in Seoul, MACAN Museum in Jakarta, Singapore Art Museum, and New South Wales Fine Art in Sydney Centre Pompidou, Paris, Palais de Tokyo, Musée National Picasso, London, Tate Gallery, London, Serpentine Gallery, Brooklyn Museum, New York, Solomon Brown, New York. R. Guggenheim Museum, Metropolitan Museum of Art, Museum of Modern Art, New Museum, New Museum, Swiss Institute, Carnegie Museum of Art, Pittsburgh, Los Angeles County Museum of Art, Los Angeles, Asian Art Museum of San Francisco, and Vancouver Art Gallery. Together, they interpret the blending and collision between East and West, tradition and trend, business and humanity.

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2024 ArtBasel Hong Kong

Showcase the hot spots and highlights of each section

Art Basel Hong Kong 2024 is divided into six exhibition areas: "Art Gathering Space", "Art Gallery Gathering", "Asian Vision", "Art Exploration", "Reflection Scene" and "Curatorial Corner", presenting a diverse artistic vision and bringing new art experiences to the audience. Art Basel Hong Kong presents an extremely diverse art ecosystem with six exciting zones, a "Dialogue with Art Basel", and collaborations with local art institutions. "Connection" means more dimensional perspectives, diverse cultures and issues. It covers the longitudinal exploration of art history, the horizontal integration with Hong Kong's art ecology, and the exchange and integration of art from all over the world in the same time and space, as well as the emotional resonance with the public online and in person.

The fair's main exhibition area, "Gallery Gallery", will bring together the highest quality of work from a wide range of exhibitions from 200 of the world's leading galleries. Among the many exhibited works, textile art and its striking diversity will be one of the key highlights, with the "Art Exploration" section, which focuses on solo exhibitions by emerging artists, with 22 participating galleries. Many of these exhibitions will focus on the complex issues of urbanization and the transformation of public space in modern society. With a focus on artists from Asia and the Asia-Pacific region, the Asian Perspectives zone will feature 20 galleries this year, showcasing historic works. The hot spots and highlights of each section of the art fair reflect the attention and focus of collector investors, which do not necessarily coincide with the attention and focus of the public.

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2024 ArtBasel Hong Kong

Hot spots and highlights of art trends

An art fair is more of a space for the interpretation of artistic trends, but it is more of a commercial transaction than an academic scrutiny. Art Basel Hong Kong 2024 is an international contemporary art exhibition that shows some deepening and trendiness in the context of the rising aesthetic culture. It is prominently reflected in the artistic aesthetic orientation of some tendencies of distancing, fast food, fashion and convenience. That is, the flatness of meaning that we often see. It is even more prominent in this exhibition. The pursuit of some sensory experience, the accumulation of expression, popping, cartoonization and graffiti have become a fashion.

In recent years, from domestic to international, among collectors, the most obvious feature is the entry and development of young collectors. New collectors are a reflection of this trend in changing the structure of their previous collectors, and even the way they acquire art. Art Basel Hong Kong 2024 not only showcases the dynamic dynamics of Hong Kong's art market and ecology, but also promotes and disseminates pioneering and innovative thinking in contemporary art by showcasing works full of complex issues and diverse cultures.

At Art Basel Hong Kong 2024, we will see many challenging works that explore deep social and cultural issues and present a rich visual and intellectual experience. Art Basel Hong Kong 2024 presents solo exhibitions by 22 galleries focusing on emerging artists in the "Art Exploration" section. Several of these complex topics on the urbanization of modern society and the transformation of the nature of public space highlight the interest and unique expression of young artists in public topics. The number of non-shelf works has increased significantly, and the overall appearance of the works is richer Last year, it is very likely that after the epidemic, everyone is relatively conservative in the market choice, although this year is richer in the category and appearance of the works, but the shelf paintings account for an absolute large proportion.

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2024 ArtBasel Hong Kong

Exhibition services with peripheral hotspots and highlights

The service and peripheral activities reflect the ability and level of an art fair, and the on-site services and the interaction between the venue and the off-site reflect the degree of consensus between the art fair and the city. Art Basel Hong Kong 2024 will further deepen the dialogue between the fair and the host city and the region in which it is located, presenting a series of exciting art projects at the Hong Kong Convention and Exhibition Centre and across the city. As part of the curatorial exhibition dedicated to large-scale works, the Art Gathering Space will feature 16 large-scale installations, 11 of which will be created specifically for the fair, and as part of the exhibition area, Australian artist Daniel Boyd will be on display at Pacific Place in Hong Kong.

Curated by the gallery at its booth, the Curatorial Corner will feature 33 projects – the largest number in the fair's history – featuring historical and contemporary solo exhibitions from Asia. The free and open to the public will be held in the Hong Kong Convention and Exhibition Centre's dedicated lecture theatre. Commissioned by Art Basel Hong Kong 2024 and M+, and presented by UBS, artist and filmmaker Yang Fook-tung's new site-specific film, Architectural Films, is screened on the M+ façade to create an engaging art experience for visitors and locals alike, as well as an innovative exploration.

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2024 ArtBasel Hong Kong

Hotspots and highlights of the art ecology

Art ecology is a by-product of an art fair left to the city, and it is also the most valuable art construction. Art Basel Hong Kong 2024 has become a "third space" that transcends the domination of Chinese and Western discourses, where audiences, collectors, exhibitors, media, organizers, government agencies, and commercial organizations express and highlight a diversity of identities and discourses. Starting from Hong Kong, Art Basel Hong Kong 2024 serves as a truly global platform to discover and collide with new artistic voices, tell art stories and dialogue among civilizations, promote cross-cultural exchange and cooperation, and radiate to the world. Art Basel Hong Kong 2024 understands the city's unique advantages in terms of geographical location and policies, and while opening up the art context of the Asian market, it is constantly innovating and experimenting, eager to integrate into the pace of urban renewal in Hong Kong.

Art Basel Hong Kong 2024 is like a bridge, not only between East and West, tradition and trend, but also between business and art, city and people. In addition to the art boom in Hong Kong, Art Basel Hong Kong 2024 has also attracted more than 100 to 200 visiting groups from the mainland, and the flow of people, expert lectures and special reports brought by them has further expanded the influence of Art Basel Hong Kong 2024 and strengthened the relationship between Hong Kong and the mainland. Art Basel Hong Kong 2024 is a platform to diversify and commercialize the city, through which Western audiences can rediscover Eastern contemporary art, artists and Eastern contemporary art. We can see that Art Basel Hong Kong has brought changes to Hong Kong, art has been deeply rooted in the city's taste, and the growth of art ecology is accumulating and growing as a heritage through this form of art construction.

Art Basel Hong Kong 2024 is a Hongdae experiment in social aesthetic education in a commercial way.