Asian art powers on in Hong Kong

Hong Kong

FEARS of an art market in decline proved unfounded - at least in the first few days of Art Basel Hong Kong (ABHK) where numerous blue-chip works with at least five-figure US dollar price tags flew off the walls during the VIP preview.

Notably, many of these works were by Asian artists, signalling a wider recognition of Asian art as well as a general sense that ABHK is the market for Asian art.