
Artwork Market
Maxwell Rabb
Inside view of Artwork Basel Hong Kong, 2025. Courtesy of Artwork Basel.
A spirited, numerous viewers introduced a palpable buzz to the Hong Kong Conference and Exhibition Centre as Artwork Basel Hong Kong 2025 acquired its VIP day underway on March twenty sixth. The twelfth version of the honest options 240 galleries from 42 nations and contains 23 debuting exhibitors. And if a metropolis’s tentpole artwork honest displays the character of its artwork group, then Hong Kong is witnessing the expansion of a younger, community-minded collector base.
“Youthful generations of patrons [are] getting back from COVID-19, and they’re bringing new mates,” Angelle Siyang-Le, director of Artwork Basel Hong Kong, instructed Artsy on the honest. “Youthful generations are very massive on group constructing, and that’s positively what we’ve been observing. They’re not simply gathering on their very own; they wish to share.”
To cater to this “younger vibe,” Artwork Basel Hong Kong has tailor-made its programming this yr, Siyang-Le defined. This contains every part from the honest’s Artist Night time celebration, hosted in collaboration with town’s Tai Kwun artwork complicated, to a curatorial deal with performances, DJs, and public programming and installations.
LuYang, set up view of Doku the Creator, 2025, in DE SARTHE’s Encounters presentation at Artwork Basel Hong Kong, 2025. Courtesy of DE SARTHE.
On the honest, two key themes had been outstanding: a powerful presence of Western modernists, from Giorgio de Chirico to Salvo, and renewed emphasis on digital artwork. A notable spotlight of the latter is Chinese language artist LuYang’s huge set up Doku the Creator (2025), a movie show house designed to immerse fairgoers within the narrative of the artist’s digital persona. This work is a part of the honest’s Encounters part, which options 18 large-scale installations supported by galleries.
“We’re seeing extra digital artwork coming again,” Siyang-Le stated. “That may very well be partially as a result of the youthful generations are very digital and tech savvy, so artists resembling LuYang have an enormous following of younger collectors. The younger collectors love to have interaction with these new concepts and ideas, in addition to with digital artwork. The definition of digital artwork is being expanded and additional challenges itself.”
One other key thread of the honest is the championing of artists and galleries from the Asia Pacific area. Greater than half of the galleries on the honest are from Asia Pacific, and its Insights part options 24 galleries presenting solo tasks by artists from the area. Moreover, of the 38 Kabinett displays—devoted sections of gallery cubicles that includes curated displays—21 highlight Asian Pacific artists.
Inside view of Artwork Basel Hong Kong, 2025. Courtesy of Artwork Basel.
Artwork Basel Hong Kong 2025 arrives at a second of cautiousness for town and its market. Nevertheless, because the temper on the VIP day of the honest illustrated, Hong Kong stays an important nexus for the regional artwork world.
“March will not be solely an Artwork Basel factor anymore,” she stated. “If you wish to see the best artwork from Asia, [collectors] have positively marked March to return right here, and a number of the collectors truly tie in a higher Asia journey earlier than or after coming to Artwork Basel Hong Kong to be taught in regards to the totally different areas of Asia. For us, it’s nice that worldwide audiences now have a greater understanding of the variety of this area.”
The VIP day kicked off with a bounty of reported gross sales, led by a $3.5 million Yayoi Kusama work titled INFINITY-NETS [ORUPX] (2013) bought by David Zwirner (all costs and gross sales are listed in U.S. {dollars}). Learn our roundup of day one gross sales from the honest right here, and keep tuned for our complete recap of reported gross sales from the honest on Monday.
Right here, we current the ten finest cubicles from Artwork Basel Hong Kong 2025.
Sales space 3D14
With works by Ann Leda Shapiro, Bosco Sodi, El Anatsui, Jaffa Lam, Kimsooja, Norio Imai, Peter Buggenhout, Shi Zhiying, Sopheap Pich, Waqas Khan, and Zoran Music
Set up view of Axel Vervoordt Gallery’s sales space at Artwork Basel Hong Kong, 2025. Courtesy of Axel Vervoordt.
The centerpiece of Axel Vervoordt Gallery’s standout sales space is Cambodian artist Sopheap Pich’s huge sculpture of gnarled branches, The Absent Tree (2024), constructed from aluminum, fiberglass, and artificial resin. Extensively considered Cambodia’s most outstanding up to date artist, Pich developed a sculptural apply utilizing discovered objects. In 2013, he began incorporating outdated rice pots and varied aluminum kitchenware to create these scrap metallic sculptures. This work is within the value vary of $150,000–$200,000.
In the meantime, the gallery is presenting a number of mystical watercolor work by 79-year-old American artist Ann Leda Shapiro within the Kabinett part of its sales space, devoted to thematic displays by trendy and up to date artists. Because the Seventies, the painter has addressed themes of gender and sexuality, so the gallery is presenting works spanning her five-decade profession. This contains Giving Beginning to Myself (1971/2017), a portray of a hermaphroditic determine that was as soon as censored at her solo exhibition on the Whitney Museum of American Artwork in 1973. “Her work is a mix of social interference or engagement with a really tender and gentle commentary on individuals’s our bodies, on her personal physique, and her personal identification in a approach,” stated the gallery’s artwork advisor Dylan Shuai. These works are priced at “round” $15,000 apiece.

5
View Slideshow
Different highlights embrace El Anatsui’s Blue Moon (2025), a sculpture constructed from bottle caps, printer plates, and copper wire hanging on the wall above Pich’s work. This work is priced at just below $2 million. Within the different nook, the gallery presents Chinese language artist Jaffa Lam’s Cellular Knowledge (2025), a hammock-like sculpture constructed from recycled colourful umbrella material and cord.
Sales space 1D01
With works by Vũ Dân Tân, Wang Keping, Josephine Turalba, CHAN Dany, Huang Rui, ANUnaran Jargalsaikhan, Dinh Q. Lê, and Laurent “Lo” Martin
Set up view of 10 Chancery Lane’s sales space at Artwork Basel Hong Kong, 2025. Courtesy of 10 Chancery Lane.
The again left nook of 10 Chancery Lane’s sales space is dedicated to the late Vietnamese artist Vũ Dân Tân. Right here, the gallery presents the artist’s Cash sequence/ Hong Kong {Dollars} – Charlie Chaplin subset (1997), a number of 15 monoprinted pretend Hong Kong greenback payments, every with a sketch of Charlie Chaplin within the center. These are priced at $25,000. This satirical physique of labor is introduced alongside three works from the artist’s “Vogue” sequence, a group of feminine types and clothes constructed from embellished cardboard, priced at $32,000 apiece.
“He’s considered one of Vietnam’s most necessary and underrecognized artists,” stated Katie de Tilly, 10 Chancery Lane’s founder. “He was an actual pioneer from the Seventies, ’80s, and ’90s, shifting into up to date artwork. For Southeast Asian artwork historical past, the up to date artwork historical past may be very younger, so we actually needed to point out an important determine from Vietnam.”

4
View Slideshow
Different highlights within the Hong Kong gallery’s sales space embrace Dinh Q. Lê’s Untitled 11 (from Vietnam to Hollywood Sequence) (2004), a “photo-weaving” wherein the artist interlaces documentary images of the Vietnam Battle with American movie stills, interrogating how real-life struggling is sensationalized.
The presentation additionally incorporates a work by Huang Rui, a uncommon summary portray titled Courtyard within the Summer season No. 1 (1983), and sculptures by Wang Keping, together with Couple (嘀嘀咕咕 di di gu gu) (2015), which bought on the honest’s VIP day for $120,000. “[Huang and Wang] are just like the pioneers of Chinese language up to date artwork after Mao died,” famous de Tilly.
Sales space 3D12
With works by Sanyu
Sanyu, set up view in HdM Gallery’s sales space at Artwork Basel Hong Kong, 2025. Courtesy of HdM Gallery.
Regardless of the all-red partitions, HdM Gallery’s solo sales space is a quiet counterpoint to the explosive colours that characterised a lot of this yr’s Artwork Basel Hong Kong. The presentation spotlights Chinese language artist Sanyu, with a powerful deal with the artist’s time in Paris. Sometimes called the “Chinese language Matisse,” Sanyu is finest identified for his sequence of sensual works on paper utilizing ink and charcoal. Right here, the gallery presents greater than 20 examples of those intimate drawings.
Sanyu’s journey additionally displays a broader cultural trade between East and West, which is especially notable for the French-owned gallery, which has areas in Beijing and Paris. “This present day, the place persons are changing into extra closed up and extra self-centered and so forth, to have this Chinese language man who lived in Paris in a century the place it was very troublesome to maneuver to the opposite aspect of the world, it’s fairly message,” stated Olivier Hervet, associate on the gallery. “There’s a sure insouciance—a carefree, relaxed really feel about these works,” he added.

4
View Slideshow
These simplified works typically depict fleeting moments again and again, resembling girls drawing, bent nude our bodies, or two girls seated shut collectively. The gallery bought most of those works for €20,000– €30,000 ($21,500–$32,380) apiece.
Sales space 3D10A
With works by Aubrey Levinthal, Andrew Cranston, Lorna Robertson, Hayley Barker, John Joseph Mitchell, Catherine Ross, Johanna Unzueta, Brandon Logan, James Hugonin, David Austen, Rob Lyon, Jonathan Owen, and Andrew Miller
Set up view of Ingleby Gallery’s sales space at Artwork Basel Hong Kong, 2025. Courtesy of Ingleby Gallery.
Philadelphia-based painter Aubrey Levinthal’s dreamy work command consideration at Ingleby Gallery’s sales space, the place a fastidiously curated number of her work had bought out fully by the honest’s VIP day. Her items, typically self-portraits or depictions of shut family and friends, seize the essence of on a regular basis moments—a son bathing, a associate on the steps—but infuse them with an unsettling, ethereal high quality. For example, Night time Mirror (C’s Tub) (2025) incorporates a self-portrait of the artist the place the mirrored reflection is barely turned away from her. These works on the honest had been priced at $20,000 for smaller items and $50,000 for bigger works.
“They’ve a really stunning high quality that’s a mix of what you suppose and what you’re stunned by,” Richard Ingleby, co-founder of the gallery, instructed Artsy. “If you have a look at them, to begin with, you see the picture, and it’s fairly clear. The extra you have a look at them, the extra they grow to be tougher to put. There’s a slight sense of dislocation, of unusual perspective, of issues being not fairly what you thought they had been while you first noticed them.”

5
View Slideshow
The Edinburgh-based gallery can also be presenting a number of different works in small clusters, impressed by the gallery’s “Instalments” programming, the place it irregularly showcases works to introduce new artists to the roster. In that spirit, the gallery is displaying a set of miniature landscapes by British painter Catherine Ross, together with the icy blue mountainside Enterprise (2025). Instantly to its proper is a number of small, textured work by American artist John Joseph Mitchell, together with Oranges (2025), depicting a desk with three oranges on a gridded blue tablemat.
The most costly portray within the sales space is American painter Hayley Barker’s Mountain View Cactus (2025), that includes a cactus in an alpine atmosphere within the foreground of a distant property. This work was priced at $130,000.
Sales space 3D23
With works by Yu Peng
Yu Peng, set up view in Yi Yun Artwork’s sales space at Artwork Basel Hong Kong, 2025. Courtesy of Yi Yun Artwork.
The late Taiwanese artist Yu Peng taught himself to make artwork by sketching in native parks. Borrowing from conventional Chinese language panorama work, his ink-based works on paper function intricate linework and meticulously embellished environments. Nevertheless, in contrast to conventional landscapes, his works had been typically suffering from nude our bodies. These sensual, erotic works are the topic of Taipei’s Yi Yun Artwork’s solo presentation of works by the artist.
Works just like the diptych Clouds, Rocks, Timber, or Flowers (雲耶 石耶 樹耶 花耶) (2003) function Yu’s signature model: complicated black-and-white Edenic landscapes the place nude figures are subtly embedded. These items, reflecting his early coaching in sketching and classical brushwork, combine lived expertise, making a narrative and poetic ambiance that blurs the strains between actuality and fantasy.

4
View Slideshow
In the meantime, the sales space additionally options a number of softer, figurative works, resembling Moonlit Destiny and the Ties of Love (2006). Works within the sales space vary in value from $20,000–$50,000.
Sales space 3C12
With works by Alec Egan, Caleb Hahne Quintana, Sarah Lee, Jenny Morgan, Jordan Nassar, Soumya Netrabile, Meeson Pae, Neil Raitt, Gideon Rubin, Sigrid Sandström, Sarah Ann Weber, Ming Ying, Alejandro Cardenas, Marc Dennis, and Anna Freeman Bentley
Alec Egan, set up view in Anat Ebgi’s sales space at Artwork Basel Hong Kong, 2025. Courtesy of Anat Ebgi.
One of the photographed corners of this yr’s honest is Los Angeles–primarily based gallery Anat Ebgi’s Kabinett presentation—an area adorned with brilliant, polychromatic floral wallpaper. This wallpaper is the backdrop for Alec Egan’s “Earlier than the Hearth” sequence, that includes 5 work that discover the artist’s acquainted motifs of interiors of the house. Nevertheless, after Egan misplaced his house and studio within the Palisades hearth earlier this yr, these new works carry a further weight of loss and renewal. These work embrace Sundown Automotive (2025), that includes a break up canvas the place the left aspect depicts a sunset-lit sky and the fitting reveals a rippled floral curtain. Costs vary from $25,000 to $40,000.
“The works are held on a supersize scaled wallpapering of the sample that was outstanding via the work that had been misplaced within the hearth, a motif that Alec has carried into his new suite of works as a quiet thread between what was misplaced and what he’s constructing anew,” stated Anat Ebgi associate Stefano di Paolo. “These new works create rigidity between inside and exterior, familiarity and distance—pictures directly dreamlike and eerily evocative of the Palisades hearth, reworking the view past the window into one thing hauntingly chic but unusually comforting. It’s a scene the place the glowing patch of sky appears to hover between revelation and erasure, each a beacon of hope breaking via and a reminiscence on the verge of being swallowed entire.”

5
View Slideshow
Different standout works within the sales space embrace Caleb Hahne Quintana’s Secrets and techniques of the Drowsing Tree (2025), that includes two lounging younger adults in a tranquil park, priced at $26,000, and Meeson Jessica Pae’s futuristic summary portray Drift (2025), that includes a vulgar natural type and priced at $34,000.
Sales space 1C12
With works by Kim Yun Shin, Park Search engine optimization- Bo, Ha Chong-Hyun, Jae-Eun Choi, Kibong Rhee, Kyungah Ham, Lee Kwang-Ho, Haegue Yang, Suki Seokyeong Kang, Candida Höfer, Jenny Holzer, Julian Opie, Ugo Rondinone, and SUPERFLEX
Portrait of Kim Yun Shin in Kukje Gallery’s sales space at Artwork Basel Hong Kong, 2025. Courtesy of Kukje Gallery.
One yr after Kukje Gallery mounted its inaugural solo exhibition with 90-year-old artist Kim Yun Shin, the South Korean powerhouse devoted its Kabinett part at Artwork Basel Hong Kong to the artist. The unbelievable number of featured works features a latest summary portray by the artist, Waves of Pleasure (2024), depicting oscillating blue and inexperienced colours in a layered sample. The work are accompanied by a number of smaller wood sculptures and a lesser-known Brazilian sculpture from 2002, which is a part of the artist’s ongoing “Add Two Add One, Divide Two Divide One” sequence.
“Her distinctive philosophy, ‘Add Two Add One, Divide Two Divide One,’ captures the cosmic significance of two entities coming collectively and forming a union as one, and this union changing into divided into two once more, encompasses Kim’s creative philosophy and a lifestyle,” defined Hei Jeong Yoon, the gallery’s senior managing director of public relations. Her wood sculptures and work have “a form of primordial vitality,” she added.

5
View Slideshow
Elsewhere, the gallery’s sales space is full of standout items from throughout its program, together with Kyungah Ham’s Phantom and A Map / poetry 01WBL01V1T (2018–24), a triptych the place two summary embroideries flank a striated textile. Ham’s course of entails designing the textiles after which tasking North Korean artisans with their creation, necessitating the smuggling of each design plans and completed works throughout the Demilitarized Zone. The central panel signifies the ready interval and the space between the North and South Koreans working collectively to create the ultimate paintings.
Sales space 3C08
With works by Chan Ka Kiu, Hou Jianan, Lov-Lov, Ma Sibo, Mak2, Caison Wang, Wang Jiajia, Wang Xin, and ZhongWei
Set up view of DE SARTHE’s sales space at Artwork Basel Hong Kong, 2025. Courtesy of DE SARTHE.
Inside a small room lined with golden curtains at Hong Kong–primarily based DE SARTHE’s sales space, fairgoers are invited to play a online game. The sport in query is conceptual artist Mak2’s latest challenge, Residence Candy Residence Yard (2025), the place gamers grow to be digital gold diggers trying to find treasure inside digital landscapes.
The catch: The higher gamers carry out all through the honest, the upper the value of Mak2’s accompanying suite of seven work supplied on the market by the gallery. As extra individuals play and uncover gold, the sport and work’ worth will increase, triggering 5% hikes in value with a 20% cap (the work are initially priced at a ten% deficit for $27,000 apiece). “It’s a touch upon how the market works,” stated founder Pascal de Sarthe. “The gallery has all the time been pushing away all of the speculators [over the last few years]. I don’t need my artists to be the sufferer of the speculators as a result of it’s short-lived, it’s not good, and in opposition to the market.” Halfway via the honest’s VIP day, the rating was nearing 5%.

5
View Slideshow
Mak2’s work are a set of seven triptychs, every of which comes with a replica of the online game and can swap out all through the honest. These works, a part of her “Residence Candy Residence” sequence, are dreamlike, Hong Kong–impressed environments from the online game The Sims 4, that are then translated into triptych work by artists from Taobao, a web based purchasing platform. On VIP day, Residence Candy Residence Yard: Golden Home 3 (2025), that includes a pair philandering in a yellow-toned workplace, was hung outdoors the online game part.
Different standout works within the sales space embrace Hou Jianan’s The Solar Elsewhere and Reducing Fantasies (each 2025), priced at $10,000 apiece. On the skin of the sales space, Wang Xin’s sculpture Chasmic Mirrors: Oracle of the Embodied Self (2025), that includes a criss-crossed, praying determine holding an orb in entrance of glowing LED lights, is priced at $12,000.
Sales space 3C40
With works by Eduardo Terrazas, Gabriel de la Mora, Abel Quezada, and Circe Irasema
Eduardo Terrazas, set up view in Proyectos Monclova’s sales space at Artwork Basel Hong Kong, 2025. Photograph by Mark Blower. Courtesy of Proyectos Monclova.
Within the Seventies, the Mexican artist Abel Quezada visited China with Mexican president Luis Echeverría. Whereas right here, the illustrator and caricaturist meticulously detailed his time within the nation. These drawings, depicting and critiquing day by day life throughout China via his eyes, are documented within the guide 48,000 kilómetros a línea, and people drawings have been translated onto large Tibetan hand-knotted tapestries greater than three a long time after the artist’s passing. Examples embrace Recepción en Pekín, el 19 de abril de 1973 (1973–2024), a centerpiece of Proyectos Monclova’s standout sales space.
The Mexico Metropolis–primarily based gallery is presenting three extra Mexican artists alongside Quezada. Gabriel de la Mora is presenting works from two sequence: In “Lepidóptera,” the artist employs fragments of Papilio ulysses butterfly wings to create intricate designs. Within the different sequence, “In-Between What I Mirror and What I See,” he makes use of shards of silver Christmas ornaments to create optical illusions via convex and concave reflections in works resembling 21,481, from the sequence “In-Between What I Mirror and What I See” (2025).

4
View Slideshow
Within the heart of the gallery’s sales space, textile works by the 90-year-old artist Eduardo Terrazas are showcased. His geometric blue and white material works, crafted with wool yarn utilizing the indigenous Huichol methodology, had been featured within the foremost present of final yr’s Venice Biennale, “Foreigners All over the place.” On the outside of the sales space, Circe Irasema’s Oh Fortuna! vol 1. / O Fortune! vol 1 (2022–25) investigates the origins of the fortune cookie by translating a sequence of phrases from the wafers into Chinese language in 25 oil work with engraved brass plates. All of the works within the present are priced within the vary of $20,000 to $190,000.
Sales space 1B17
With works by Martin Wong, Katharine Kuharic, Daniel Correa Mejía, Joe Houston, Owen Fu, Grace Carney, Harry Gould Harvey IV, Srijon Chowdhury, Elizabeth Glaessner, and Robin F. Williams
Set up view of P·P·O·W’s sales space at Artwork Basel Hong Kong, 2025. Courtesy of P·P·O·W.
Within the Kabinett part of P·P·O·W’s sales space, a mini retrospective of the late American artist Martin Wong is a direct spotlight. The tightly curated assortment options a few of Wong’s earliest ceramics experiments, characterised by the artist’s extreme gothic model. For example, the artist’s Untitled (Love Letter Incinerator) (1970), which options three conjoined furnace shapes with the artist’s initials carved into the aspect, is located on an exterior nook of the sales space. Based on co-founder Wendy Olsoff, the ceramics had been beforehand dwelling in Wong’s mom’s backyard in San Francisco.
Accompanying these early ceramic works are the artist’s cacti work, accomplished within the ultimate years of his life. Simply above the incinerator sculpture, the artist’s Double Lithops (1997–98) depicts two lithops, a succulent plant of southern Africa that usually has a pair of thick, shield-like leaves. The costs for Wong’s ceramic works vary from $20,000 to $125,000 apiece, with Olsoff noting vital demand from native collectors in the course of the honest’s VIP day.

5
View Slideshow
The New York–primarily based gallery additionally introduced a wholesome number of works from its roster. The wall adjoining to its Kabinett presentation options two of Harry Gould Harvey IV’s wall sculptures. Correspondence Radiator / Correspondence Resonator (Asteraceae) (2025), for instance, options recycled wooden from the Delano Noticed Mill, which frames manipulated xerox prints of open arms. Close by is Robin F. Williams’s Siri Recharging (2025), an iridescent portray with an anthropomorphized depiction of Apple’s digital assistant Siri lounging. Costs within the sales space vary from $16,000 to $225,000.
MR

Maxwell Rabb
Maxwell Rabb is Artsy’s Employees Author.