ArtAsiaPacific

Paying for the Privilege

Dreams of easy money are a recurring fantasy among art fair entrepreneurs, both seasoned and green. Art Basel held its first full-sized Hong Kong edition since pre-pandemic 2019, overflowing with more than 240 galleries across two floors, and overrun by mainland visitors and international museum groups. Transactions, on the other hand, were subdued, even by Covid-era standards. It was heard that Art Basel CEO descended to his knees to assuage angry gallerists during the first two preview days due to initially

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