In a rebounding Asian market, what's more telling than the big-ticket early sales is the quality of the art and the intentionality of those collecting it.
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Returning to Art Basel Hong Kong for the second time, Berry Campbell attracted plenty of attention with its presentation of long-overlooked American abstraction, particularly by women artists. “We’ve witnessed an incredible energy and a palpable buzz on the fair’s opening day, which has translated into a strong lineup of sales by artists such as Elaine De Kooning, Lynne Drexler, and Alice Baber,” co-owner Christine Berry told Observer. The six-figure sale of de Kooning’s Basketball #5 (1981) ahead of the artist’s upcoming exhibition at the New York gallery next fall confirms the continued market strength of women Abstract Expressionists in Asia. “Art Basel Hong Kong remains a critical platform for engaging collectors from the region and advancing our dedication to championing women artists on a global scale,” Berry added. Additional sales included Lynne Drexler’s Wax and Crayon on Paper ($40,000) and Alice Baber works ($275,000 and $25,000).
Demand was particularly strong for both blue-chip and emerging regional artists, with Korean gallery Johyun reporting 37 sales ranging from $9,000 to $180,000. Works by Dansaekhwa artists such as Park Seo-Bo, Kim Taek Sang and Lee Bae were among the top sellers. Jaewoo Choi, president of Johyun Gallery, told Observer that Art Basel Hong Kong remains a key platform for the gallery: “We had the opportunity to meet a diverse range of international collectors, including representatives from major Japanese foundations and leading Southeast Asia–based collectors. These encounters provided a meaningful opportunity to further expand our global collector network.”
– Elisa Carollo, Observer
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