"ART OnO will return to SETEC in Seoul from April 3 to 5, marking its third edition with a format that brings together commercial galleries, non-profit institutions, and museums within a shared platform."
"Art Basel Hong Kong returned this week with packed aisles and some million-dollar deals but buyers are taking their time amid a cautious market and geopolitical unrest."
"Major sales highlights include Pablo Picasso's Le peintre et son modèle (1964), which sold at Bastian for approximately €3.5 million ($4 million)."
"Despite the excitement of high-value sales, the market reflects a cautious sentiment among buyers, influenced by ongoing geopolitical tensions."
Asia's art markets are evolving with the return of ART OnO in Seoul, featuring a diverse range of exhibitors. Art Basel Hong Kong showcased high-value sales, including Picasso's work for €3.5 million. Despite packed aisles, buyers are cautious due to geopolitical unrest. Major sales included Liu Ye's painting for $3.8 million and works by Marlene Dumas and Tracey Emin. The market reflects both opportunities and challenges as new art fairs and biennials proliferate across the region.
Read at Artnet News
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