THE FINANCIAL EYE ASIA Brace Yourself: Major Art Fairs Shut Down in Hong Kong and India!
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Brace Yourself: Major Art Fairs Shut Down in Hong Kong and India!

Brace Yourself: Major Art Fairs Shut Down in Hong Kong and India!

In the fast-paced world of art fairs, two eagerly anticipated events in the Angus Montgomery Arts network, Photofairs Hong Kong and Mumbai’s India Art Fair Contemporary, have been put on hold. This news comes after the cancellation of Photofairs New York earlier this year, indicating a turbulent period for these fairs.

Here are some key points to consider about these developments:

  • Both Photofairs Hong Kong and India Art Fair Contemporary are organized by AMA partner, Creo.
  • The reasons for the cancellations are said to be distinct from one another, according to a spokesperson for AMA and Creo.
  • Photofairs Hong Kong, originally scheduled for March 2025, faced unforeseen logistical constraints leading to its postponement. There is uncertainty about its future, as well as that of the New York fair.
  • In Mumbai, the decision to shelve the contemporary version of India Art Fair seems to be influenced by the existing Art Mumbai event, emphasizing a need for strategic collaboration in India.
  • Despite these setbacks, the 16th edition of India Art Fair in Delhi is set to be the largest to date, showcasing the resilience and growth of the event.

The art fair landscape is dynamic, with various events facing challenges and changes. Frieze’s decision to explore selling its art fairs adds another layer of complexity to the industry, indicating a period of transition and transformation ahead.

Another notable development is the showcasing of vintage prints by acclaimed anti-apartheid photographer Ernest Cole at London’s Goodman Gallery. These works, previously held by the Hasselblad Foundation, shed light on Cole’s legacy and the struggles he faced to document the harsh realities of apartheid in South Africa.

Turning to recent sales at Art Basel Miami Beach, gallerists have reported steady sales and a positive atmosphere despite a lower turnout. Collectors from around the world, including South Korea, Belgium, and the US, have shown interest in various artworks, demonstrating the global reach of the event.

Miami-based artist Kennedy Yanko is also making waves in the art world, with upcoming exhibitions in New York galleries showcasing her innovative approach to sculpture. This collaboration between Salon 94 and James Cohan reflects a positive shift in the gallery landscape, emphasizing the power of collective efforts in supporting emerging artists.

As we navigate through these changes and challenges in the art world, it is essential to stay informed and engaged with the evolving landscape of art fairs, exhibitions, and market trends. Embracing creativity and adaptability will be key in moving forward and supporting the vibrant community of artists and collectors worldwide.

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