Art Market Minute
A Shift in Hong Kong’s Market
Sales at Art Basel Hong Kong were decent, but some will take time.
Sonia Manalili &
Margaret Carrigan
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Art Basel Hong Kong offered a clear snapshot of an art market in transition. In this episode, host Margaret Carrigan speaks with Vivienne Chow, co-author of the weekly Artnet Pro newsletter The Asia Pivot, about what’s shifting beneath the surface.
Art Basel Hong Kong 2026 at the Hong Kong Convention and Exhibition Centre (HKCEC) on March 25, 2026 in Hong Kong, China. Photo: Li Zhihua/China News Service/VCG via Getty Images.
Chow noted that collectors are taking a more deliberate approach, with longer timelines and less first-day urgency. Geopolitical tensions are also beginning to have an impact. The war in Iran hasn’t disrupted the fair directly, but rising fuel and travel costs are adding pressure to an already cautious market.
Plus, is Hong Kong’s role as a global art hub evolving as auction sales fall?
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