Art Basel Hong Kong 2023: Record Sales and Strong Market Recovery
Art Basel Hong Kong 2023 marked a robust comeback following nearly three years of pandemic limitations, with galleries reporting impressive sales. Glenn Scott Wright from Victoria Miro described it as their most successful fair to date. Italian galleries thrived, with Alfonso Artiaco highlighting a predominantly Asian clientele. Notable transactions included Diego Cibelli (€10,000-25,000) and Jannis Kounellis (€100,000-200,000). Cardi Gallery achieved a sale of Giorgio de Chirico's Il dialogo misterioso (1970) for between $1.5-2 million, along with other key pieces. Major galleries also performed exceptionally, with David Zwirner selling Elizabeth Peyton's Truffaut (2005) for over $2 million and Hauser & Wirth selling George Condo's Purple Compression (2011) for $4.75 million. Additionally, two African galleries made their debut.
Key facts
- Art Basel Hong Kong 2023 was the 10th in-person edition and the first with major market flows after nearly three years of Covid restrictions.
- Glenn Scott Wright of Victoria Miro called it 'our best fair ever' in Hong Kong.
- Italian galleries reported strong sales: Alfonso Artiaco sold works by Diego Cibelli (€10,000-25,000) and Jannis Kounellis (€100,000-200,000).
- Massimo De Carlo sold over 25 works by Friday, with prices up to €360,000.
- Cardi Gallery sold Giorgio de Chirico's 'Il dialogo misterioso (Archeologi)' (1970) for $1.5-2 million.
- David Zwirner sold Elizabeth Peyton's 'Truffaut' (2005) to a Chinese museum for over $2 million.
- Hauser & Wirth sold George Condo's 'Purple Compression' (2011) for $4.75 million and Mark Bradford's 'A Straight Line' for $3.5 million.
- Fergus McCaffrey sold Kazuo Shiraga's 1991 work for $5 million.
Entities
Artists
- Glenn Scott Wright
- Diego Cibelli
- Jannis Kounellis
- Carla Accardi
- Alighiero Boetti
- Giorgio Griffa
- Diego Perrone
- Massimo Bartolini
- Pietro Roccasalva
- Danh Vo
- Yan Pei-Ming
- Pedro Neves Marques
- Giorgio de Chirico
- Hans Hartung
- Mimmo Paladino
- Salvo
- Agostino Bonalumi
- Elizabeth Peyton
- Mark Bradford
- George Condo
- Antony Gormley
- Anselm Kiefer
- Damien Hirst
- Park Seo-Bo
- Julie Mehretu
- Adam Pendleton
- Kazuo Shiraga
- Alice Neel
- Lee Ufan
- Antoni Tàpies
- Andy Warhol
- Lucio Fontana
- Piero Manzoni
- Ann Veronica Janssens
- Anri Sala
- Tursic & Mille
- Juan Uslè
- Cristina Masturzo
Institutions
- Art Basel
- Victoria Miro
- Alfonso Artiaco
- Massimo De Carlo
- Umberto Di Marino
- Cardi Gallery
- Mazzoleni
- David Zwirner
- Hauser & Wirth
- White Cube
- David Kordansky Gallery
- Fergus McCaffrey
- Xavier Hufkens
- Mennour
- SMAC
- Retro Africa
- M+ Museum
- MCH Group
- Financial Times
- Art SG
- SEA Focus
- Art Week Tokyo
- Christie's
- Sotheby's
- Phillips
- NABA
- Artribune
Locations
- Hong Kong
- China
- Hong Kong Convention and Exhibition Centre
- Naples
- Italy
- Milan
- London
- New York
- Los Angeles
- Cape Town
- South Africa
- Abuja
- Nigeria
- Seoul
- South Korea
- Singapore
- Tokyo
- Japan
- Switzerland
- United States
- Korea
- Malaysia
- Mainland China