Hong Kong has long been the gateway between East and West, and its strategic role in the art market remains critical despite shifting economic and political dynamics. Home to leading auction houses like Christie’s, Sotheby’s, and Phillips, as well as cutting-edge institutions like M+ and Tai Kwun, the city is a crucial node in the global art network.
Art Basel Hong Kong plays a vital role in reinforcing this position. Featuring 240 galleries from 42 countries in 2025, the fair highlights the region’s dynamic creativity and its growing influence. While the city faces competition from Singapore, Seoul, and Shanghai, its zero-tax policy on art and strong international collector base ensure it remains a major player.
Art Basel Hong Kong 2025
Adrian Cheng, the Hong Kong-based entrepreneur and art patron, has been instrumental in transforming the way art is experienced in Asia. Through his K11 Art Foundation, he has pioneered the concept of “cultural retail,” seamlessly integrating contemporary art into shopping malls and public spaces.
Cheng’s influence extends beyond exhibitions. His foundation actively funds and supports young Chinese artists, giving them a platform on the international stage. By fostering collaboration between East and West, he has helped bridge the gap between traditional Asian aesthetics and cutting-edge contemporary practices.
K11 Hong Kong WONDER POP
The late Budi Tek, an Chinese-Indonesian collector, left an indelible mark on the Asian art world. His Yuz Museum in Shanghai became one of the most important spaces for contemporary art in China, showcasing works by Ai Weiwei, Maurizio Cattelan, and others. Tek’s influence reached beyond personal collecting—his efforts to establish a sustainable museum model in China set a precedent for private collectors turning into institutional founders.
While homegrown collectors are shaping Asia’s art ecosystem, international figures like Dakis Joannou, from Greece, and Uli Sigg, from Switzerland, have also played key roles in expanding the presence of Asian art globally. Sigg’s donation of over 1,400 contemporary Chinese artworks to M+ in Hong Kong remains one of the most significant contributions to Asian art history.
Andy Warhol Shadows at the Yuz Museum
With the rise of Frieze Seoul and a growing network of blue-chip galleries, the Korean capital is attracting global attention. Mega collections like the Leeum Museum of Art, run by the Samsung Foundation of Culture, and the Amorepacific Museum of Art are pushing contemporary Korean art onto the world stage.
Singapore’s government-backed initiatives, such as the Singapore Art Week and the National Gallery Singapore, have created an art-friendly environment for both collectors and artists.
Light to Night Singapore during Singapore Art Week. Image courtesy of National Gallery Singapore
With institutions in Shanghai and Beijing like the Long Museum and UCCA Center for Contemporary Art, China continues to be a dominant force, despite tightening regulations on artistic expression.
The art market in Asia is evolving at a rapid pace, with technology and digital art playing increasingly significant roles. The rise of AI-generated art, NFT projects, and immersive experiences is being embraced by Asian collectors and institutions alike. As Art Basel Hong Kong 2025 showcases these cutting-edge trends, it is clear that Asia is not just participating in the global art conversation but is leading it.
Art Basel Hong Kong 2024 drew over 75,000 visitors from around the world
As the Art Basel Hong Kong continues to bring together collectors, artists, and curators from around the world, one thing is certain: Asia’s art scene is no longer defined by Western influence. Instead, it is carving out its own identity, fuelled by visionary collectors and a new generation of artists who are pushing the boundaries of creativity.
