Art Basel Hong Kong Ends, Buyers Made it Rain

Art Basel Hong Kong Ends, Buyers Made it Rain

As we stated before, Art Basel is an event that not only focuses on displays of art but it also hosts a lot of hardcore transactions that are meaningful in the art world. On Sunday, Art Basel Hong Kong wrapped up with a total of 60,000 visitors in attendance according to organizers of the event. Many great sales were reported, so we thought we'd give you some highlights.

Perhaps the biggest deal was done through the Tina Keng Gallery with spaces in Taipei and Beijing. The gallery was fortunate enough to have the sale of $2.6 million for Wang Huaiqing's large-scale painting “Chinese Emperor – 1″ (2008-2013). The artist makes structural abstract work.

David Zwirner sold a work by Yayoi Kusama entitled “Love Is Forever That Shines In Heavenly World (2012) for around $550,000. The gallery also sold Michaël Borremans’s “The Modification” (2001) for around $500,000, Adel Abdessemed’s huge aluminum sculpture of a horse entitled “Cheval de Turin” (2012) for $850,000.

A more familiar name, Paul Kasmin sold on Saturday a collection of 12 photographs by Tseng Kwong Chi for around $104,000. The gallery also sold Mark Ryden’s dark ceramic sculpture “Porcelain Meat Dress” (2012) for $75,000.

You can click here to get more sales information.

[via Artinfo]

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Tags: art-basel-hong-kong, art-deals
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