Hong Kong’s Art Market Holds Steady Amid Economic Uncertainty
- ArtMoments2024
- Mar 28
- 1 min read
As China faces economic challenges, Hong Kong remains hopeful that its thriving art ecosystem will endure. Despite a moderate 2.6% GDP growth and a declining real estate market, the city’s art scene continues to expand with major institutional players like M+ and Tai Kwun, as well as a surge in local galleries and nonprofit spaces. While collectors have become more selective, focusing on blue-chip works, interest from Southeast Asian buyers and strong auction house activity suggest resilience. With Art Basel Hong Kong and year-round cultural events, the city solidifies its role as a leading art hub in Asia.
Exhibitions
 Celebrating 50 years of the Jakarta Biennale, featuring international visual arts, with an opening on October 1 - November 15, 2024, at Selasar Galeri Emiria Soenassa, Taman Ismail Marzuki, showcasing performances and music by various artists and communities, and free for the public. |  "PANORAMA: Radetyo Itok," a solo exhibition by Radetyo Itok, curated by Rizki A. Zaelani and officiated by Yudi Wanandi, explores imaginative expressions of daily life experiences through a series of artworks, running from October 2 to November 2, 2024, at Galeri ZEN1 in Jakarta. |  "THE QUEST," a solo exhibition by Samsul Arifin, showcases his journey through paintings and installations featuring fabric dolls and pencils, exploring the unpredictability of life and the importance of roots and spiritual guidance, from October 1 to October 31, 2024, at Nadi Gallery in Jakarta. |
