Art Basel Hong Kong Welcomes Back Wealthy Chinese Collectors After Three Years
- First Art Basel after reopening tests city’s status as art hub
- Galleries watching new generation of young Chinese buyers
As Art Basel returns to Hong Kong on a full-fledged scale after years of disruptions, a major gauge of success for the art fair will be how much wealthy collectors from mainland China spend as they travel once again after Covid restrictions ended.
Chinese attendees are grouping together to take private jets to Hong Kong, according to White Cube Asia General Manager Wendy Xu, and galleries in neighboring Guangdong province are organizing tours for collectors, according to their WeChat accounts.