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Art Basel 2022: how digital innovation saved Hong Kong’s art market – virtual exhibitions, online masterclasses and live-streamed studio visits helped the ‘glocal’ scene get ‘phygital’

Art Basel in full swing in 2022: With global revenue on the rise, the art market looks primed for recovery, drive by digital adoption. Photo: Reuters

One can sense a huge collective sigh of relief in Hong Kong’s art world as Covid-19 restrictions are progressively relaxed and gallery owners, auction houses, collectors and exhibitors see a light at the end of the tunnel.

According to “The Art Market 2022” report, produced by Art Basel and UBS, the market contracted 20 per cent in 2020, but 2021 saw a welcome resurgence, with a reported global turnover of US$65.1 billion in 2021.

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An exhibitor welcomes oversea buyers back to the fair, in front of British artist Antony Gormley’s sculpture Feel, at Art Basel in Hong Kong 2022. Photo: AP

For a sector that traditionally revolves so much around in-person attendance at viewings, sales and high-profile events, the last couple of years necessitated a major rethink of how business could be conducted.

Increasingly the industry has allowed itself to be led by technology, with stakeholders stepping however reluctantly into the “digital space” alongside their clients and international contacts and finding, in many cases, that it really could offer a viable alternative.

Art Basel Hong Kong 2022 returned to Hong Kong Convention and Exhibition Centre on May 25-29. Photo: Nora Tam

Overall revenues for the period may have been down, and the anticipatory buzz of a big auction week or a new gallery opening may have been missing. But, importantly, the business kept moving and now, all kinds of new possibilities have come into focus.

“We fast tracked new initiatives and made a quantum leap in our digital presence and engagement,” said Lihsin Tsai, senior director at Hauser & Wirth, a leading international gallery which specialises in contemporary and modern art.

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Pink and White Profile with Green Eye by George Condo, displayed at Hauser & Wirth’s Art Basel Hong Kong 2022 booth. Photo: Reuters

“We realised that people were still eager for connections and content during the lockdowns and travel restrictions, so we did our best to keep art accessible to all.”

Tsai uses two portmanteau words – glocal and phygital – to summarise the firm’s approach and how it sought to adapt. The goal was to stay in touch with both global and local audiences. And, whenever possible, to organise offline, or physical, events for the local community in parallel with online, or digital, presentations and “visits” for everyone further afield.

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“We adapted and so did the audience,” Tsai said. “Powered by strong video content and 360-degree photography, we were able to stay connected and they were kept up to date.”

These efforts extended to working with artists, who were unable to travel to Hong Kong, to set up virtual exhibitions and installations, as well as online talks, masterclasses, artist studio visits by Zoom, and live-streamed guided tours.

Art Basel, one of the world’s most prestigious modern and contemporary art exhibitions, returned to a fully physical model in Hong Kong for 2022. Photo: AP

And among the ongoing public and private events there were children’s workshops, museum gatherings, screenings, and music and dance performances responding to specific artworks on view.

“Of course, we have continued to bring the best art from our global programme to the region,” said Tsai, noting that “Red Forest”, a first solo exhibition in Hong Kong by New York-based Swiss artist Nicolas Party is set to open on June 30.

While regretting the lack of face-to-face interaction over the last two years, Wendy Xu, general manager for Asia at White Cube gallery, confirmed that many clients quickly took to online salesrooms, video tours of exhibitions, and digital fairs.

A previous exhibition, States and Conditions, by Antony Gormley. Photo: White Cube Hong Kong

“We still saw some great successes,” Xu said. “Also, Hong Kong’s art community rallied together to stage exhibitions, auctions and events, which have been well supported by local audiences.

“That said, we are very much looking forward to reconnecting with visitors and the wider art community during Art Basel, for which we have selected some works by artists who are also currently on show at the M+ Museum, such as Antony Gormley, Isamu Noguchi and Liu Wei.”

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Art Basel
  • The digital drive is keeping the art market alive, with a global turnover of US$65 billion in 2021 as galleries moved forward with video content and 360-degree photography
  • While many clients still prefer face-to-face interaction, they are also taking to online salesrooms, live-stream video tours of exhibitions and digital fairs