Video | Art Basel Hong Kong takes over city with 100 events
Fair hits town with a wide array of exhibitors, testament to the strength of local gallery scene
Watch: Global art world arrives in Hong Kong for Art Basel
Art Basel Hong Kong takes over the city today with more than 100 events, but its impact on the art scene will go far beyond the four-day fair, industry insiders say.
"One of the things we've been most proud of about the fair has been its ability to put the spotlight on what's happening in Hong Kong," said Magnus Renfrew, director of Art Basel Asia.
He noted that the city had become the world's third largest art auction market after New York and London, with more international galleries looking to set up business here.
Everything you need to know about Art Basel: Read the SCMP’s special report here
The international art fair, founded in 1970, made Hong Kong its third show location, after Basel in Switzerland and Miami in the US. It acquired 60 per cent of Art HK in 2011.