'Business As Usual' For Art Basel After Security Law

"); jQuery("#212 h3").html("

"); });
2021-05-19 HKT 21:38
he Art Basel contemporary art fair opened in Hong Kong on Wednesday, offering a combination of physical and virtual shows as many art collectors and curators were not able to travel to the city because of Covid-19 restrictions.
The annual fair, which also has versions in Basel, Switzerland, and in Miami Beach, Florida, was cancelled in Hong Kong last year because of the pandemic. In 2019, it had attracted over 80,000 art lovers.
This year, organisers have limited the number of visitors to the fair, which runs until Sunday, in compliance with government social distancing rules.
The fair is being held for the first time since Beijing imposed its national security law in Hong Kong, which some critics say has resulted in a loss of freedom of expression in the city.
But Art Basel's Hong Kong director Adeline Ooi dismissed such concerns.
"It has been business as usual. There hasn't been any change in terms of how we've had to operate," she said.
"Hong Kong has set itself up, as a mission, to be a cultural hub," she added, denying media speculation that the fair may move to another Asian city in reaction to the security law.
Since June last year when the law took effect, scrutiny over arts, culture and media has intensified. Leader Carrie Lam has said that the government respects artistic freedom but national security was a red line.
On Wednesday, hundreds of local visitors meandered through galleries while overseas collectors were shown around via FaceTime.
"It's overwhelming and great that we are actually able to do the fair this year, despite all the difficulties and circumstances we're dealing with," said Ooi. "One of the greatest challenges is the fact that international travel was not possible."
Over 100 galleries are taking part, fewer than half the number in 2019, with a handful featuring works themed around the pandemic. About half of the participants are international galleries that have not been able to set up their own physical shows and are instead represented at booths staffed on their behalf by Art Basel personnel. (Reuters)
HSBC Fined HK$4.2M Over Disclosure Breaches In Research Reports
The Securities and Futures Commission (SFC) has reprimanded and imposed a fine of HK$4.2 million on HSBC for breaching ... Read more
Philippines: The Hidden Fintech Gem You Cant Afford To Miss | Lito Villanueva
The Philippines is the fastest-growing digital economy and home to one of Southeast Asia’s most valuable fintech unic... Read more
SBI And Chainlink Partner On Blockchain And Digital Asset Use
SBI Group, one of Japan’s largest financial conglomerates with assets exceeding the equivalent of US$200 billion, has... Read more
China Considers Yuan-Backed Stablecoins To Advance Global Currency Push
China is considering permitting the use of yuan-backed stablecoins for the first time in a move that could support wide... Read more
Financial Sanctions: LSEG Risk Intelligence Answers Your Key Questions
Financial sanctions are essential government tools for achieving foreign policy objectives – and compliance is mandat... Read more
Korea Development Bank Leads $45M Bridge Round For Upstage
South Korea’s Upstage has secured a US$45 million Series B bridge round supported by Korea Development Bank (KDB), Am... Read more