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| No.2 April, 2012 |
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Hong Kong on track to be Asia's artistic capital |
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 Hong Kong's art scene has exploded over the last couple of months, with a multitude of recent gallery openings and artistic developments.
According to a new report from the European Fine Art Foundation, China has overtaken the United States as the world's biggest market for art and antiques. China's share of the global art market grew from 23 per cent in 2010 to 30 per cent last year.
 As the gateway to China, Hong Kong's cultural landscape is already rapidly transforming.
The vision for developing Hong Kong as an international art and cultural metropolis is epitomised by the US$2.6 billion West Kowloon Cultural District, a 40-hectare destination, comprising multiple performing arts venues and cultural institutions.
Most recently Hong Kong welcomed the opening of the White Cube Gallery's first overseas branch. The London-based gallery joined the ranks of several international art-world powerhouses, including Gagosian and Ben Brown who have also chosen Hong Kong as its first foray into the Asian region.
Taking place for its fifth year, the ART HK 12 International will take place 17-20 May 2012, preview on 16 May, at the Hong Kong Convention and Exhibition Centre showcasing the very best in contemporary art from 266 galleries representing 39 International territories.
Magnus Renfrew, organiser of this year's Hong Kong International Art Fair has noticed how the cultural landscape has changed dramatically.
"The art scene in Hong Kong has been fairly commercially driven and it's the auction houses which put it on the map. But the gallery scene has developed significantly over the past three to four years, partly because of the success of the art fair, which opened people's eyes to the possibilities," said Mr Renfrew.
Widely acknowledged as an important platform for networking in the international art community, ART HK brings together leading collectors, curators, artists and galleries from across Asia and the rest of the world.
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