Kyung-mee Park, CEO of PKM "I'm watching with great interest how the Asian art market'll change in the future.”

Sayart.net
Maria Kim sayart2022@gmail.com

Art Basel Hong Kong, Asia's largest art festival, is back. Art Basel Hong Kong started with a VIP preview on the 21st and runs until the 25th at the Hong Kong Exhibition and Convention Center (HKCEC).

This event is the largest offline art fair held in four years since Hong Kong's quarantine measures were lifted, and is the largest since 2019, before the pandemic.

Among Korean galleries this year, PKM Gallery, Kukje Gallery, Hakgojae Gallery, Arario Gallery, ONE AND J. Gallery, Johyun Gallery, Gallery Baton, and Leeahn Gallery are participating in the main sector, “Galleries.” Wooson Gallery in the insight section, Arario Gallery in the cabinet section, Gallery 2, Jason Haam, and Whistle in the discovery section.

Among them, PKM Gallery is attracting attention from many audiences. PKM exhibits artists representing Korea's modern and contemporary art, such as Yun Hyong-keun and Koo Jeong-A, as well as famous overseas works that lead the flow of international art.

In particular, the works of Yun Hyong-keun, who is called the master of Dansaekhwa, and paintings by Koo Jeong-A, creative artist, and Chung Chang-Sup who uniquely unraveled Western abstraction and Korean beauty, and Suh seung won, are enough to seduce the audience.

PKM Gallery and Pace Gallery are also showing Yoo Young-Kuk's paintings in their respective booths. He recently parted ways with Kukje Gallery and newly signed exclusive contracts with PKM and Pace. Attention is focusing on what kind of repercussions their combination will have on the international stage in the future.

▲ Yoo Youngkuk Work 1971 Oil on canvas 137 x 137 cm © Yoo Youngkuk Art Foundation. Courtesy of PKM▲ Yun Hyong - keun Umber - Blue 1984 Oil on linen 51.3 x 76.3 cm © Yun Seong - ryeol. Courtesy of PKM

Kyung-mee Park, CEO of PKM, whom we met at Art Basel Hong Kong 2023, said, “About two-thirds of all galleries are Asian galleries, and the number of European collectors has definitely decreased compared to before the pandemic. Another thing that has changed is that most of the purchasers are locals. I remember the great success of Frieze Seoul, which was held in Korea for the first time last year. I am watching with great interest how the Asian art market will change in the future.”

▲ Suh Seung - Won Simultaneity 22 - 725 20 2 2 Acrylic on canvas 72.2 x 60.6 cm Courtesy of the a rtist & PKM