We attend Art Basel HK every year. It’s an incredible event. Hong Kong people love art and come in droves. I believe most of the buyers though are mainland Chinese. Seems to me that buying blue chip art at Basel is a good way to convert CNY to an easy to flip asset and resell for Euro or USD.
Jealous you’ve been to ABHK! And I’m sure what you say has/is happening. But there are also huge transportation/storage/insurance costs associated with art. That just seems, particularly today, pretty damn risky and not worth it.
great video! thank you!
Glad you liked it! And thanks for the comment :)
Fantastic video as always!! Looking forward to the next one! 👌🏻👌🏻
Always appreciate your kind words. Thank you!
very informative and well produced video. would love to one day attend Basel Basel
You need to go! If not Basel, at least one of the big art fairs.
Welp, there goes another item into my Bucket List! Great essay!!
There’s also good fairs in Chicago and LA if that’s any easier. But there’s no better place to see a TON of art.
@@christopherwestpresents Born in LA and been to Chicago, so I'd HAVE TO do the Art Basel Basel!! Thanks!
I wished your videos were even longer. Could listen and watch for hours in a row ❤
@@kickingronja1 thank you so much! If they didn’t take so long to do I’d try to make them much longer!
We attend Art Basel HK every year. It’s an incredible event. Hong Kong people love art and come in droves. I believe most of the buyers though are mainland Chinese. Seems to me that buying blue chip art at Basel is a good way to convert CNY to an easy to flip asset and resell for Euro or USD.
Jealous you’ve been to ABHK! And I’m sure what you say has/is happening. But there are also huge transportation/storage/insurance costs associated with art. That just seems, particularly today, pretty damn risky and not worth it.
Julie Mehretu? Maybe not made in in 1979, she was only 9 years old then.
Well you’re exactly right - it’s from 1999. I’ll update the show notes. Thanks!
Cool Channel
Thank you!
100k channel views incoming FAST.
🤞🤞🤞
Maybe some revolutionary artist will make something that hangs on a wall & dispenses drinks. ..... Balls Hilt ( ? )
Well, Cattelan did tape a banana to the wall 😉
What about artworks sold of artists alive ?
I know there have been a lot, but those were just the first confirmed sales at the time I recorded this.
Money laundering. The answer is money laundering.
Tax evasion certainly. Money laundering is a pretty difficult thing to do in the art market.