Asian Art Fairs Ltd has announced a new development for ART HK – Hong Kong International Art Fair. MCH Swiss Exhibition (Basel) Ltd, the organiser of Art Basel and Art Basel Miami Beach, will take a majority ownership in Asian Art Fairs Ltd.
Following ART HK later this month, next year's edition will take place from February 2 to 5 so that its timing fits better with the dates of Art Basel and Art Basel Miami Beach. Next year's edition will remain under the show's current ART HK name, with Magnus Renfrew remaining as director. In the mid-term ART HK is to be integrated into the Art Basel brand as the third platform for the international art show.