Beijing 's tightening of capital controls and restrictions on overseas withdrawals has n't stopped the spending of mainland Chinese buyers with cash and bank accounts in Hong Kong and elsewhere . The first VIP preview day of Art Basel Hong Kong was more crowded than in previous years , and galleries brought out their top tier works . Sales included a $ 35 m de ##cal , Untitled XII ( 1975 ) ; a $ 2.4 m work by Lucio Fontana and two works by Raj Kapoor for $ 1.3 m each . Lisson Gallery sold two works by Anish Kapoor for USD1.3 million each, while Almine Rech reportedly sold a Condo, Russian Girl (2006), for more than USD1 million. One French gallerist was overheard complaining about the aggressive bargaining that comes with doing business in Hong Kong .
Beijing 's tightening of capital controls and restrictions on overseas withdrawals has n't stopped the spending of mainland Chinese buyers with cash and bank accounts in Hong Kong and elsewhere . The first VIP preview day of Art Basel Hong Kong was more crowded than in previous years , and galleries brought out their top tier works . Sales included a $ 35 m de ##cal , Untitled XII ( 1975 ) ; a $ 2.4 m work by Lucio Fontana and two works by Raj Kapoor for $ 1.3 m each . One French gallerist was overheard complaining about the aggressive bargaining that comes with doing business in Hong Kong .