Art Basel 's tightening of capital controls and caps on overseas withdrawals hasn't slowed the spending of mainland Chinese buyers with homes and bank accounts in Beijing and elsewhere. At Project Native Informant, Sophia Al-Maria presented Mirror Cookie (2018), a multi-panelled mirrored film installation featuring The second 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 $35m de Kooning, Untitled XII ( previous years ); a $2.4m work by Lucio Fontana and two works by Lucio Fontana for $1.3m each. One French gallerist was overheard complaining about the aggressive bargaining that comes with doing business in Hong Kong .
Art Basel 's tightening of capital controls and caps on overseas withdrawals hasn't slowed the spending of mainland Chinese buyers with homes and bank accounts in Beijing and elsewhere. The second 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 $35m de Kooning, Untitled XII ( previous years ); a $2.4m work by Lucio Fontana and two works by Lucio Fontana for $1.3m each. One French gallerist was overheard complaining about the aggressive bargaining that comes with doing business in Hong Kong .