As the new year unfolds, Asia’s art markets are bracing for significant challenges and opportunities in 2026. With optimism in the air, signs of recovery have been visible since the last quarter of 2025, and the initial months of 2026 will be crucial in setting the direction for the industry.
Kicking off the year, Singapore will host Art SG at the Sands Expo and Convention Centre, featuring the S.E.A. Focus showcase for the first time. This event could enhance Singapore’s reputation as a central hub in the art world. February will see Qatar debuting Art Basel Qatar, aligning its schedule with the India Art Fair in Delhi, while Frieze Abu Dhabi is set to take place in November. March will welcome Art Basel Hong Kong, a cornerstone event in Asia that attracts exhibitors and collectors from across the region. Despite a decrease in Indian galleries from five in 2025 to two this year, the fair remains a major draw. The auction houses will strategically plan their spring sales around these events, which will provide insights into the market’s health by the end of March.
Asia’s art sector is experiencing a period of transformation, with more intra-Asia collaborations anticipated in 2026 to connect the continent’s diverse markets. In a significant move, South Korea’s Art Asia partnered with the Korea International Exhibition Center to launch Art Asia Delhi in India, supported by the Korean government. South Korea and the UAE have also initiated a reciprocal exhibition exchange. Art SG is highlighting South Asia Insights, focusing on galleries from the region, while several galleries are broadening their presence within Asia. Hong Kong’s Kwai Fung Hin will open in Singapore next week, and Shanghai’s Antenna Space will establish a branch in Hong Kong in March.
Japan’s cultural scene is gaining attention under Prime Minister Sanae Takaichi. Recently, she engaged with the creative sector, including artist Takashi Murakami, to enhance Japan’s cultural influence internationally. The auction sector, Asia’s second-largest, saw Mainichi Auction and SBI Art Auction form a joint venture, SBI Mainichi Art Holdings, with their future strategies eagerly anticipated.
Global dynamics are affecting the region, with Japan facing growing tensions with China. Following Prime Minister Takaichi’s statement on deploying forces in case of an emergency related to Taiwan, China has discouraged travel to Japan and canceled cultural exchanges. Meanwhile, Japan aims to strengthen ties with South Korea, as evidenced by a joint cultural performance by leaders of the two nations. Other regional conflicts, including those between Cambodia and Thailand and the unrest in Iran, may influence market stability. Additionally, China’s ongoing economic challenges and tense US relations will impact trade.
Predicting a complete recovery of Asia’s art markets remains uncertain. However, 2026 is set to reshape the industry amid ongoing changes and challenges, with The Asia Pivot closely following developments each step of the way.
