Editor’s Note: This story originally appeared in Breakfast With ARTnews, our daily newsletter about the art world. Sign up here to receive it every weekday.
While the VIP preview Thursday of Tokyo Gendai’s second edition brought healthy buzz—along with major collectors like Takeo Obayashi, Shunji and Asako Oketa, Yoshiko Mori, Jenny Wang and Simian Wang—the atmosphere on Friday was more subdued. ARTnews took the opportunity to ask galleries how their sales had been so far.
Two brand-name galleries with Tokyo branches saw robust sales. By the middle of day two, mega-gallery Pace Gallery, a newcomer to the fair that did a soft opening for its new Tokyo space this week, either sold or had on strong reserve all eight works they were showing by Robert Longo, at prices ranging from $90,000 to $750,000. (All the works were going to local collections.) Meanwhile, Los Angeles’s BLUM, which has spaces in New York and Tokyo, sold a Ha Chong-Hyun painting for $250,000, a work on paper by Yoshitomo Nara for $180,000, a Kenjiro Okazaki painting for $160,000, and ceramics by Kazunori Hamana and Yuji Ueda for $20,000 each, among other pieces.
Tokyo’s ShugoArts sold two Lee Kit works, priced in the range of $30,000. Another Tokyo gallery, Anomaly, had sold out almost all of their works by Yusuke Asai, though the gallery declined to give prices.
BLUM founder Tim Blum told ARTNews that the fair seemed more or less the same as last year, but Taku Sato, director of Tokyo gallery Parcel, another returnee to the fair, had a less positive impression. “Compared to last year, as my expectations were not that high, I think so far [the second edition] is good,” Sato said. “However, I do feel there were more people from abroad last year than this year, and more institutional curators last year.” Parcel is showing large works by Tomonari Hashimoto. So far, numerous smaller pieces by Hashimoto have sold, ranging from $3,000 to $5,000, some going into notable private collections in Japan.