What's Happening?
Evelyn Lin, a seasoned art industry professional, has been appointed as the chairman of Modern and Contemporary Art, Asia at Sotheby’s. This appointment follows her recent tenure at Pace, where she served as president of Greater China. Lin will begin her new role on November 3, coinciding with Sotheby’s inaugural marquee sale at its new global headquarters in New York. Her appointment comes after the closure of Pace’s Hong Kong space, which will not renew its lease at the H Queen’s venue. Lin has a long history with Sotheby’s, having first joined the auction house in 1998 and played a pivotal role in establishing the Chinese contemporary art department in 2004. Her career includes setting major auction records in Asia, such as the sale of Zeng Fanzhi’s The Last Supper for $23 million in 2013.
Why It's Important?
Evelyn Lin’s return to Sotheby’s is significant for the art market in Asia, as her extensive experience and insights are expected to influence the auction house’s strategy in the region. Her previous achievements, including introducing prominent art movements and artists to Asia’s auction scene, highlight her ability to shape market trends. The closure of Pace’s Hong Kong space and Lin’s transition to Sotheby’s may reflect broader shifts in the art market dynamics in Asia, potentially affecting how galleries and auction houses operate in the region. Lin’s leadership could bring new perspectives to Sotheby’s operations, impacting collectors and artists engaged with the Asian art market.
What's Next?
As Evelyn Lin assumes her role at Sotheby’s, the art market will be watching for changes in auction strategies and the introduction of new artists and movements under her leadership. Sotheby’s upcoming marquee sale in New York may serve as a platform for Lin to showcase her vision for the future of Modern and Contemporary Art in Asia. Additionally, the closure of Pace’s Hong Kong space might prompt other galleries to reassess their presence in the region, potentially leading to further shifts in the art market landscape.
Beyond the Headlines
The appointment of Evelyn Lin and the closure of Pace’s Hong Kong space may have deeper implications for the art industry, including the evolving role of Hong Kong as a cultural hub. Lin’s experience in both primary and secondary art markets could influence how Sotheby’s engages with artists and collectors, potentially reshaping the auction house’s approach to art sales in Asia. Furthermore, the decision by Pace to exit its Hong Kong venue might signal a reevaluation of the city’s significance in the global art market.
