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Regretfully, we believe this situation needs decisive leadership and the fatally wounded Art Basel Hong Kong 2020 needs to be put out of its misery and quickly. Having taken soundings and we can tell you, not one of our foreign clients will be attending and they are surprised the fair is still on. [...] There is absolutely no doubt in our minds that this art fair is now commercially on artificial life support.
Art Basel and MCH leadership are taking the situation in Asia extremely seriously and we share many of the concerns expressed to us by our gallerists. At this time, we do not have an update to share. We recognize the urgency, and we are working hard to explore all possible options.