In May 2011 MCH Swiss Exhibition (Basel) announced that it had snapped up a controlling stake in ART HK, the biggest annual event for Hong Kong's art scene and perhaps for all of Asia's.
Others are also likely saving up for next month's Art Basel, the Swiss contemporary art fair whose owner MCH Group recently bought a majority ownership stake in Art HK. (Next spring, Art HK will be renamed Art Basel Hong Kong.) The fair closes Sunday.