Hong Kong. (Getty Images)

A year and a half after snapping up a majority stake in the Art Hong Kong fair, the Art Basel group is readying the debut edition of Art Basel Hong Kong, as it has rechristened the fair, and today released the list of 245 exhibitors that will present work at the Hong Kong Convention and Exhibition Centre from May 23 through 26. (The full list follows below.)

More than 30 galleries with spaces in New York have been accepted into the fair this year, including Marian Goodman, Acquavella, Gladstone, Galerie Lelong, Gagosian, David Zwirner, Peter Blum and 303, the last two as first-time participants. The Lower East Side’s Lisa Cooley is also in the mix, showing in the fair’s new Discoveries section, for one- and two-person shows, which has a $25,000 prize for best booth.

Those New York dealers will join a bevy of their Asia-based colleagues. “We've been very struck by the quality of the galleries coming from Asia and the Asia-Pacific region,” Magnus Renfrew, who served as director of Art HK since its inception and whose title is now Director Asia of Art Basel, told Gallerist in a telephone interview from Hong Kong. More than half of exhibitors hail from the region, including 47 galleries in a new section called Insights, devoted to art from those areas.

Marc Spiegler, who was promoted to the head of Basel’s four-member executive committee after five years as co-director of Art Basel, noted that this emphasis on the region parallels the dealer demographics of the December’s annual Miami Beach, Fla., edition of Basel, which is heavy on galleries from the Americas, and the Basel, Switzerland, edition, which prominently features European galleries each June. “It was important to keep the same rootedness in the region,” Mr. Spiegler said.

Where ABHK might face some complications is with what has become a jam-packed art-fair calendar. This year, it comes just two weeks after the sophomore edition of Frieze New York (last year it came one week after), meaning that some dealers (and maybe even collectors) have to make tough choices about where to spend their capital, and their time. “I think that galleries really have to make a decision about where they're investing their energy,” Mr. Spiegler said, when asked about potential competition between the two fairs. “A lot of galleries have been putting effort into building their audience in Asia.”

“The market is in a relatively early stage of development here,” Mr. Renfrew said. Mr. Spiegler echoed that feeling, comparing today’s market in Hong Kong to that which existed 10 years ago in Miami, during the first few editions of Art Basel Miami Beach. “To be taken seriously as an international gallery or museum, you can't just focus on the West,” he said. “You feel that culture is growing more important here. We want to be part of a culture surge in this really dynamic city.

“We’re riding a wave that has great force and speed.”

The full list follows below.

Galleries
10 Chancery Lane Gallery, Hong Kong
100 Tonson Gallery, Bangkok
1301PE, Los Angeles
303 Gallery, New York
Acquavella Galleries, New York
Alan Cristea Gallery, London
Alisan Fine Arts, Hong Kong
Almine Rech Gallery, Paris
Ameringer | McEnery | Yohe, New York
Andersen's Contemporary, Copenhagen
Andréhn-Schiptjenko, Stockholm
Anna Ning Fine Art, Hong Kong
Annely Juda Fine Art, London
Arario Gallery, Cheonan, South Korea
Ark Galerie, Jakarta
Arndt Berlin, Berlin
Atlas Gallery, London
Aye Gallery, Beijing
Beck & Eggeling, Dusseldorf
Beijing Art Now Gallery, Beijing
Beijing Commune, Beijing
Ben Brown Fine Arts, Hong Kong
Bernard Jacobson, London
Bernier / Eliades, Athens
Blum & Poe, Los Angeles
Boers-Li Gallery, Beijing
Buchmann Galerie, Berlin
carlier | gebauer, Berlin
Casa Triângulo, São Paulo
Cecilia de Torres, Ltd., New York
Chemould Prescott Road, Mumbai
Chi-Wen Gallery, Taipei
Contemporary Fine Arts, Berlin
David Zwirner, New York
de Sarthe Gallery, Hong Kong
Delhi Art Gallery, New Delhi
Diana Stigter, Amsterdam
Dirimart, Istanbul
Dominique Levy Gallery, New York
Eslite Gallery, Taipei
Gagosian Gallery, Hong Kong
Gajah Gallery, Singapore
Galería Joan Prats, Barcelona
Galeria Nara Roesler, São Paulo
Galería OMR, Mexico City
Galeria Pedro Cera, Lisbon
Galerie Chantal Crousel, Paris
Galerie Daniel Templon, Paris
Galerie Eigen + Art, Berlin
Galerie Eva Presenhuber, Zürich
Galerie Gebr. Lehmann, Dresden
Galerie Gmurzynska, Zürich
Galerie Hans Mayer, Dusseldorf
Galerie Karsten Greve, St. Moritz
Galerie Krinzinger, Vienna
Galerie Lelong, New York
Galerie Mark Müller, Zürich
Galerie Mezzanin, Vienna
Galerie Nathalie Obadia Paris / Brussels, Paris
Galerie Perrotin, Hong Kong
Galerie Thaddaeus Ropac, Paris
Galerie Urs Meile, Beijing-Lucerne Galerist, Lucerne
Galleria Continua, San Gimignano, Italy
Galleria d'Arte Maggiore G.A.M., Bologna
Galleria Lorcan O'Neill Roma, Rome
Gallery EXIT, Hong Kong
Gallery IHN, Seoul
Gallery Koyanagi, Tokyo
Gallery Skape, Seoul
Gandhara-art, Hong Kong
Gladstone Gallery, New York
Goodman Gallery, Johannesburg
GRIMM, Amsterdam
Grotto Fine Art, Hong Kong
Hakgojae Gallery, Seoul
Hanart TZ Gallery, Hong Kong
Harris Lieberman, New York
Hauser & Wirth, Zürich
Ibid, London
Ingleby Gallery, Edinburgh
James Cohan Gallery, New York
Jensen Gallery, Sydney
Johnen Galerie, Berlin
Jorge Mara - La Ruche, Buenos Aires
Kaikai Kiki Gallery, Tokyo
Kavi Gupta Gallery, Chicago
Kerlin Gallery, Dublin
Kukje Gallery, Seoul
Langgeng, Magelang, Indonesia
Leandro Navarro, Madrid
Lehmann Maupin, Hong Kong
Leo Castelli Gallery, New York
Lia Rumma, Milan
Lin & Lin Gallery, Taipei
Lisson Gallery, London
Lombard Freid Gallery, New York
Long March Space, Beijing
Marian Goodman Gallery, New York
Marianne Boesky Gallery, New York
Marlborough Gallery, New York
Massimo De Carlo, Milan
Max Wigram Gallery, London
Mayoral Galeria D'Art, Barcelona
McCaffrey Fine Art, New York
Michael Werner, New York
Mizuma Art Gallery, Tokyo
Murray White Room, Melbourne
Nadi Gallery, Jakarta
Nanzuka, Tokyo
Nature Morte, New Delhi
Neugerriemschneider, Berlin
ONE AND J. Gallery, Seoul
Osage Gallery, Hong Kong
Ota Fine Arts, Tokyo
Pace, Beijing
Pace Prints, New York
Paragon, London
Paul Kasmin Gallery, New York
Pearl Lam Galleries, Hong Kong
Pékin Fine Arts, Hong Kong
Peres Projects, Berlin
Peter Blum Gallery, New York
Pilar Corrias, London
PKM Gallery, Seoul
Platform China, Hong Kong
Polígrafa Obra Gráfica, Barcelona
Project 88, Mumbai
Rhona Hoffman Gallery, Chicago
Richard Gray Gallery, Chicago
Roslyn Oxley9 Gallery, Sydney
Rossi & Rossi, London
Sadie Coles HQ, London
Sakshi Gallery, Synergy Art Foundation Ltd., Mumbai
SCAI The Bathhouse, Tokyo
Sean Kelly Gallery, New York
Shanghai Gallery of Art, Shanghai
ShanghART, Shanghai
ShugoArts, Tokyo
Sies + Höke, Dusseldorf
Sikkema Jenkins & Co., New York
Silverlens, Manila
Simon Lee Gallery, London
Singapore Tyler Print Institute, Singapore
Soka Art, Taipei
Sprüth Magers Berlin London, Berlin
Starkwhite Gallery, Auckland
Stephen Friedman Gallery, London
Stuart Shave / Modern Art, London
Taka Ishii Gallery, Tokyo
Tang Contemporary Art, Beijing
The Breeder, Athens
The Drawing Room, Manila
The Guild, Mumbai
Timothy Taylor Gallery, London
Tina Keng Gallery, Taipei
Tomio Koyama Gallery, Tokyo
Tornabuoni Art, Paris
Vadehra Art Gallery, New Delhi
Van de Weghe, New York
Victoria Miro, London
Vitamin Creative Space, Guangzhou and Beijing
Volte Gallery, Mumbai
Wako Works of Art, Tokyo
Wentrup, Berlin
White Cube, Hong Kong
White Space Beijing, Beijing
Wilkinson, London
XL GALLERY, Moscow
Yamamoto Gendai, Tokyo
Yvon Lambert, Paris

Insights
313 Art Project, Seoul
A Thousand Plateaus Art Space, Chengdu, China
Arataniurano, Tokyo
Art:1 by Mondecor Gallery, Jakarta
Artcourt Gallery, Osaka, Japan
Artinformal, Mandaluyong City, Philippines
Blindspot Gallery, Hong Kong
CAIS Gallery, Hong Kong
CDA-Projects Gallery, Istanbul
Chambers Fine Art, Beijing
Chan Hampe Galleries, Singapore
Dianne Tanzer gallery + projects, Melbourne
Edouard Malingue Gallery, Hong Kong
Edwin's Gallery, Jakarta
Exhibit320, New Delhi
FEAST Projects, Hong Kong
Fine Arts Literature Art Center, Wuhan, China
Galeri Canna, Jakarta
Galerie Mirchandani + Steinruecke, Mumabi
Galerie Ora-Ora, Hong Kong
Gallery EM, Seoul
Gallery Side 2, Tokyo
Gallery Yamaki Fine Art, Kobe, Japan
Gallery Yang, Beijing
Hadrien de Montferrand Gallery, Beijing
ifa gallery, Shanghai
Magician Space, Beijing
Manila Contemporary, Manila
Misa Shin Gallery, Tokyo
Neon Parc, Melbourne
Park Ryu Sook Gallery, Seoul
Pi Artworks, Istanbul
Ryan Renshaw Gallery, Brisbane
Schoeni Art Gallery, Hong Kong
Semarang Gallery, Semarang, Indonesia
Sin Sin Fine Art, Hong Kong
Standing Pine, Nagoya, Japan
Star Gallery, Beijing
Sullivan+Strumpf, Sydney
Tolarno Galleries, Melbourne
Wei-Ling Gallery, Kuala Lampur
Xin Dong Cheng Gallery, Beijing
X-ist, Istanbul
XVA Gallery, Dubai
Y++ | Wada Fine Arts, Tokyo
Yuka Tsuruno, Tokyo
Yumiko Chiba Associates viewing room Shinjuku, Tokyo

Discoveries
2P Contemporary Art Gallery, Hong Kong
Aike-Dellarco, Shanghai
Balice Hertling, Paris
BolteLang, Zürich
Francesca Minini, Milan
Galeria Plan B, Cluj, Romania
Galerie du Monde, Hong Kong
Galleria S.A.L.E.S., Rome
Galleryske, Bangalore
Juliètte Jongma, Amsterdam
Kalfayan Galleries, Athens
Karma International, Zürick
Leo Xu Projects, Shanghai
Lisa Cooley, New York
Mendes Wood, São Paulo
Monitor, Rome
mother’s tankstation, Dublin
Munjin-To Production, Tokyo
Pippy Houldsworth Gallery, London
RaebervonStenglin, Zürich
Rokeby, London
Saamlung, Hong Kong
Seven Art, New Delhi
Take Ninagawa, Tokyo
Utopian Slumps, Melbourne
Weingrüll, Karlsruhe
Workplace Gallery, Newcastle, United Kingdom

Art HK. (Courtesy Paddy/Flickr)

Annette Schönholzer and Marc Spiegler, the co-directors of the annual Art Basel fairs, announced today that they are readying a Hong Kong edition for May, 2013, which will replace the city-state's popular and fast-rising Art Hong Kong fair. (Last year, the Switzerland–based MCH Group, which owns the Art Basel fairs, grabbed a 60 percent stake in Asian Art Fairs Ltd., the parent company of Art HK.)

Magnus Renfrew, the director of Art HK, has been appointed as "Art Basel's Director Asia," according to a statement released by Art Basel, meaning that he will run the Hong Kong fair, which will be on view May 23 to May 26 in 2013. Art Basel says the fair, which takes place at the Hong Kong Convention and Exhibition Centre, will feature about 250 international galleries.

Many of the world's top-flight dealers may soon find themselves on the road for months at a time, with major fairs in Brussels, Cologne and Mexico City during April, Frieze New York taking place in early May, Art Basel's Hong Kong entry situated at the end of May and the premier Basel fair taking place in its namesake city in mid June. And Armory Week, of course, continues to offer a plethora of fairs in New York in early March.

Asked by The Wall Street Journal about the May timing of the fair, which is situated around Hong Kong's spring auctions, Mr. Spiegler noted that the convention center is tightly booked throughout the year with various events but he allowed, "This is an issue we’ve been working on."