"Hot dog" from Financial Times

"I have often described the Hong Kong art fair, which goes into its fourth edition in May, as the potential "Art Basel of Asia". I might have been prescient: Art Basel is in talks with the Hong Kong fair. One of its owners, Tim Etchells, managing director of Single Market Events, confirmed that discussion "have been going on for some time." Buying the Hong Kong fair would certainly be in the interests of Art Basel, as it would give the Swiss organisation access to the Asian market. But Etchells says, "We have had approaches from other people as well and it's definitely not a done deal." Art Basel declined to comment."