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Art Basel has canceled its Hong Kong fair in March because of the city’s ongoing protests and the coronavirus emergency.

“Our thoughts are with those affected by the recent coronavirus outbreak around the world,” Basel global director Marc Spiegler said in a statement, calling the decision “extremely difficult.”

“We explored every other possible option before” canceling, he said. The fair has promised it will return in 2021.

The Hong Kong Art Gallery Association released a statement in January encouraging Art Basel to hold the fair, but a number of international galleries had called for its cancellation.