Resilience seen among Asian buyers, with China recovery aiding prospects Gallery owner Meg Maggio is optimistic about the prospects for the Asian art market in 2021, believing buyers' appetite will hold up even as the coronavirus changes how the players connect. Maggio, the director of Pekin Fine Arts, with contemporary art galleries in Beijing and Hong Kong, has witnessed how the ranks of the region's art collectors have expanded in the past few years, and hopes that the buyers will remain in the market. "The art market moves in tandem with the economy. What comes first is the foundation of Asian economic growth ... it doesn't look like it's affected too much (by the pandemic). And that's because of the strength of domestic consumption," said Maggio, who is from the United States.