Asian Collectors Were on the Bleeding Edge of the Recent Art-Market Boom. Now, They're Pumping the Brakes
The most recent contemporary-art evening sales in Hong Kong were down a combined 30 percent from a year earlier.
Source: artnet.com
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The Dawn of the 'Art Bro': How Hungry Investors Are Moving the Markets for Young Artists From Their Bedrooms
Connor Remes with a painting by Basquiat. Courtesy of Remes Advisory. The Art Detective is a weekly column by Katya Kazakina for Artnet News Pro that lifts the curtain on what’s really going on in the art market. From his home in Minneapolis, Minnesota, 27-year-old dealer Connor Remes talks to dozens of art buyers every week. Most are in their 20s and 30s, based in mainland China, Hong Kong, and Taiwan, and pursue works ranging from $10,000 to $1.5 million. Frequent conversations involve emerging artists with soaring markets like Amoako Boafo and Eddie Martinez and others who are poi...
Source: artnet.com