Younger and fresher names are gaining prominence in the art scene as Asian collectors brush past their comfort zones, shifting their gaze from Western values to a wider spectrum of artists and themes.
Francis Belin, president of Christie’s Asia Pacific, said the desire to diversify collections with works by emerging contemporary artists is amongst the motivations for their Asian buyers when purchasing art.
Auction house Phillips also observed this trend as some of the top performing lots in its Spring sales were works by younger Asian artists such as Teppei Takeda of Japan and Cui Jie, Sun Yitian, and Xia Yu of China.
Takeda’s “Painting of Painting 026” fetched US$235,528 (SG$317,721) during Phillips’ Evening Sale on 31 May, more than six times its pre-sale high estimate.
The art piece “set the second highest price for the artist at auction,” said Meiling Lee, head of Modern and Contemporary Art in Asia at Phillips.
In the same evening sale, Sun Yitian, often referred to as China’s “It” artist, achieved her second highest price with the sale of “A Tender Panther” at US$211,163 (SG$284,853).
This year, Phillips made sure to put a spotlight on younger artists. “In our Spring auctions in Hong Kong, we also offered a selection of Chinese contemporary works produced by artists born in the 1960s to 1990s, including Zhang Enli, Ding Yi, Huang Yuxing, Liu Wei, Chen Ke, Xia Yu, Cui Jie, Sun Yitian, Zhang Zipiao, and more,” Lee said.
With works of younger artists, particularly those of Asian descent, deservedly hugging the limelight, Phillips has increased their share in Hong Kong Sales.
Esta historia es de la edición Issue 108 de Singapore Business Review.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición Issue 108 de Singapore Business Review.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
How TikTok powers cross-border shopping for Singapore retailers
The yellow basket feature allows viewers to purchase items directly during livestreams.
Income Insurance seeks to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
SIDS fights misconceptions in interior design with accreditation, education
The organisation is setting up a digital platform to speed up accreditation from 6 to 2 months.
IHH's proton therapy takes aim at tumours with precision and low risk
Leaving surrounding organs at risk during cancer treatment might become a thing of the past.
SingPost pivots from mail to logistics as e-commerce demand drives growth
It is banking on e-commerce to drive its logistics unit, which accounts for 69% of revenue.
Singapore needs SEA neighbours to power renewable energy transition
Experts favour Malaysia and Indonesia as renewable energy import sources.
Singapore's architecture blueprint spurs push to tackle brain drain in other sectors
Paying the country's architects just right will hopefully stop the brain drain.
Millionaires eye a piece of Singapore's rich colonial era
The country's remaining 6,500 shophouses are in high demand amongst the ultra-rich.
HDB resale portal unlikely to cut out property agents
The portal enables sellers to list their units themselves.
Factory and retail spaces shine as housing heads for worst market slump in 16 years
Its manufacturing and tourism rebound will spur demand for industrial and high-street shops.