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The Shifting Landscape of the Asian Art Market

Overview Recent studies have shown that in 2022, the Chinese art market experienced a decline in art sales of 14%, the closure of many private museums, and cancellation of artworld events and auctions, affecting the country’s market growth. How does this affect the future of the Asian art market? In this talk, three experts explore this question and share their thoughts on the shifting landscape of the Asian art market through their own connections to China, Japan and Korea. How will the Asian art market develop in the future? What regional developments might we expect? Where will the next art market hotspot be? And what will this mean for collectors? Panelists Lilah Raptopoulos — Host, FT Weekend podcast Kejia Wu — Author and Columnist for Financial Times - Chinese Edition Kyung-mee Park — President, PKM Gallery Fergus McCaffrey — President, Fergus McCaffrey Kyung-mee Park, President, PKM Gallery This TEFAF Talk was presented by Financial Times as part of TEFAF New York’s programming and took place on May 12, 2023 View full TEFAF Programming overview at https://www.tefaf.com/talks