A market snapshot for Thomas Crampton

Thomas Crampton from Ogilvy asked me to give him a few impromptu comments on the state of the Asian art market.


Here are the main points
1- China as a new major art consumer: Chinese art collectors purchase everything from art to wine and jewelry, and you increasingly see international art galleries catering to them.

2- The rise of Indonesian Art as a serious, political and social commentary: Very much different from the tourist-driven known Balinese art with pretty women and village scenes.

3- The rise of Asian cities as international art hubs: Although Hong Kong is the number one art hub in Asia, thanks to all the auction business done there, Singapore is fast catching up and will host its first international art fair next year and will also open soon a Freeport, where art can be store and trade taax free.