Is there still growth in Asia Art?
MONUMENT VALLEY - a game that became more than a game. How a design company based across three continents fell in love with artist MC Escher and turned impossible puzzles of art into possible puzzles and gaming to enjoy on the Apple iPad.
Oh and the music score is pretty good too ... (more here)
Is there still growth in the Asian Art Market?
It was not too long ago that "Newsweek" raved about the imminent bursting of the U.S. art bubble. But while some folks talked down the market there, other developments happened in Asia. Just what does the Asian Art Market have that other markets either lack or struggle to match? Answer - "Diversity". So while the market pauses to consider the best options open to art investors, there is still a lot of value in the art market.
As more and more existing and newer artists come to the fore with fresh ways of seeing Asian culture and exposing us to that culture - Asian artists and creative people can fold their experiences into their work and unleash it on us. It passes to us through Books, Art, Music, Theater, Dance, Sculpture or Movies. Asia has always been a rich melting pot of cultural change. Nowhere is culture more fascinating and begging to be understood by the masses, and yes even bought and owned. Nothing is more amazing or exciting as whatever is just arriving or new.
Art has long been that strange telescope that somehow allows us to see inside the heart of those that witness change in the world. Some good change, and some bad change. We all saw the problems of the financial downturn. But art sees it and records and captures it. So art is just an extension of our curiosity, in a way. Art lends interpretation to everything. In light, form, shape, texture, color or sound... art sees it all. And as art sees all, it evolves - and so we evolve with it, and so become more knowledgeable. Now it is changing and moving again.
Hong Kong has always been a bell-weather for what way the wind turns in the Asian art world. While the recent events in Asia have made art buyers more cautious, there is still great art to be found and appreciated. While the herd might be construed by some to be thinning out, others disagree. This is also the chance for emerging and talented artists to get their foot in the door. Every change in any market, including the art market - can become an opportunity for good artists, and for those who sense a bargain. So every change should be welcomed, even explored.
It goes without saying that if artists in some parts of Asia were not getting good returns on their art endeavors, the worry is that they might consolidate their efforts and migrate to areas where art is flourishing and where buyers and galleries nurture that talent. And in a more competitive art market, where art is thriving more in some Asian countries such as the Philippines, the options for artists are many. Companies, galleries, corporations and institutes are still looking for quality art to showcase. Buyers have not gone away. Art has not diminished, any more than culture has diminished. Culture does not stop or regress, it keeps evolving. (If it seems like it takes naps, they are only naps in between meals.)
So the many strands of business, practice and art of Art itself all thread and weave together into constant new innovation. Some small adjustments of expectations and perhaps some prices adjustments might be required in some art markets in Asia, but the love for art never goes away. It's pretty solid.
Some investors have been renowned for ignoring so-called "market sentiment" and being more bolder, while others are being cautious, and those bolder investors have proved to be right. Being curious can be rewarding for art lovers. It's easy to see why Asia can still punch above its weight and lead the world when it comes to Art.
June 2016 (Alan Mc Keogh is an artist and blogger. Oberon Tan is an editor, guest writer. blogger and tree hugger.)
Hong Kong Art Basel
ART BUYERS MORE CAUTIOUS
Art collectors are focusing more on emerging artists and established names in the art world, according to sources in Hong Kong. As the three day art event takes place, many art lovers are looking to see how much art is fetching in price and how quickly it sells.
Adrian Cheng, founder of K11 Art Foundation says the art market is polarised. Art buyers are returning to entry-level art works to which they feel emotionally attached.
Since the uncertainties in the Asia sector recently, investors are focusing on top art names, who's art will maintain value, as well as fresh new art from emerging artists who are worth a punt.
Art Basel in Asia is known for featuring some of the leading galleries who showcase art of all varieties. It is noted for paving the ways and careers of many artists, and it showcases over 4,000 artists at the Hong Kong Convention and Exhibition Center.