Art Collectors
TheWall: More younger art collectors are emerging in Southeast Asia
Maybank Private, the wealth management division of Maybank Group that serves high-net-worth and ultra-high-net-worth clients, has observed that there is a vibrant art scene in Southeast Asia. Younger faces are emerging, with some paying top dollar for art produced by globally and regionally renowned artists.
It is against such a backdrop that Maybank Private hosted an exclusive event in late June. Themed “Asian art market: In conversation with Sotheby’s”, the event featured expert discussions on the growing demand for art collecting in Asia. It also highlighted art collecting trends, valuations and opportunities in the Asian art market.
Read more: https://theedgemalaysia.com/node/720004
For anyone new to collecting, auctions can be an enigmatic part of the market.
Auction houses are some of the art world’s most storied and recognizable institutions. With a history dating back to the 17th century, art auctions facilitate the sale of artworks through competitive bidding. Because their sales and results are public, they often play a significant role in illustrating art market trends.
The traditional image of an auction house—grand theaters of paddle waving and hammer raising—is still a common feature of the art world. But the eye-popping sales figures that often make headlines are not the full picture: Alongside these headline-grabbing sales, day auctions offer works at accessible price points, providing approachable entry points for new collectors.
Read more: https://www.artsy.net/article/artsy-editorial-25-auction-terms-art-collector
