Christie's International CEO Calls Asia 'Key Market' For Art

The video discusses the significant growth of the Asian art market, highlighting its evolution from traditional Asian arts to a focus on modern and contemporary art. Hong Kong has emerged as a central hub, reflecting the market's importance. The global art market has seen a shift towards contemporary and modern art, with design and photography gaining prominence. Collectors now buy across categories, leading to a rethinking of art offerings to match diverse tastes.

What was a significant change in the Asian art market in 2020?

• It became the largest market globally.

• It focused more on traditional art.

• It saw a decline in millennial buyers.

• It stopped buying contemporary art.

How has the Asian art market's focus changed over the years?

• From European art to American art.

• From sculptures to paintings.

• From modern art to traditional art.

• From traditional Asian art to modern contemporary art.

Which city is now considered a central hub for the Asian art market?

• Singapore

• Beijing

• Tokyo

• Hong Kong

What percentage of the art market is now represented by 20th to 21st-century categories?

• 70%

• 80%

• 60%

• 50%

How has the way people collect art changed globally?

• They focus only on one category.

• They collect across various categories.

• They only buy traditional art.

• They have stopped buying art.