Hong Kong's Macey & Sons Sees 'Great Deal of Opportunity' in Art Market

The video discusses the current state of the Asian art market, highlighting opportunities despite economic challenges like the Hong Kong protests and trade war. It emphasizes the importance of targeting younger buyers through social media platforms like Facebook and Instagram. The video also explores trends in art purchases, noting a rise in contemporary Chinese art among young buyers. Despite a dip in the contemporary market, the outlook remains positive. Auction prices are currently low, but sellers are motivated by favorable market conditions.

What is the current state of the art market in Hong Kong despite economic challenges?

• It is experiencing a crisis.

• It is very unstable.

• It is a stable place with opportunities.

• It is declining rapidly.

Which platforms are being used to attract younger art buyers?

• Pinterest and Tumblr

• LinkedIn and Twitter

• Snapchat and TikTok

• Facebook and Instagram

What age group is being targeted in the art market's new strategy?

• 18 to 28 years old

• 22 to 32 years old

• 30 to 40 years old

• 25 to 35 years old

What type of art is currently popular among buyers in Asia?

• Baroque art

• Contemporary Chinese art

• Modern European art

• Renaissance art

How are auction prices being set in the current market?

• Higher than usual

• Randomly set

• Unchanged

• Lower than usual