While Hong Kong still remains relatively closed off to visitors due to the city’s stringent quarantine measures, other Asian art hubs are slowly roaring back to life. The last weekend of August saw Southeast Asian collectors flocking to Sotheby’s first live sale in Singapore in 15 years, as well as to Indonesia’s Art Jakarta fair, which returned after a two-year.
A month before the collapse of Terra Luna, Shavonne Wong – one of the bona fide NFT stars from Singapore – sold a collection of NFTs (non-fungible tokens) to a global fanbase in just one minute. The project, titled By Proxy, was in collaboration with hot young photographer Lenne Chai. It showed 60 images of a digitally sculpted schoolgirl coming.
A month before the May collapse of Terra Luna, Shavonne Wong – one of the bona fide NFT stars from Singapore – sold a collection of NFTs (non-fungible tokens) to a global fanbase in just one minute. The project, titled By Proxy, was in collaboration with hot young photographer Lenne Chai. It showed 60 images of a digitally sculpted schoolgirl.
Brave New World: Meet the New Generation of Art Collectors Share
Young, ambitious, educated and wealthy, a new generation of art collectors is taking the art world by storm.
Snapping up more works than ever before, a new and sharp-eyed generation of buyers is taking risks on emerging names and investing heavily in blue-chip artists. Beyond potential financial gains, these ambitious, educated and wealthy young people are also drawn to the prospect of joining the exclusive club that is the art world.
“The growth has just been phenomenal,” says Charlotte Raybaud, head of evening sale, 20th-century and contemporary art at Phillips Hong Kong, of the number of young art aficionados entering the market. “It’s also undeniable that art has become a very valuable alternative investment. While you should always collect [based on] your passion, it’s hard to not pay attention to the big prices that are being achieved at auction and in galleries.”
The Straits Times
In total, there are 38 works by 22 artists on display.PHOTO: THE CULTURE STORY
https://str.sg/JzZb
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