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The Shifting Landscape of the Asian Art Market

Recent studies have shown that in 2022, the Chinese art market experienced a decline in art sales of 14%, the closure of many private museums, and cancellation of artworld events and auctions, affecting the country’s market growth. How does this affect the future of the Asian art market?

Friday, May 12

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In this talk, three experts explore this question and share their thoughts on the shifting landscape of the Asian art market through their own connections to China, Japan and Korea. How will the Asian art market develop in the future? What regional developments might we expect? Where will the next art market hotspot be? And what will this mean for collectors?

TEFAF Talks are interactive panel discussions exploring today’s most fascinating topics in the worlds of art, antiques, and design. Paired with leading content partners, these talks showcase the knowledge of leading experts in the broader TEFAF community. This talk is presented in partnership with the Financial Times and moderated by Lilah Raptopoulos, host of FT Weekend, the life & arts podcast for the Financial Times.


Moderator: Lilah Raptopoulos, Host, FT Weekend podcast

Lilah is the host of the FT Weekend podcast and is a US culture writer at the Financial Times. She has a background in cultural coverage and community journalism, both at the FT and previously at The Guardian, and she has a masters in journalism for digital innovation from NYU.

Kejia Wu, Author and Columnist for Financial Times - Chinese Edition

Author of A Modern History of China’s Art Market, Columnist for FT Chinese & Trustee of the New York Studio School. She was awarded Art Market Observer of the Year by The Art Newspaper China. Kejia previously oversaw Asia projects and strategy at Sotheby’s and was a member of the faculty at Claremont Graduate University and Sotheby’s Institute of Art. Kejia is a graduate of Yale and Renmin University.

Fergus McCaffrey, President, Fergus McCaffrey

Kyung-mee Park, President, PKM Gallery

Commissioner of Korean Pavilion, the 49th Venice Biennale, 2001 Founder and President of PKM Gallery, 2001 - Now

Photo: Manson Yim, Classic cityscape of Hong Kong during sunrise, 2021