Young Asian Artists Are Facing a Market Slowdown

SummaryAuction sales for '90s-born Asian artists have dropped significantlyAverage prices down 26 percent to $13,905 USD per workAuction sales for young Asian artists born in the 1990s have dropped to their lowest level in three years, according to The Asia Pivot by Artnet. Total sales fell to $9.7 million USD in 2024, with average prices down 26 percent to $13,905 USD per work. The segment which was once seen as a fast-rising part of the market is now slowing.Artists who previously led the pack...