DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News World Asia

Young Asian Artists Are Facing a Market Slowdown

June 2, 2025
in Asia, News
Young Asian Artists Are Facing a Market Slowdown
494
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Summary

  • Auction sales for ’90s-born Asian artists have dropped significantly
  • Average prices down 26 percent to $13,905 USD per work

Auction 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 are seeing sharp declines. Anna Park, who brought in $1.67 million USD in 2023, did not make the top 10 this year. Raghav Babbar’s average prices were cut nearly in half, despite most of his works still finding buyers.

Artnet points to a wider downturn across ultra-contemporary art. Fewer works are being sold, and those that do sell are often going for less. However, a few names continue to perform well. Yukimasa Ida from Japan remained among the top three. Sun Yitian from China ranked first in 2024 after her painting Prologue sold for $415,000 USD.

Women artists made up nearly half of the top 50, with many based internationally. The data suggests a market that is changing, with more global representation. China and Japan still account for most of the top-performing artists. Although the post-pandemic excitement around this group has cooled, these artists continue to reflect larger shifts in the market and are likely to influence future trends.

The post Young Asian Artists Are Facing a Market Slowdown appeared first on Hypebeast.

Tags: artnetreportsThe Asia Pivot
Share198Tweet124Share
Saturday, June 28, 2025: Your Horoscope
News

Saturday, June 28, 2025: Your Horoscope

by Bustle
June 28, 2025

The moon is in glam and glitzy Leo today, prompting people to get more theatrical with their feelings and express ...

Read more
News

Son of Norway princess charged with rape and sexual assault

June 28, 2025
News

Don Bacon, House GOP lawmaker critical of Trump’s handling of Ukraine war, won’t seek re-election: reports 

June 28, 2025
News

Report: Foreign Countries Asked by U.S. to Take Illegal Alien Deportees

June 28, 2025
News

Angels’ Ron Washington will remain on medical leave for rest of season

June 28, 2025
Russia has amassed 110,000 troops near strategic Ukrainian city, Kyiv says

Russia has amassed 110,000 troops near strategic Ukrainian city, Kyiv says

June 28, 2025
L.A. Army veteran with Purple Heart self-deports to South Korea under threat of deportation

L.A. Army veteran with Purple Heart self-deports to South Korea under threat of deportation

June 28, 2025
Mother and young kids inside during explosive Huntington Park raid; suspect not home

Mother and young kids inside during explosive Huntington Park raid; suspect not home

June 28, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.