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COLLECTING ART

Why You Should Start Collecting Asian Art Right Now

Why You Should Start Collecting Asian Art Right Now
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Image Credit: Installation view of RIFTS: Thai contemporary artistic practices in transition, the 1980s – 2000s at BACC Bangkok Source: Timeout Magazine

https://www.timeout.com/bangkok/art/rifts

In 2013, when Art Basel opened the doors of its first edition in Asia, the New York Times reported: “…this year, Hong Kong, once derided as a cultural desert, nabbed a prize coveted by cities across the region—serving as Art Basel’s only Asian outpost. The inaugural Art Basel Hong Kong, which opens to the public today, has drawn planeloads of collectors and gallery bigwigs from the West, lured here in part by the growing, glittery market”. The fact that the world’s most prestigious art fair had settled in Hong Kong was interpreted as a milestone in Asia’s art market race to success. 

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ART Basel Hong Kong, Source: Mousse Magazine 

In the past decades, in addition to the western interest in Asian art, a young generation of Asian collectors have begun turning their attention to the regional art scene, with the intent of creating a new model of collecting. A full annual calendar of biennials, shows, and art fairs has increased the region’s international visibility and it boosted the self-confidence of buyers from countries other than China, such as Malaysia, Indonesia, Thailand, and Singapore to adventure into collecting Asian art. 

Nevertheless, two decades is a very short time span for establishing a culture of collecting, therefore, much more art remains to be discovered and enjoyed, making the Asian Art Market one of the most exciting and promising art markets in the world.

Here are some reasons why you should start collecting Asian art right now: 

THE CULTURAL COMPLEXITY AND DIVERSITY

A critical question that has preoccupied the scholars is ‘What is contemporary Asian art?’ Contemporary art from Asia is now seen in major international exhibitions around the world, but is there such a thing as contemporary Asian Art when Asia is inhabited by hundreds of ethnicities speaking thousands of languages and dialects and practicing all major religions of the world?  

Art has been dramatically transformed by the late twentieth-century process of globalization. An extensive exchange between Europe and America on one side and Asia on the other side has led to the uniformity of the art practices across the globe - on the surface. Beneath the surface, contemporary Asian art cannot be removed from the context of tremendous political and economic changes in the region and from its history and cultural heritage, which is making it unique and adding layers of complexity.  

PHILIPPINES 

After the independence of the Philippines (1946) the quest for cultural identity began. In the decades that followed, Filipino art has seen fast changes that revived the interest in indigenous and non-Hispanic culture and the break from the colonial past. After an intense modernist period (Jose Joya) dominated by abstract American aesthetics, avant-garde experiments followed (David Cortez Medalla) only to pave the way for conceptual art (Ray Albano and Roberto Chabet). When the social realist-dominated era under the regime of Ferdinand Marcos finally came to an end, artists started to look elsewhere for inspiration reviving an earlier interest in the indigenous communities (Imelda Cajipe Endaya). Currently, many contemporary artists are exploring topics such as mass migration and the socio-political situation.  

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Paytas 2013, Oscar Villamiel, Source: Artsy 

Oscar Villamiel’s work highlights elements of poverty, consumerism, and religion in his country. During the 2013 Singapore Biennale, he exhibited a large-scale installation Payatas that featured thousands of salvaged doll heads and other items gathered for two-and-a-half years to remember the victims of a tragedy that took place in the Payatas, Quezon City, where a number of unaccounted scavengers died under the collapse of the land.  

Ronald Ventura is another prominent contemporary Filipino artist known for his unique style and dynamic scenes combining realism, cartoons, and graffiti. Ventura's references range from science fiction, Western history, Asian mythology, Catholicism and popular comic book characters. 

INDONESIA AND THAILAND 

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Super Jumbo, 2011, Heri Dono, Source: The New York Times 

 As the first Indonesian artist to break into the global art scene during the early 1990s, Heri Dono's work is highly appreciated for his use of traditional art forms such as Hindi literature, Wayang puppetry, Javanese metaphysics, recycling techniques and a wicked sense of humor. These creative practices express Dono’s commitment to social justice and his interest in revitalizing arts that are deeply rooted in Indonesian traditions. 

Thai artist Piyarat Piyapongwiwat uses her art as a platform to give a voice to marginalized groups and to highlight the difficulties faced by artists in a military-run country like Thailand. The many other examples of the very complex art practice specific to contemporary Asian artists should determine any person with an interest in art to start a personal voyage of discovery and to build connections with the art produced in the region.  

ECONOMIC REASONS 

There has always been a direct relationship between the wealth of society and the art market since art collecting is the privilege of individuals having disposable income.  

According to the World Wealth Report report, HNWI population in the Asia-Pacific region in 2020 was 6.9 million with a cumulated wealth of US$24 trillion, ranking second after North America, a year-on-year increase of 5.8% and 8.4%, respectively.  

Source: https://worldwealthreport.com/reports/population/north-america/ 

Furthermore, according to The World Economic Forum, in 2020, an estimated 2 billion Asians were members of the middle class and that number is set to increase to 3.5 billion by 2030. In comparison, middle-class membership in the Americas is expected to hit 689 million in 2030, currently counting 647 million in 2020.  

Source: https://www.weforum.org/agenda/2020/07/the-rise-of-the-asian-middle-class 

Asia is looking great in statistics, a strong reason for optimistic predictions for the art market in the near future. A growing middle class is a sign of economic health and it is expected to translate into increasing demand for art and further market appreciation for contemporary Asian artists, as can already be observed in the secondary art market. Major auction houses (Christie’s, Sotheby’s and Phillips) are hosting Contemporary Asian Art sales with great success. 

GROWING POTENTIAL 

Considering the affordability of the Asian art market, when compared to the established western nations, now is the ideal time to start collecting or expanding your collection of Asian contemporary art. Asian artists have been steadily making waves, and history, amid decades of growth. But despite seeing a positive trend, there are still many under-evaluated artists with an incontestable historical value. For example, Kazuo Shiraga’s paintings are sold for millions at auction, in comparison with other pioneer members of the Gutai movement being sold in the lower hundreds; the same could be said about the post-war generation of conceptual Filipino artists or the Indonesian and Thai contemporary artists. 

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10,000 Paintings I Must Paint Before I Die, 2009, Roberto Chabet, Source: Asia Art Archive 

Having said this, there are many contemporary artists whose markets remain primary. The number of artists that had no exposure to the auction system makes up a substantial part of Asia’s emerging contemporary art landscape. Many Asian artists are successful in their country through their studios, local galleries, or cultural institutions, but haven’t yet had the opportunity to establish themselves on the international scene. Closing this gap is possible by enabling technology to connect artists and collectors. This comes as a big responsibility for art platforms and art marketplaces such as RtistiQ.  

A FUNCTIONAL ART ECOSYSTEM  

A growing Asian network of art institutions, art events, art academics and professionals is crucial in the effort of the self-determination of contemporary Asian art. To quote the director of one of the most ground-breaking art spaces, Para Site Hong Kong, Cosmin Costinas: “There are great efforts currently done to decolonize the world of art, from what is being said and by whom they are being said, to how we understand institutions and funding and the power structures that lie behind them.” 

Growing an art infrastructure focused on Asian art is crucial for the art market to reach its potential. These institutions are playing a key role in researching, documenting, and recording artists, art movements, their interconnections, together with the socio-political and economical context from which they have emerged, ultimately validating artists independently from the Western art recognition system.  

In the past decades, many blue-chip dealers (Pace Gallery, Gagosian, White Cube, and David Zwirner) have been setting up outposts in Asia, especially in Hong Kong but most importantly, many homegrown galleries have become internationally successful and are able to foster the careers of Asian artists.  

The institutional scene has also come a long way with the opening of many private and public museums and art institutions: Hong Kong Museum of Art, Singapore Art Museum, MACAN Jakarta, Mori Art Museum Tokyo, soon to be open M+ Museum Hong Kong, Asia Art Archive Hong Kong, BACC Bangkok, MAIIAM Contemporary Art Museum in Chiang Mai. 

In normal times, a full art calendar of major art events is keeping the art enthusiasts busy for the entire year: 

Biennale:  

Gwangju Biennale (South Korea) 

Busan Biennale (South Korea) 

Bangkok Art Biennale Thailand 

Shanghai Biennale China 

Taipei Biennial Taiwan 

Kochi-Muziris Biennale, India 

Guangzhou Triennial, China 

Art Fairs:  

Art Basel Hong Kong 

Shanghai Contemporary Art Fair 

India Art Fair 

Tokyo International Art Fair 

Art Fair Philippines 

Art Jakarta, Indonesia  

Discover emerging Asian artists on RtistiQ and start collecting their art available in our latest curated collection ASIAN ART TO COLLECT. 

 https://art.rtistiq.com/en/collections/asian-artists-to-collect- 

Author: Floarea Baenziger

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South East Asian Art Market Trends

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The increasing affluence and greater influence in matters of global politics and economics of this region, has played a part in the flush of contemporary art from this region. It is often seen as a platform to find a foot hold for region specific art, in the global art world and to showcase the new, modern face of Asia to the world. More than galleries or auction houses, it is the educated, well-heeled and wealthy collectors, who are driving this trend. The strength of contemporary art lies in its ability to highlight both local and global concerns, while remaining rooted to or influenced by a unique culture or heritage. A Shift In The Way Artists Approach Their Work The last few years has seen more artists use their art, as a voice to respond to the social and political tensions in their societies. 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10 Exciting Southeast Asian Artists Experimenting in Abstract Art

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COLLECTING ART

Choosing Art for Your Living Room: Elevate Your Space with Captivating Artworks

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Place them on a prominent wall where they can grab attention and set the tone for the entire space. Proportions: Consider the scale of your living room furniture and the dimensions of the walls. Ensure that the artwork is proportionate to the room's wall space and other elements. For example, a large sectional sofa may require a substantial piece of art to balance the visual weight. Groupings and Gallery Walls: Consider creating a gallery wall or arranging multiple artworks in a group. This approach can add visual interest and create a dynamic display. Mix different sizes and styles, and experiment with layouts before finalizing the arrangement. Eye-Level Placement: Hang artwork at eye level for optimal viewing. The centre of the painting should be approximately 57-60 inches from the floor. Adjustments may be needed based on the average height of your household. Style and Theme The style and theme of your living room play a significant role in determining the type of artwork that will best complement the space. Consider the following: Existing Décor: Evaluate the overall style of your living room, whether it's modern, traditional, minimalist, or eclectic. Look for artworks that harmonize with the existing décor elements, such as furniture, flooring, and architectural details. For example, a contemporary living room may benefit from abstract or geometric artworks. At the same time, a traditional space may call for classical paintings or landscapes. Matching minimalism of the house, infusing abstract art - Abstract no. 4622 black and white minimalism Personal Preference: Your living room reflects your taste and personality. Choose artworks that resonate with your personality, whether from a particular artist, a specific art movement, or a style that you find visually appealing. Select pieces that genuinely speak to you. Room Function: Consider how you use your living room. If it's primarily a space for relaxation and quiet contemplation, choose artworks that create a serene atmosphere, such as soothing landscapes or abstract pieces. If it's a place for social gatherings and lively conversations, opt for bold, vibrant artworks that energize the space. Artistic Variety: Mix different styles and mediums to add depth and visual interest. Experiment with a combination of paintings, prints, photographs, sculptures, or even mixed-media artworks. The variety will enhance the room's richness and showcase your eclectic taste. Colour Scheme The colour scheme of your living room and the artwork you choose should harmonize to create a cohesive and visually pleasing space. Consider the following tips: Complement or Contrast: Choose artworks that either complement or provide a striking contrast to the room's colour palette. Chosing artworks with complementary colours, create a harmonious look to the space. For example, consider artworks with cool blue or green accents if your living room features warm earthy tones. Alternatively, contrasting colours, such as bold reds against neutral tones, can create a vibrant and attention-grabbing effect. Artwork for Trending beige wall - Golden Haze Balance and Harmony: Consider the overall balance of colours in your living room. If the space is rich in colour, opt for artwork with a more muted or monochromatic palette to avoid overwhelming the room. Conversely, bold and colourful paintings can become captivating focal points if your living room is primarily neutral. Highlight Accent Colors: If your living room features specific accent colours, incorporate artwork highlighting those hues. By selecting an artwork in such a way, you can create a cohesive and intentional design. For example, if you have to throw pillows or rugs with yellow pops, consider artworks featuring the same or complementary shades to tie the room together. Personal Touch The artwork in your living room should reflect your personal preferences and experiences. Here are a few suggestions to add a personal touch: Emotional Connection: Choose artworks that evoke emotions or memories. It could be a painting that reminds you of a particular place or a photograph that captures a special moment. Your connection with the artwork will make it more meaningful and enhance your enjoyment of the space. Tidal Melodies by Vicky Yeow Hobbies and Interests: Incorporate artworks that align with your hobbies or interests. If you're passionate about music, consider art pieces inspired by musical instruments or musicians. Landscapes or botanical prints could be a great fit if you love nature. Let your passions shine through the art you choose. La femme au chapeau by Souhayl A Custom Artworks: Commissioning custom artwork gives you a unique and personalized piece for your living room. Collaborate with local artists or artisans to create something tailor-made for your space. This way, you can have a one-of-a-kind artwork that perfectly complements your living room's style and reflects your individuality. Conclusion Selecting artwork for your living room is an opportunity to infuse your personality into your home's central gathering space. By considering factors such as size, placement, style, colour scheme, and personal preferences, you can curate a collection of art that enhances the ambience, serves as a focal point, and sparks conversations. Let your living room art reflect your unique taste and create a space like yours. Enjoy the process of selecting artworks that speak to you, and watch as they transform your living room into a beautiful and visually appealing haven. At RtistiQ we offer a wide variety of selection of works to elevate your living room. Be it large sized paintings, sculptures or photograph we are here to support you in selecting the right artwork that defines your personally. Discover works from our curated collections by our curatorial team. If you would like to get an exclusive session with our curators to support your art selection, click the link CONTACT AN ART ADVISOR and provide us with any specific details you can give us.

Aesthetic Harmony: Choosing Artworks for Different Rooms in Your Home

COLLECTING ART

Aesthetic Harmony: Choosing Artworks for Different Rooms in Your Home

When it comes to designing your living space, art plays a crucial role in adding character, ambience, and personal touch to each room. Selecting suitable artwork for different parts of your home can transform a mere living space into a captivating haven. Whether you're aiming for a cosy living room, a serene bedroom, or a vibrant kitchen, this article will guide you through the process of choosing artwork that harmonizes with each room's unique style and purpose. By considering factors such as room function, colour scheme, and personal preferences, you can curate a collection that truly reflects your individuality and enhances the aesthetic appeal of your home. Living Room Art The living room is often the centrepiece of a home, where family and guests gather. Therefore, selecting artwork for this space should create a focal point and set the tone for the entire room. Consider these tips when choosing art for your living room: Size and Placement: Opt for larger pieces or a gallery wall to make a statement. Place the art at eye level to ensure it captures attention without overwhelming the space. Style and Theme: Consider the existing decor and architectural elements. Whether your living room has a modern, eclectic, or traditional style, choose artworks that complement and enhance the overall aesthetic. Colour Palette: Take into account the colour scheme of your living room. Artworks that incorporate colours in your furnishings or accent pieces can tie the room together beautifully. Personal Taste: Select art that resonates with you on a personal level. Whether it's a favourite artist, a specific style, or a piece that holds sentimental value, your living room art should reflect your personality. For a more in-depth view with regards to collecting art for the Living Room, check this article "Choosing Art for Your Living Room: Elevate Your Space with Captivating Artworks" Bathroom Art Though often overlooked, the bathroom is an intimate space where you can infuse art to create a serene and relaxing ambience. Consider these suggestions when choosing art for your bathroom: Moisture-Resistant Materials: Bathrooms are prone to humidity and moisture, so choose artworks made from materials that can withstand these conditions. Sealed canvases, framed prints, or art decals are great options. Calming Imagery: Select art that promotes a soothing atmosphere. Opt for nature-inspired pieces, such as seascapes, botanical prints, or abstracts with soft tones, to create a tranquil environment. Scale and Placement: Bathrooms often have limited wall space, so choose smaller art pieces that fit the available area. Consider placing art above the bathtub, near the vanity, or on empty walls for a touch of elegance. Framing and Glass: To protect the artwork from moisture damage, use high-quality frames with protective glass or opt for frameless painting like acrylic prints. Kitchen Art The kitchen is a lively space where culinary creativity thrives. Choosing art for this area can inject personality and visual interest into the heart of your home. Consider the following factors when selecting art for your kitchen: Style and Theme: Decide on the overall tone of your kitchen, whether it's modern, rustic, or eclectic. Choose art that complements the decor, such as food-themed pieces or bold graphic prints. Colour and Contrast: Use art to add pops of colour and contrast to your kitchen. Consider the colour of your cabinetry and walls when selecting artwork, aiming for pieces that harmonize or create a striking juxtaposition. Practicality: Kitchens are high-traffic areas with a propensity for splatters and stains. Opt for artworks that are easy to clean, such as framed prints or canvas pieces that can be wiped down. Placement Options: Explore various placement options beyond traditional wall hangings. Utilize open shelves to display small sculptures, or consider magnetic frames on the refrigerator for a unique touch. Bedroom Art The bedroom is a private sanctuary for relaxation and personal expression. Choosing art for your bedroom involves creating a calming atmosphere that reflects your taste and promotes restfulness. Consider the following tips when selecting art for your bedroom: Mood and Emotion: Choose art that evokes emotions or memories you find soothing or inspiring. Consider soft landscapes, abstracts, or gentle figurative pieces that create a tranquil environment. Colour Palette: Opt for artwork with a colour scheme that promotes relaxation. Soft hues and pastels can enhance the peaceful ambience of the space, while muted or monochromatic pieces offer a more serene aesthetic. Scale and Placement: Determine the appropriate scale of artwork based on the size of your bedroom. Oversized pieces can be a focal point, while more miniature paintings can create a gallery-like display. Personal Connection: Select art that holds personal significance or reflects your interests and passions. Whether it's a cherished photograph, a favourite artist, or a piece that complements your overall bedroom theme, the art should resonate with you deeper. Hallways and Entryways Hallways and entryways serve as transitional spaces, connecting different parts of your home. Utilizing art in these areas can make a striking first impression and add visual interest. Consider the following tips when selecting art for your hallways and entryways: Gallery Wall: Create a dynamic display by arranging a collection of more miniature artworks or photographs along the hallway or entryway. Mix different sizes and styles for an eclectic look. Mirrors and Reflections: Incorporate mirrors or mirrored art to add depth and make the space appear larger. They can also reflect light, brightening up narrower hallways. Colour and Contrast: Use art to introduce colour and contrast to otherwise plain hallways. Consider bold and vibrant pieces that add energy or muted artworks for a calming effect. Lighting Considerations: Ensure the chosen artworks are adequately lit to maximize their visual impact. Utilize wall sconces or accent lighting to highlight specific pieces along the hallway or entryway. Conclusion Selecting artwork for different rooms in your home is a personal and exciting process. By considering the room's function, style, colour palette, and personal taste, you can curate a collection of art that elevates the ambience of each space. Whether you aim for a vibrant kitchen, a serene bedroom, or a charming living room, the right choice of art can create a cohesive and visually appealing atmosphere throughout your home. Remember to select pieces that resonate with you, evoke emotions, and reflect your individuality, as art is a reflection of your journey and a means to express your unique sense of style. With a thoughtful selection of art, you can transform your living space into a harmonious sanctuary that feels like home.

The Top 3 Reasons Collectors Should Invest In Non-Fungible Tokens (NFTs)

COLLECTING ART

The Top 3 Reasons Collectors Should Invest In Non-Fungible Tokens (NFTs)

One cannot remain oblivious to the current buzz around NFTs. Almost all niches are talking about it, but the entertainment industry, including gaming, the visual arts, sports, and music, have benefited the most. If you're interested in investing in NFTs but aren't sure what they are but want a high-level overview, this blog is an excellent place to start. What is an NFT? NFT (Non-fungible token) describes a token that is both unique and unreplicable since it is composed of discrete parts that no one cannot use interchangeably. It means there is only one NFT in circulation, in contrast to the millions of units in circulation for cryptocurrencies. As they can be copied or traded for another, they can be bought and sold like any other piece of art. Since blockchain technology is utilized to verify the authenticity of NFTs, it will quickly expose any forgeries. For example, you can copy or take a photo of “Mona Lisa” art, but it doesn't mean you have the original art in your possession. To put it simply, NFT is effective in the same way. To clarify the operation of NFTs, let's assume we have access to a single image we can mint in the blockchain as NFT, and then we can sell it on the NFT marketplace. What is the meaning of a fungible token? Start by looking at this type of token for simplicity's sake. Tokens that are "fungible" can be traded for other tokens of the same type. Here's an example: a friend borrowed an old $10 bill. After a while, this friend can return a brand new $10 note, which will still be worth the same as the old one. However, NFTs cannot be exchanged for another asset, such as you cannot exchange Mona Lisa art just by copying it. What benefits investors will get from NFTs? As a cryptocurrency-like digital representation of rare items, NFTs have provided a new revenue stream for collectors and artists. In their digital form, fewer expenditures associated with upkeep and more asset protection are two other benefits of NFTs. In addition, it opens the door for traders and collectors to transact NFTs with reduced transaction costs, which could eventually transform how we gather rare collections. Some specific advantages of NFT are as follows. 1. Investors get ownership authenticity. Blockchain technology ensures the integrity of NFTs by linking the asset to a single record of ownership. NFTs can only ever have one owner, as their indivisibility makes it impossible to divide them among other people. 2. Verifiable originality of items. Furthermore, blockchain stores additional metadata about the integrity of NFTs, such as who owns them. This is why NFTs cannot be copied, replicated, or substituted for another. 3. Easily transferable. For example, the gaming business is where the benefits of NFTs become most apparent. We used to be able to leave in-game purchases in the game if we chose to stop playing permanently, but now we can take them with us. In addition, NFTs let players acquire virtual objects within a game and hold onto them indefinitely, whether using them in-game or putting them away in a digital wallet when they're done. Conclusion NFTs are a promising asset class for the knowledgeable investor, notwithstanding their relative novelty. They are indestructible and immune to environmental and mechanical factors. As a result, you could use them to make millions. If you would like to know then please do write to artworks@rtistiq.com or drop us a message by visiting our Contact Us page.

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