The new collector’s guide to Asian contemporary art

Who’s hot? Which regions are undervalued? How important is an auction history? Specialist Sarina Taylor addresses these and other questions about a growing market, illustrated with works from our Asian 20th Century online sale, 29 March–5 April

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  • Should I focus on a particular region?

There’s no need to limit yourself. In the past the market for Asian artists was more regionally-focused — Chinese collectors only focussing on works by Chinese artists, for example — but now we’re seeing more collectors acquiring works regardless of geography or nationality. 

Zao Wou-Ki (FranceChina, 1920-2013), Red Composition – L.VII., 1960. Lithograph, 65.5 x 50.2 cm (25¾ x 19¾ in). Estimate $3,000-5,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March—5 April 2017

Zao Wou-Ki (France/China, 1920-2013), Red Composition – L.VII., 1960. Lithograph, 65.5 x 50.2 cm (25¾ x 19¾ in). Estimate: $3,000-5,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March—5 April 2017

Artists from Asia are increasing their international presence and enjoying more attention from collectors internationally. One example of this is Zao Wou-Ki, who has long been considered a modern master in Asia but has only recently received the same level of recognition in the United States. He has held retrospectives in Taiwan since the mid-1990s, but only just had his first American museum retrospective in 2016 at the Asia Society in New York.

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  • Are editions a good way to start a collection?

Editions are an excellent way to acquire a work by an Asian artist you admire at a more accessible price point. Examples of artists who offer high-quality editions of images from their iconic series include Yue Minjun, Wang Guangyi and Zeng Fanzhi. 

Zeng Fanzhi (China, b. 1964), Mask Series Mask No. 2, 2005. Lithograph, 55 x 74 cm (21⅝ x 29 in). Estimate $3,000-5,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

Zeng Fanzhi (China, b. 1964), Mask Series: Mask No. 2, 2005. Lithograph, 55 x 74 cm (21⅝ x 29 in). Estimate: $3,000-5,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

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  • An artist I admire is best known for paintings. Should I collect the same artist’s works on paper or sculpture?

Works on paper and sculpture can give you a different perspective on an artist’s process. The ink and colour on paper works on paper of Liu Wei, who normally uses oil on canvas, for example, offer an alternative interpretation of his paintings. Similarly, Ding Yi’s mixed media paintings can be compared with his silkscreen prints. Works on paper and sculpture complement the artist’s primary medium, or can be collected and appreciated as works in their own right. 

Liu Wei (China, b. 1965), Untitled , c. 1986-1990. Ink on paper laid on paper, 22.7 x 32.6 cm (9 x 32⅝ in). Estimate $3,000-4,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

Liu Wei (China, b. 1965), Untitled , c. 1986-1990. Ink on paper laid on paper, 22.7 x 32.6 cm (9 x 32⅝ in). Estimate: $3,000-4,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

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  • What impact does the condition of an artwork have on its value?

This depends on the artwork and the artist. Takashi Murakami’s Flowerball Series  prints, for example, should be in pristine condition — anything less would negatively affect the value of the work.

Walasse Ting (ChinaUSA, 1929-2010), Untitled (Lady at Table), mid-1980s. Ink and colour on paper, 35.6 x 48.2 cm (14 x 19 in). Estimate $4,000-6,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

Walasse Ting (China/USA, 1929-2010), Untitled (Lady at Table), mid-1980s. Ink and colour on paper, 35.6 x 48.2 cm (14 x 19 in). Estimate: $4,000-6,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

For some artists however, what may appear to be deterioration or damage can be an integral part of their practice. Walasse Ting’s works on paper are often creased because he saturates thin Chinese paper with brightly coloured ink or acrylic paint, and the wetting and drying of the paper and mixing of different media affects the condition of the work. The resulting marks of imperfection would be considered a part of the artist’s technique, and not a reflection of the artwork’s quality.

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  • Which is more important to consider, market value or historical value?

Market value doesn’t necessarily reflect the historical value of an artwork. Photography by Chinese artists is particularly undervalued relative to their significance in the history of Chinese contemporary art. 

Hong Hao (China, b. 1965), My Things No. 4 . Chromogenic print, 127.7 x 216 cm (50 x 85 in). Estimate $2,400-3,500. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

Hong Hao (China, b. 1965), My Things No. 4 . Chromogenic print, 127.7 x 216 cm (50 x 85 in). Estimate: $2,400-3,500. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

The photographic prints of Hong Hao, for example, are in the collections of major international museums, including the British Museum and the Museum of Modern Art, New York. But his pioneering work, My Things No. 4 (2002), is being offered for a high estimate of only $3,500 in our online sale of Asian 20th Century and Contemporary Art. 

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  • What are the prospects for Southeast Asian art?

The market for Southeast Asian artists is growing rapidly, and shows immense potential. Many of these artists have established careers and long sale histories within their own countries but, until recently, their market has been very regional. Thanks to Biennales, art fairs and international exhibitions, they’re becoming more accessible to collectors across the world.  

Farhan Siki (Indonesia, b. 1971), Dots of Marat, 2013. Spray paint on canvas, 200 x 150 cm (78¾ x 59 in). Estimate $6,000-8,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

Farhan Siki (Indonesia, b. 1971), Dots of Marat, 2013. Spray paint on canvas, 200 x 150 cm (78¾ x 59 in). Estimate: $6,000-8,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

Since Southeast Asian art is still an emerging market, the works are relatively affordable, making this category an excellent entry point for new collectors. Our upcoming sale includes works by Malaysian artist Chuah Thean Teng, Filipino painter Randy Solon and Indonesian graffiti artist Farhan Siki.

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  • How can I integrate Asian contemporary sculpture into my home?

We are finding many artists who are creating unique, highly conceptual pieces that blur the lines between sculpture and decorative art. For example, Takafumi Yagi’s Zephyr (2013) is a chandelier made from colouring pencils that could be hung from the ceiling; this work takes up an alternative space within the home, and might be an excellent complement to any flat works or other pieces of sculpture in your collection. 

Takafumi Yagi (Japan, b. 1982), Zephyr, 2013. Coloured pencil and resin sculpture, 50 x 73 x 73 cm (19⅝ x 28¾ x 28¾ in). Estimate $5,000-7,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

Takafumi Yagi (Japan, b. 1982), Zephyr, 2013. Coloured pencil and resin sculpture, 50 x 73 x 73 cm (19⅝ x 28¾ x 28¾ in). Estimate: $5,000-7,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

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  • Who is collecting contemporary art from Asia at the moment?

There’s a global demand for Asian contemporary art, from the United States to Europe and of course within Asia. We’re finding that collectors, particularly new buyers, are attracted to the affordability of this category. Most of the works in our upcoming sale are also reasonably sized and convenient to transport or hang, making it both beautiful and practical for apartments or small homes.

Chu Teh-Chun (France China, 1920-2014), Olympic Centennial, 1992. Lithograph, 63 x 92 cm (24¾ x 36¼ in). Estimate $2,000-3,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

Chu Teh-Chun (France/ China, 1920-2014), Olympic Centennial, 1992. Lithograph, 63 x 92 cm (24¾ x 36¼ in). Estimate: $2,000-3,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

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  • I like an artist for whom there seems to be little to no auction history. Should I be concerned?

If an artist has a short auction history, it doesn’t necessarily reflect their market value. Many Asian artists could be very successful in their own country through their studio or a local blue-chip gallery or institutions, but haven’t yet had the opportunity to establish themselves on the international scene or through auction houses. 

You Si (China, b. 1954), Climb, 2015. Ink and acrylic on rice paper, 61.5 x 47.5 cm (24¼ x 18¾ in). Estimate $3,000-5,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

You Si (China, b. 1954), Climb, 2015. Ink and acrylic on rice paper, 61.5 x 47.5 cm (24¼ x 18¾ in). Estimate: $3,000-5,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

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  • Which new artists should I look out for?

Asian contemporary art is still a relatively new market in global terms and we are regularly discovering artists, both emerging and established, who are worthy of attention. Right now, we recommend you keep an eye on Annysa Ng, Seo Yu Ra and Li Shurui. 

Annysa Ng (Hong KongUSA, b. 1963), Bubble, 2017. Ink, acrylic, and fibre paste on linen, 101.4 x 75.9 cm (40 x 29⅞ in). Estimate $3,000-5,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017

Annysa Ng (Hong Kong/USA, b. 1963), Bubble, 2017. Ink, acrylic, and fibre paste on linen, 101.4 x 75.9 cm (40 x 29⅞ in). Estimate: $3,000-5,000. This lot is offered in Asian 20th Century and Contemporary Art Online, 29 March–5 April 2017