[ad_1]
The rising investment in the Japanese art market
Artists such as KAWS attract a lot of interest in Japan, a country with a growing art market. Since 2017, the overall market size of the art industry in Japan has grown ¥33billion, with the top 5 leading international fine artists based on domestic auction turnover in Japan in 2019 are Kaws, Bernard Buffet, Andy Warhol, Maurice Utrillo and Pierre-Auguste Renoir.
While Banksy doesn’t appear in this list, Banksy’s artwork is increasingly becoming more globally appealing, spreading across all four corners of the world.
The Japanese art market size has increased by 7% from 2016 to 2019. In 2019, the market size was made up of Japanese style paintings at ¥51,3billion, western artwork was ¥43.4billion and contemporary ¥31.7billion showing an appetite for these modern artworks. The market size of artworks in Japan in 2019 was made up of ¥98.2billion from art galleries and ¥19.2billion from online websites. The largest art industry market size in Japan in 2019 was purchased from domestic businesses with ¥227billion.
We’re a leading authority in the market for modern and contemporary art, specialising in the works of Banksy, Hirst, Miller, Warhol, Lichtenstein, Haring and KAWS. You can browse our current artwork available here.
[ad_2]
Source link
