Japan's Art Market Growth and Asian Art News

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Japan’s art market demonstrated remarkable resilience in 2024, growing by 2% to reach $692 million despite a 12% contraction in the global art market. A government-commissioned report by economist Clare McAndrew revealed that the Japanese market is characterized by high-volume, lower-value transactions, with 93% of sales occurring at price points under $10,000 and dealers accounting for the vast majority of trade.

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Frieze Seoul returns for its fourth edition at Coex from September 3 to 6 with 120 galleries, maintaining last year's scale. Asian galleries now represent 64 percent of exhibitors, up from 48 percent, signaling a stronger regional identity. Notable non-returning galleries include Blum, Karma, and Neugerriemschneider. Meanwhile, Kiaf Seoul will run concurrently with 176 exhibitors, and Art021 Group suspended its 2025 Hong Kong show after a single edition. Gallery Weekend Beijing concluded its ninth edition with a new invitation-only model, and several Asian-rooted artists are featured in London Gallery Weekend. New institutions opened, including the Photography Seoul Museum of Art and the Naoshima New Museum of Art, while the inaugural Bukhara Biennial program was announced.

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Xiaowen Zhu, director of Esea Contemporary in Manchester, discusses her journey and the evolving representation of Asian artists in the global art world. Born in Shanghai, Zhu reflects on her formative encounter with Ai Weiwei's *Fairytale* at Documenta 12 in 2007, which shaped her understanding of diaspora and belonging. She now leads the UK's only non-profit art center dedicated to East and Southeast Asian (ESEA) artists, and serves on the British Council’s Arts and Creative Economy Advisory Group.

Marcos Kueh in Turbulent Seas

Artist Marcos Kueh presents his solo exhibition 'Smooth Sailing' at ESEA Contemporary in Manchester. The show features new sculptures, tapestries, and a large-scale installation that reflect on the histories of Chinese labour and migration, particularly to northwest England, drawing inspiration from 19th-century trade union banners found in Manchester's People's History Museum.