The 11K’s Expert Series: Shane Xu on Asian Art Market & Arts InvestmentPosted by in China, Communications, Inspiration, Latest News, Latest News, Marketing, Trends
In our second 11K’s Expert Series, we invited Shane Xu, an experienced Modern & Contemporary Prints specialist and Head of Department of Prints & Multiples for the prestigious Roseberys Auctioneers in London, to offer her advice and insights on Asian art works and art investment opportunities.
1. From your more than 8 years’ experience in art auction, what kind of changes have you seen in the Asian art market?
When talking about Asian art market, we can look at it from two point of views: the Asian art works, and the Asian buyers/collectors.
From the art works’ point of view, the traditional antique market is still performing strong,
as we Asian people feel deeply connected to and proud of our own cultural heritage, and that’s most of the Asian Art works auctions are offering in the auction world. However, from the buyers/collector’s point of view, I have noticed that Asian collectors have become increasingly interested in Western art, especially the younger generation. Modern & Contemporary Prints & Multiples has become a particular point of interest over the past 8 years, which is my specialty. It is also referred as ’Editions’. It is a great and easy entrance into the modern & contemporary art collection.
2. How does Roseberys London source Asian artworks?
Our Antiques mainly come via private collections in the local area, passed down through generations, and also oversea collections through our fantastic networking. For example, in the Asian Art auction on 12 Nov, we had a fantastic collection of Asian art works from a Thai family; For Modern Contemporary art by Asian artists, they mainly come through private collectors worldwide.
3. What kind of Asian artworks are most popular at the moment?
Top three Asian artists for my category are Yayoi Kusama, Yoshitomo Nara and Takashi Murakami. All artists have strong Japanese and western elements throughout their work. By combining the two, these artists manage to speak to a wider audience. Zao Wou-ki and Chu The-Chun’s prints are also in demand as usual. Their style combined the traditional Chinese ink painting and impressionism, therefore the images are well received by both audiences of both styles.
4. Do you have any buyers from China? If yes, what kind of collections are most sought after by Chinese?
Yes, I do have Chinese buyers. As I mentioned above, the younger Chinese generation is more interested in contemporary art, especially Urban Art. Banksy, Stik, and KAWS are definitely the leading names with high demands in recent years. For the older generation, traditional Modern Masters are more popular, such as Picasso, Miro, Chagall, and Matisse. You can never go wrong with them, and they are time proven masters. Their prints hold onto their value.
5. What plans does Roseberys London have in the Asian art and market?
We have recently become an affiliate of Asian Art Week for the antique section of Asian art. For the modern contemporary market, we will continue sourcing more amazing Asian art and growing our Asian clientele. I travel to all the major art fairs globally, and they are fantastic opportunities to meet clients and exchange thoughts with other people who work in the different sections in the art industry, such as galleries, museums and institutes.
I look forward to educating our clients further on Modern Contemporary western art. Also learning to understand more about my client’s needs and the direction of the collections, so I can facilitate and source better Asian work for our clients.
About Shan Xu:
Shane Xu is a Modern & Contemporary Prints specialist, with 8 years’ experience working in the art world, originally from Yunnan province in China. After working as a financial analyst in a 500 Fortune company in Shanghai, Shane moved to London in 2009 to study a master degree, graduating from the University of Westminster. Shane then went on to pursue a career in art. Starting at Dreweatts & Bloomsbury Auctions where she progressed to become Head of Sales, to then founding the department of Modern & Contemporary Prints at Sworders Fine Art Auctioneers. Shane now works as the Head of Department of Prints & Multiples for the prestigious Roseberys Auctioneers in London, with the aim the bring the department to another level.
Notes to readers:
The interview was done by Fei Meng, Account Manager at 11K Consulting. Contact her at firstname.lastname@example.org if you would like to be featured in The 11K’s Expert Series, a series of expert opinions on UK-China/Asia opportunities and challenges. We would love to hear from you.
Tags: Art, asian artwork, Contemporary Prints, Investment, Roseberys Auctioneers, Shane Xu