Japan art market poised for growth with strong demand, low prices

Country could become Asia's new arts hub, Pace Gallery VP says

20250324N pace gallery

U.S.-based Pace Gallery opened its new location in Tokyo's Azabudai Hills complex in July 2024. (Photo by Nacasa & Partners)

Nikkei staff writers

TOKYO -- After falling behind countries like the U.S. and China as a fine arts hub, Japan is drawing fresh attention for the opportunities posed by its relatively affordable prices despite strong demand from domestic collectors.

"When asked where Asia's largest art market is, most people will probably say China," said Kyoko Hattori, vice president of Pace Gallery. "But in the medium to long term, they might be saying Japan."

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.