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.

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