TOKYO -- When the U.S.-based Pace Gallery exhibited several works by the American artist Robert Longo at Tokyo Gendai, an international art fair held in July, most sold on the first day -- an unusual occurrence in Japan's nascent contemporary art market.
Arts
New York gallery sets pace in Japan's nascent art market
Recent sales of contemporary works highlight shift in collectors' attitudes
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Japanese artist Yoshitomo Nara's "Puff Marshie (Hirosaki Version, Shanghai Version)" is displayed at the Tokyo Gendai international art fair in July. Strong demand among Japanese collectors at this year's event bodes well for the city's future as a global art hub. (Courtesy of Tokyo Gendai 2024)
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