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global art marketCNBC
β’89% Informative
Wealthy millennials in Asia spent median of $ 59,785 on art and antiques in first half of 2023 .
Gen X is the most important buy-base in Asia , according to Sotheby's chairman for Asia .
Gen Z collectors have the highest average expenditure on digital art of any generation.
Digital art, including AI -generated work, is on the up, says Angelle Siyang-Le .
Hong Kong's Art Gallery Association recorded a 27% increase in member galleries between 2021 and 2023 .
Sotheby's has been holding auctions Asia since 1973 and will open a flagship "maison" in July .
Hong Kong Palace Museum opened in 2022 , and the M+ last year .
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