“The Asian market has become more fragmented since 2020. It’s become so sophisticated and complex now that it is impossible to have one single hub,” Peckham said. Collectors and gallerists have to pick and choose when it comes to which fairs in Asia. Some might choose Taipei and Seoul, which have very different markets, instead of just going to Hong Kong and hoping to cover the entire region .
Around one-third of the galleries are homegrown spaces from Taiwan, such as Taipei’s Ting Ting Art Space and Each Modern, which presents works by veteran Taiwanese avant-garde artist Hou Chun Ming, at prices ranging between $15,000 and $120,000.
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