A boom in Asian art

Wealthy buyers are pushing up prices of Asian antiques and artworks, says Chris Carter.

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Suleyman fetched a magnificent £5.32m

"The prices of Asian antiques and artworks have rocketed over the past decade, driven by demand from wealthy Asian buyers seeking to reclaim a part of their heritage," says Victoria Brzezinski in The Times. Kakiemon, a style of Japanese porcelain from the late-17th century onwards, is a case in point. It was originally made and exported to the grand houses of Europe by the Dutch East India Company, Mark Hinton, head of Japanese artworks at Sotheby's, tells Brzezinski. And centuries later, Kakiemon, along with Japanese porcelain in general, is still seeing "greater interest" from collectors. That shouldn't be a surprise. Eastern styles have a long history of influencing Western artists, and vice versa.

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Chris Carter
Wealth Editor, MoneyWeek