Are Hong Kong and Mainland China Poised for an Art Market Rebound?

As the Israel/U.S. war against Iran pushes oil prices higher and sends stock markets into panic, Asia is beginning to feel the effects across its own markets. South Korea’s KOSPI has dropped by more than 16 percent since the conflict began, while Japan’s Nikkei 225 has fallen roughly 10 percent. On Monday (March 9), the KOSPI sank 6.2 percent, and the Nikkei 225 fell by about 5.2 percent. All of this is happening just as the region had started to see renewed optimism in the art market, with buyers...