The Art Market Is Booming


There have been many signs that the art scene in Malaysia is changing. This was obvious at the recent International Art Expo Malaysia (AEM) held in Kuala Lumpur. Moreover, just a couple of months earlier at the Henry Butcher Art Auction (HB), an all-time record auction price was paid for a Malaysian painting, one by Datuk Ibrahim Hussein. By Ooi Kok Chuen

All of a sudden, Malaysians are keen on buying art.

At the Fourth International Art Expo Malaysia (AEM) held from October 28 to November 1, some 12,000 visitors thronged the Matrade Exhibition and Convention Centre in Kuala Lumpur, mopping up RM11mil worth of art from the 49 booths set up by 19 countries.

What’s more, on August 8, heavy biddings pushed the sales in the first Henry Butcher Art Auction Malaysia (HB) to RM1.737mil, with a 1969 painting by Datuk Ibrahim Hussein selling at a premium of RM500,500 – the highest price paid for a Malaysian painting anywhere in an auction.

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