Will Malaysia’s Bullish Art Market be Bearing Downwards?

By Ooi Kok Chuen

January 2016 PENANG PALETTE
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Investing in masterpieces becomes popular in bad times, but fatigue may be setting in.Will the Malaysian art (auction) market slouch in 2016? New artists’ records may have been set in 2015, but the market did end the year with a comparatively tepid Q4 closing.The deceleration can be faulted on the GST and a weakening Ringgit (since August) buffeted by a protracted oil price slump. The Ringgit plummeted to a new low of RM4.37 to the USD on November 12, 2015.Still,...

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Ooi Kok Chuen

is an art-writer and journalist, and the author of MAHSURI: A Legend Reborn (Ooi Peeps Publishing), an adult contemporary fantasy “movel” (a novel conceived as a mock movie) spun from a local legend.


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