“The young tend to have a higher appetite for risk, in investment speak, and this generation has witnessed an unprecedented rise in art prices, especially in contemporary art, which is the category they are most likely to collect. Artprice.com’s global index of contemporary art states average prices have gone up by 70 per cent in the past decade. The New Circle members are all newbies and face the challenge of plunging into a market when prices for contemporary art are much higher than a few years ago. The young generation has only just started buying art in Hong Kong, and has no intention of stopping.”
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