HBAA aims to honour and highlight the work of renowned Malaysian artists like Awang Damit Ahmad.
THE global art market continues to face a slowdown, with major auction houses Christie’s, Sotheby’s, Phillips and Bonhams seeing their total sales down by 26% in the first half of 2024 from the same period last year, according to a report by Art Basel and UBS.
The report also reveals that the number of high-net-worth individuals (HNWI) planning to buy art in the next 12 months dropped to 43% from just over 50% in 2023.
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HBAA aims to honour and highlight the work of renowned Malaysian artists like Awang Damit Ahmad.
HBAA aims to honour and highlight the work of renowned Malaysian artists like Awang Damit Ahmad (second from left).
Majority of the artworks auctioned by HBAA are by Malaysian artists. Photos: Henry Butcher Art Auctioneers
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