Taipei is a dynamic city with one of the longest-established gallery scenes in Asia.
The city has a rich cultural ecology with world class museums, a vibrant artist community and an internationally recognized biennial.
Taipei has a strong presence of commercial galleries (as does Taiwan more widely). The Taiwan Galleries Association has over 120 members (of an estimated 150 galleries currently in existence in Taiwan) demonstrating that there is a stable market to sustain their activities.
Taiwan has one of the most established collector-bases in Asia. Taiwan has a long tradition of collecting and some of the most active and engaged collectors in the world. ArtAsiaPacific Magazine cited Taiwanese collectors as ‘amongst the most progressive in the region.’
Taiwan is one of the leading source markets for consignments for Asia-based auctions of the major international auction houses. As a consequence, many of the senior specialists in key auction houses in Asia herald from Taiwan. In addition, international auction houses frequently preview outstanding highlights of major Impressionist, Modern & Contemporary sales in Taipei.
Taiwan has a high concentration of wealth with 4,550 Multi-Millionaires (USD10m+), 1,951 Ultra High Net Worth Individuals (USD30m+), 254 Centa Millionaires (USD100m+) and 28 Billionaires (Source: Knight Frank World Wealth Report).