Exciting news from Kuala Lumpur today as Sultan Nazrin Muizzuddin Shah, the Sultan of Perak made comments which accurately describe the history of fine art in Myanmar as well as lend hope to the future. Describing the recent history of the southeast Asian nation, Sultan Shah stated,
For decades, sanctions kept tourism to a trickle, and Myanmar was run on cash, not credit…expensive paintings rarely sold because the few tourists who visited the country never carried much cash — that kept a lid on prices.
As the nation of Myanmar opens up, more events, showings and sales have made the world pay attention. Many art fans, collectors and patrons are seeing new potential for the growing market of art from Myanmar and as the area becomes recognized as a center for fine art, prices and sales are expected to rise.
Read more complete comments from the Sultan of Perak and learn about the event as described by the website The Edge Markets.