Why create a contemporary art market in Singapore ?

After Beijing, Shanghai and Hong Kong, the Singapore island wishes to follow the rise of contemporary art market in Asia. But why Singapore could to do this ?

First, Singapore jostles with Hong Kong for financial crown. Singapore has become in few years the region’s largest centre for both commodity and foreign exchange trading, as well as its growth as a wealth management hub, and has created a new competitive dynamic in Asia. One point who attracts billionaires and rich collectors.

Second, Singapore is located at a very visited crossroad between China, Malaysia and Indonesia. A good thing who offers an array of rich local artists, and a young and diverse contemporary art. If you look closer the artists shown in Singaporean galleries, the artists come from Singapore, Malaysia, Indonesia, Birmania, China, etc.

We know already the european art market, the US art market, and the chinese art market gambles on his artistic and local resources, so why not Singapore with new emerging artists ?

Next, Singapore has a number of spaces set up to welcome the singaporean public, and “awaken” the visitors to contemporary art. The Gillman Barracks for example, built in an old colonial building, attempts by this meeting of art galleries, to give contemporary art taste to visitors and collectors, and to promote the sale of works of contemporary arts. A sort of “showcase of contemporary art.”

Therefore, galleries are emerging from around the island. Gallery managers and curators come from all over the world to give a boost to this rising market (France, Switzerland, England, USA, Canada, etc.). Singaporeans also take the initiative to open more and more museums and foundations, such as the SAM (Singapore Art Museum), or the National Museum of Singapore.

On the other hand, French institutions such as the Pinacothèque de Paris are implanting in Singapore, auction houses such as Sotheby’s punctuates the art market. The french auction house Pierre Bergé & Associés also has plans to come in Singapore, and implante one office in Singapore.

Therefore, galleries are emerging from around the island. Gallery managers and curators come from all over the world to give a boost to this rising market (France, Switzerland, England, USA, Canada, etc.). Singaporeans also take the initiative to open more and more museums and foundations, such as the SAM (Singapore Art Museum), or the National Museum of Singapore.

On the other hand, French institutions such as the Pinacothèque de Paris are implanting in Singapore, auction houses such as Sotheby’s punctuates the art market. The french auction house Pierre Bergé & Associés also has plans to come in Singapore, and implante one office in Singapore.

See you in few years, to see how this contemporary art market will be, and what will be its place in the market of world art…

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