Tuesday, January 14, 2014

Singapore Lures Buyers with Murakami, Wine, Pussy Riot

Singapore is taking center stage on

the global art circuit this week as collectors descend on the

city-state for Southeast Asia’s largest art fair, auctions and a

video by Russian feminist art collective Pussy Riot.


Anchoring Singapore Art Week is Art Stage, a fair featuring

130 galleries offering works by Takashi Murakami, Mark Quinn and

Nam June Paik. In its fourth year, Art Stage plays a major part

in Singapore’s quest to develop itself into a regional art hub

to lure more high-net-worth individuals to settle there.


“Singapore is combining art, lifestyle and wealth

management
all into one,” said Sundaram Tagore, who runs

galleries in New York, Hong Kong and Singapore.


Though smaller than Hong Kong’s Art Basel fair held in May,

Art Stage aims at preserving its regional character in the

island-state with new galleries from Vietnam, Cambodia and Laos

exhibiting for the first time.


It’s also a huge opportunity for Singapore-based galleries

to attract a wider clientele.


“A lot of collectors are coming in from the region,” said

Janice Kim, owner of Space Cottonseed, which is showing four

works from Nam June Paik priced between $110,000 and $400,000.

“For me this is the most important week.”




5d382 i21eRObRth8s Singapores Exports Recovery Limited by Worker Shortage: Economy


Photographer: Jolene Lai Yong Hui/Galerie Sogan Art via Bloomberg


A 2013 oil on canvas entitled “Night Market” by Singaporean artist Jolene Lai is on… Read More



A 2013 oil on canvas entitled “Night Market” by Singaporean artist Jolene Lai is on sale by Galerie Sogan Art at Art Stage Singapore 2014 from Jan 16-19. Close


 Singapores Exports Recovery Limited by Worker Shortage: Economy


Open


Photographer: Jolene Lai Yong Hui/Galerie Sogan Art via Bloomberg


A 2013 oil on canvas entitled “Night Market” by Singaporean artist Jolene Lai is on sale by Galerie Sogan Art at Art Stage Singapore 2014 from Jan 16-19.


High-Net Worth


Singapore has 174,000 millionaires and neighboring

Indonesia another 123,000, according to the Credit Suisse Global

Wealth Databook 2013.


Local dealer Galerie Sogan Art is showing works by

Singaporean artist Jolene Lai, including a painting of a woman

prone on a slaughtering block surrounded by animals.


Blue-chip international galleries are using Art Stage to

feature Asian artists alongside more established western names.

Galerie Perrotin is showing Filipino Ronald Ventura, who holds

the auction record for a living Southeast Asian artist, with

French artist Sophie Calle and Takashi Murakami of Japan.


Primo Marella of Milan is presenting Indonesian painter

Heri Dono and London’s White Cube is featuring Zhang Huan and

Liu Wei next to Damien Hirst and Quinn, as well as more

conceptual pieces from Damian Ortega and Cerith Wyn Evans.


More than 1,000 VIPs will get a preview of works at Marina

Bay Sands Convention Center today, where traditionally some of

the most important purchases are made before Art Stage opens to

the public on Jan. 16.


Auction houses are taking advantage of the influx of well-heeled clients this week to hold sales.


Romanee-Conti


Borobudur Fine Art Auction Pte’s Jan. 18 sale features

Romanee-Conti wines estimated to sell for as much as $14,400 per

bottle, jewelry, a painting by Indonesian modern master Affandi

with a high estimate of $400,000 and four works by I Nyoman

Masriadi.




5d382 iOZrKSCYUKuw Singapores Exports Recovery Limited by Worker Shortage: Economy


Source: Rossi Rossi via Bloomberg


A 2013 fibreglass, electronic and mechanical devices kinetic art entitled “Riding a… Read More



A 2013 fibreglass, electronic and mechanical devices kinetic art entitled “Riding a Scapegoat” by Indonesian artist Heri Dono is on sale by Rossi Rossi gallery at Art Stage Singapore 2014 from Jan 16-19. Close


 Singapores Exports Recovery Limited by Worker Shortage: Economy


Open


Source: Rossi Rossi via Bloomberg


A 2013 fibreglass, electronic and mechanical devices kinetic art entitled “Riding a Scapegoat” by Indonesian artist Heri Dono is on sale by Rossi Rossi gallery at Art Stage Singapore 2014 from Jan 16-19.


Rival auction houses East-Ouest, Larasati and 33Auction are

also holding sales.


For those with tighter budgets, Art Apart Fair will

transform rooms, lobbies and corridors at the Park Royal Hotel

into pop-up galleries from Jan. 17-19 to sell mostly works by

lesser-known artists at prices below S$10,000 ($7,890).


On Jan. 18, at a black-tie gala dinner, Prudential (PRU) Eye

Awards will announce the winner of its emerging artists

competition from a short list, including a video by Pussy Riot

from Russia and Yang Yongliang from China.


Pussy Riot member Maria Alekhina, who was released from

prison on Dec. 23 under an amnesty issued by Russian President
Vladimir Putin after being jailed for inciting religious hatred

and hooliganism, will attend.


Art Stage runs from Jan. 16-19 at the Marina Bay Sands

Convention Center.


To contact the reporter on this story:

Frederik Balfour in Hong Kong at

fbalfour@bloomberg.net


To contact the editor responsible for this story:

Matthew G. Miller at

mmiller144@bloomberg.net



Singapore Lures Buyers with Murakami, Wine, Pussy Riot

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