Buy a fraction of artwork from $1,000

Invest in a piece of high-value Singapore art from just $1,000, and reap the profits when it is sold for a higher price on the art market under a new fractional art ownership scheme.

- Clement Yong

We Are Art Collectors (WAAC), founded by accountant-turned-art gallery owner Low Sok Leng, has launched the first such collective ownership programme in Singapore.

The model divides the value of physical works by renowned Singaporean artists into smaller, tradable lots, which people can buy and sell. A $10,000 painting, for instance, would have 10 lots and a maximum of 10 owners.

Ms Low, daughter of second-generation Singapore artist Low Hai Hong, will decide which works to put up for fractionalisation and when best to sell them to generate the most money.

They will be stored and managed by WAAC, though there will soon be a rental programme, where lot owners or a third party can temporarily display the works in their homes.

Ms Low, who started art gallery Artualize in 2020 after her father's death, says the scheme should appeal particularly to young investors.