The global art market made a strong recovery in 2021, with sales of art and antiques reaching an estimated US$65.1 billion-an increase of 29 per cent from 2020-according to the Art Basel and UBS Global Art Market Report 2022. High-net-worth collectors also bought more art and antiques in 2021 than they did in the previous year, as indicated in a UBS Investor Watch and Arts Economics survey.
This is good news for the organisers of Art SG, a new contemporary art fair set to take place in Singapore from January 12 to 15, 2023 (with the VIP preview on January 11) at Sands Expo & Convention Centre at Marina Bay Sands. Since it was first announced in 2018, the fair has encountered stumbling blocks, including several postponements, but is now back on track with its vision intact.
"We saw a huge opportunity for an international-level art fair with strong participation from galleries in Southeast Asia and Asia as well as some of the best galleries in Europe and America," says Art SG co-founder Magnus Renfrew. "It's interesting when you look at how Southeast Asia has developed as a whole. You don't quite realise that the region is at the same scale as Europe, and home to some of the fastest-growing economies in the world."
As a gateway to the region, "Singapore lends itself as a good location for an international art fair, which requires international attendance," explains Renfrew. Art SG brings together more than 150 leading galleries from around the world, including mega galleries such as Gagosian, Pace and White Cube-with some showing in the city state for the first time alongside significant local, regional and international galleries.
This story is from the November 2022 edition of Tatler Hong Kong.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2022 edition of Tatler Hong Kong.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
THE LAST WORD
Every issue, we ask our cover star a round of quickfire questions that give us a little more insight into their personalities. This month: Takashi Murakami
GOING WITH THE FLOW
How does one approach the ancient philosophy of feng shui in a modern way? Three leading Hong Kong-based designers share their thoughts on this revered art of placement and how to introduce its principles into our spaces
SCENE MAKER
Italian architect Antonio Citterio reflects on his enduring collaboration with Maxalto and how far the furniture brand has come since its early beginnings
MODERN FAMILY
Kourtney Kardashian's California sanctuary by famed designer Martyn Lawrence Bullard, is where elegance meets comfort
A TO Z COSMETIC TREATMENTS
From Botox to glass skin facials, here are the most talked-about cosmetic treatments to know
CHANGING THE GAME
Our world is ever-changing, and so is the way we experience it. Tatler explores how the travel industry is adapting to the needs and values of a new generation
ACTS OF SERVICE
Go on, then. Ask Vea and Wing's chef-owner Vicky Cheng what his love language is
THE BIRTH OF A MOVEMENT
More women are taking back their birthing experience and their power by challenging the institutionalised norms surrounding childbirth, honouring the healing process and leaning on the magic of sisterhood
THE RIGHT INGRDIENTS
Oscar nominee Tran Anh Hung, who won Best Director at Cannes last year, evolves the language of cinema to present the simple beauty of Vietnam
THIRST TRAP
Marilyn Minter takes an exclusive self-portrait for Tatler and reminds the world why raw, honest, non-conforming beauty is the most compelling kind