In A Snapshot: Contemporary Art Market
The sales of Contemporary Art has returned to a growth path. This healthy correction became apparent in the first half of 2017 with a +14% growth in global auction turnover, signalling a new period of prosperity.
In a global Top 500 dominated by Chinese artists (32%), American artists (19%) and British artists (8%).
In A Snapshot: SEA Art Market
As the South-East Asian art market grows, Singapore has invested heavily in art infrastructure, with the strategic aim of becoming the region’s art market hub:
- Art Stage
- Affordable Art Fair
- Singapore Contemporary Art Fair
- National Gallery of Singapore
- Singapore Art Museum
- The Arts House (Old Parliament House)
- Gillman Barracks
Rapid regional growth in the UHNWI population and wealth, combined with Singapore’s position as a financial and art market hub, point to significant opportunities to grow the Art & Finance market in South-East Asia.
In 2016, South East Asia saw 28% sales growth.