Funnily enough, if not for ART SG’s multitude of postponements, the fair wouldn’t be taking place at a time of unprecedented curiosity in Singapore’s fledgling art market. This is due to the city-state recently turning into the go-to base in Asia for global companies as properly as rich people, households, and businesses from throughout the area. Many of them have departed Hong Kong, which lengthy had preeminence as Asia’s art market capital, because of Singapore’s evenhanded Covid restrictions and its longstanding popularity as a global finance hub. Their typical truthful tends to offer art and programming that connects with the particular regional and native market, whereas additionally branding itself as a global platform that includes blue-chip galleries such as White Cube, Gagosian, and David Zwirner. This strategy has allowed their portfolio of art festivals to remain afloat and relevant even through the “fairtigue” of the late 2010s, as nicely as the pandemic. Though major American artists took the auction block in the course of the November gross sales, throughout that week, results were expectedly flat, due to a new air of penny-pinching conservatism among top-tier collectors.
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