Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Singapore’s Subsidies for the Art Market

September 14, 2011 by Marion Maneker

Scene Asia has some questions about the viability of Singapore as an art entrepôt what with its restrictions on sexual imagery, nudity and violence being depicted. Nonetheless, the blog points to the substantial resources the government of Singapore is devoting to making the city state a force in Asia’s art world:

A flurry of events this year have generated buzz and drawn crowds to the city-state. January’s inaugural Art Stage, with exhibits from Ai Weiwei, Yayoi Kusama and Takashi Murakami,attracted 32,000 fee-paying attendees. The Singapore Biennale drew a record-breaking 913,000 viewers. And come 2015, a 60,000-square-meter National Art Gallery, which is slated to be the largest visual arts venue in Singapore, will be opened to house such events.

“In the area of visual art, Singapore has made tremendous progress,” says Tan Boon Hui, director of the Singapore Art Museum. “There has been a suite of platforms and showcases that have helped put Singapore prominently on the international art scene.”

Much of this is due to a strong state-led effort to promote Singapore as a regional arts hub. Art Stage, which returns next year, was backed by government agencies like the Singapore Tourism Board and the Economic Development Board, a government body that seeks to draw investment to the city-state. Eugene Tan, a director at the board and a former director at the Sotheby’s Institute of Art, curated the local art offerings at Art Stage. Meanwhile, the Singapore Biennale, which was organized by the Singapore Art Museum, had its 6 million Singapore dollar (about US$4.9 million) budget largely funded by the government.

Singapore: An Art Hub? (Scene Asia/Wall Street Journal)

More from Art Market Monitor

  • Indian Art Bought for $75k in 90s, Yields $2.3mIndian Art Bought for $75k in 90s, Yields $2.3m
  • Duchess of Windsor Jewels = £7,975,550Duchess of Windsor Jewels = £7,975,550
  • Christie's Multiples = $10,307,775Christie's Multiples = $10,307,775
  • Scholars Get Ready for Modigliani-mania at the TateScholars Get Ready for Modigliani-mania at the Tate
  • Powerful Women Exerting More Influence at the Very Top of the Art MarketPowerful Women Exerting More Influence at the Very Top of the Art Market
  • Cleveland MoA Sells 32 Old MastersCleveland MoA Sells 32 Old Masters

Filed Under: Emerging Markets

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor