Here’s a quick look at what sells in Singapore

Ms Rebecca Wei, President of Christie’s in Asia: “Singapore ranks (in the) top 10. Christie’s launched the online-only auctions two years ago and we see new growth, a new wave of buyers coming in. They are the new buyers with a lower-threshold entry point, but very interested in online trading. Singaporeans naturally go for Southeast Asia contemporary oil painting. That’s the number one category. Number two would be Chinese lutes, and Chinese painting and contemporary art.

The owners of 20-year-old Opera Gallery in Singapore say they have seen a 10 per cent increase in the average price per piece of art in the last one to two years, but that isn’t something that fazes art enthusiasts.

Said the gallery’s Asia Pacific Director Stephane Le Pelletier: “We have all kinds of buyers. Some like to buy (work by) young contemporary artists, and I would say the trend was and is for Pop art and contemporary art. If we are talking about established artists, whose work you can find in museums, usually the price is already at a high level, so these pieces are for genuine collectors and people with knowledge.”

More in Singapore venture into art-collecting  (Channel NewsAsia)