All posts tagged: Art Assembly

ART SG Cofounder Magnus Renfrew on The Return of Singapore’s Fair 

ART SG Cofounder Magnus Renfrew on The Return of Singapore’s Fair 

Magnus Renfrew and his team are trying hard to avoid a sophomore slump. The entrepreneur and author is back in Singapore for the second iteration of ART SG, the fair Renfrew launched last year, making it the third big fair to begin in the region in the past few years, after Tokyo Gendai last July and Taipei Dangdai in 2019. The exhibitors list for this ART SG is noticeably smaller this year’s, going from more than 150 galleries to 114—a drop of more than 25 percent. It’s not clear yet whether that’s a sign for alarm, but it is clear that many of the major players from last year, like Pace, Perrotin, David Zwirner, and Almine Rech, have not returned. Related Articles Singapore’s economy remains strong, with growth of 1.2 percent in 2023, compared to 3.6 percent in 2022. Wealth continues to pour in through family offices, the private investing arms of families with assets often of $100 million or more, but the economy’s growth rate is starting to slow, and sales tax is rising. …