All posts tagged: ART SG

The Best Booths of ART SG 2024

The Best Booths of ART SG 2024

[ad_1] ART SG has officially returned to the Marina Bay Sands Convention Center for its second edition, and even if the exhibitor list was noticeably smaller than last year’s fair, the strong energy of 2023 was still present. Just before its 2 p.m. opening, a line had already formed in front of the entrance to its top floor. Inside, dealers seemed enthusiastic. Several galleries, like Lehmann Maupin and White Cube, did report sales by the early evening. Thaddaeus Ropac, for its part, said it sold an Anselm Kiefer painting for 1.1 million euros, or just under $1.2 million. More than a dozen galleries also reported first-day sales of works under $100,000, with one art dealer noting the lower price point helped sell a higher volume compared to last year’s fair. Still, several people told ARTnews the pace of buying continued to differ from fairs in other cities. “People in Singapore take a little bit more time,” Hong Kong–based gallerist Daphne King-Yoo of Alisan Fine Arts told ARTnews. “We did the bulk [of sales last year] …

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

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

[ad_1] 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 …