Art SG a turning point for Singapore market?

The art fair’s debut saw mega galleries selling works worth millions of dollars

Helmi Yusof

Published Fri, Jan 13, 2023 · 05:00 PM

Arts

THE brand new art fair Art SG ended its VIP preview with some sterling numbers. The mega-galleries, such as David Zwirner and White Cube, sold over US$2.5 million worth of blue-chip art. Singapore galleries such as FOST and Yavuz sold more than half of the works they brought, although at more modest prices. The overall sentiment among participants was positive – even if some galleries out of the 164 galleries at the fair did not generate satisfactory sales.

Ursula Sullivan, co-founder of Australian gallery Sullivan+Strumpf, was kicking herself after the vernissage: “We sold almost everything …