Art Fair Opens With Buoyant Sales
The Straits Times , 10 October 2009
ARTSingapore 2009, one of the largest contemporary art fairs in the region, opened yesterday and got off to a buoyant start.
Gallery owners reported good sales of works by artists such as Singapore pioneer Cheong Soo Pieng and Indonesia-based Swede Richard Winkler, whose paintings depict voluptuous women who live in the tropics.
Winkler's works went for about $150,000 each. About 15 pieces had been sold by the afternoon.
The annual four-day event - on at Suntec Singapore until Monday - features 60 exhibitors from all over the world showing about 800 artworks worth $30 million. This is its ninth year.
Although there are fewer exhibitors compared to previous years, there was an air of optimism at the venue.
Fair director Chen Shen Po, 44, said: "The current buoyant stock market has brought back investor confidence. Galleries are reporting an increase in interest from art buyers and collectors."
Last year, 15,000 people attended the event, which featured more than 100 exhibitors, and chalked up an estimated $10 million in sales.
Art-2 Gallery owner Vera Ong is showcasing a collection of the late Cheong Soo Pieng's works, which are selling for $5,000 to $60,000.
"Sales have been good so far," she said. "About 75 per cent of the collection, or about 25 paintings, have been sold.
"I think people are still buying works, it's just that they are more careful about spending their money this year." (Tara Tan)
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