MCH Group, which owns the Art Basel franchise, is expanding its global portfolio of art fairs with the launch of a new fair in Singapore next autumn. The new fair is a joint venture between MCH Group, Sandy Angus of Angus Montgomery Arts and the events organiser Tim Etchells.
Peter Peri Image Courtesy of Pearl Lam Galleries Singapore
Around 80 galleries from Singapore, Southeast Asia and beyond are expected to take part in the first ART SG fair, which opens at the Sands Expo and Convention Centre at Marina Bay Sands on 1 November (until 3 November 2019).
In a joint statement, Angus and Etchells say Singapore deserves an art fair of significance.
“It is the right time for Singapore, as a flagship art city and key art centre of Southeast Asia,” “It is less than a two-hour flight from every major city in the ASEAN zone which represents a collective market of 620 million people, significantly larger than that of North America, the Eurozone or the Middle East.”
Angus and Etchells say:
“Southeast Asian collectors have grown steadily over the years and the art scene is providing new areas of opportunity”, noting that Singapore is now ninth in the world in terms of household wealth per adult and number one in Asia. “ART SG will work to galvanise the Singapore art scene, and our desire is that the entire sector in Singapore benefits from the fair, whether they have a direct investment or not,”
ART SG joins a burgeoning roster for MCH: in December the firm acquired a majority stake (67.5%) in Masterpiece London. MCH also owns a majority stake (60.3%) in the India Art Fair and a 25.1% stake in art.fair International, the organiser behind Art Düsseldorf.