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Posts Tagged ‘ARTSingapore 2008’

Surprises in store at Singapore Art Fair October 2008 – Asian Art News

Posted by artradar on October 2, 2008


ART FAIR SINGAPORE

ARTSingapore 2008 has some important surprises in store says Asian Art News. There will be a new focus on art from Korea, India and Japan, first time gallery participants, a collector’s show of art never before displayed in public and specially featured emerging artists to watch.

 “This year’s event will highlight a sizeable representation from India Korea and Japan” says fair director, Chen Shen Po. Alongside 22 new Korean fair participants ARTSingapore will also welcome 13 Japanese art galleries including Megumi Ogita Gallery, Shonandai MY Gallery, Arte Gallery and Shinsedo Hatanaka. This marks a new milestone in the development of the fair which has historically been a showcase for South East Asian art.

First time gallery participants include Sundaram Tagore Gallery (USA), Cais Gallery (Korea), Hwas Gallery (China), Silverlens (Philippines) and Bruno Art Group (Israel). Click here for full gallery list.

Jirapat Tatsanasomboon 'Fighting over the Maiden 2'

Jirapat Tatsanasomboon

Rising artists to be featured at the fair include:

  • Wu Jianjun (China)
  • Kengo Nakamura (Japan)
  • Jirapat Tatsanasomboon (Thailand)
  • Dang Xuan Hoa (Vietnam)
  • Wayan Sujanda (Indonesia)
  • Thota Vaikuntam (India)

This year the popular Special Collector’s Showcase section is curated by Masanori Fukuoka owner and founder of Japan’s Glenbarra Art Museum and who according to Asian Art News is ‘recognised as the world’s top collector and connoisseur of Indian contemporary art’. Fukuoka has arranged a solo show of Jogen Chowdhury (b 1939), one of the foremost artists of post-Independent India which will contain 18 ink pastel and watercolour works never before displayed in public.

As well as the Collector’s Showcase there will be another important exhibition. Kim Soo Keong a leading collector in Korea and a director of Kwangju Biennale Foundation has agreed to loan the Fair a group works from her collection of more than 100 pieces of Nam June Paik’s works, some of which including TV Repair Man and Blue Buddha have never been shown in public. Kim Soo Keong’s Nam June Paik collection is widely regarded as being amongst the most important in the world.

In total the fair will feature 110 galleries and institutions from 16 countries who will showcase more than US$30 million of artworks before an expected 15,000 visitors. Despite the fair’s growth from just 19 galleries in 2000, the Singapore fair remains ‘one of the most friendly and accessible’ fairs in the region says Asian Art News.

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Posted in Acquisitions, Collectors, Emerging artists, Fairs, Indian, Individual, Japanese, Korean, Singapore | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Korean contemporary art spread through Asia threatened by meltdown

Posted by artradar on September 30, 2008


Ham Jin Aewan 1025 c-print

Ham Jin Aewan 1025 c-print

 

 

 

 

 

KOREAN CONTEMPORARY ART

Korean artists and galleries have made a huge impact on Beijing recently with the presence of PKM Gallery, Do Art and Arario Beijing in the Brewery International Art Garden says Theme magazine. All three spaces showcase Korean artists but throw Chinese and international artists into the mix as well.  “Today some of the best galleries in Beijing are Korean” agrees Dr Katie Hill, writer curator and lecturer specialising who is currently writing a book on Visual Modernity in China to be published by Lund Humphries in 2009.

Further south, Seoul Auction, Korea’s largest and longest-established saleroom, has announced its move into the Hong Kong market.

Seoul Auction will be the first Asian saleroom to enter the Hong Kong market reports the Financial Times and is kicking off on October 7 2008 with a $38.5m sale of modern and contemporary art. “Hong Kong is now the world’s third biggest art market and has huge growth potential,” says the firm’s marketing director Misung Shim. Among the offerings is Roy Lichtenstein’s “Still Life with Stretcher, Mirror, Bowl of Fruit” (1972), with an estimated sale price of $9m-$10m and Willem de Kooning’s “Untitled XVI” (1982), with an estimated price of $5.85m-$7.8m, as well as contemporary Chinese and Korean art.

To the west ARTSingapore 2008, held this year 10 – 13 October 2008 and known in the past for its focus on South East Asian works, will for the first time in its history have significant representation from India, Japan and particularly Korea. This year 22 new Korean galleries will participate including Park Ryu Sook Gallery, Gallery Neo, Gallery Yeh, Gallery SP and Gallery Bhak.

But with financial markets floundering, is the timing right for Korean artists and galleries to realise their ambitions?

Absolutely not claims the Financial Times , after all visitors were thin on the ground at this month’s Korean International Art Fair, ‘which opened its doors on the “day of days”, when international financial markets were in meltdown’. With the Kospi (Korean stock index) in freefall and the won plummeting, “it was hardly the time to expect Koreans to buy art”. What a contrast to last year, when the Korean art market was booming, Korean buyers were active in auctions in New York and three new art funds were launched.  “The problem is, 80 per cent of Korean art buyers are pure speculators,” said Juhl Joohyun Lee, director of Arario gallery, “and the international situation is having a drastic effect on the Asian art markets.”

Further discouraging buyers is the fallout from the Samsung scandal. Earlier this year Korea’s golden couple, Samsung chairman Lee Kun-Hee and his wife Hong Ra-Hee were accused of using money from a $64m slush fund to buy art for the Leeum, Samsung’s art museum. Lee stepped down from his chairmanship of Samsung, and while Hong was cleared of these charges, buying by Samsung, previously one of the country’s biggest art collectors, has apparently come to a total halt.

Click here for more on collectors, Korean contemporary art, art recession, globalisation of art markets.

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Posted in Acquisitions, Auctions, Beijing, China, Collectors, Corporate collectors, Critic, Curators, Fairs, Galleries, Globalisation, Hong Kong, Individual, Korean, Market watch, Recession, Singapore | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment »