Art consultants choose Singapore for Asian headquarters – International Herald Tribune

SINGAPORE ASIAN ART CENTRE Fortune Cookie Projects, a curatorial and art consulting service set up in 2006 by Mary Dinaburg and her partner Howard Rutkowski, has recently established their headquarters in Singapore.

The decision to open an office in Asia is a reflection of the rise of Asian art and the importance of Asian collectors in the world market, they said.

“All the international art world knows that Asia is beginning to be a major player and will be even more so,” Dinaburg said. “Galleries, artists, museums want to be in this part of the world, but they don’t know it, so for us it’s a perfect opportunity to work with them, to be their outpost.”

Singapore’s advantages: financial hub, English language, free port facility, space

While the partners considered several locations, including Shanghai and Hong Kong, they say they finally decided on Singapore because of its central geographical position in the region and its wide use of English. But most importantly, it is a financial hub for private wealth, and the city is setting up a free port with what Rutkowski called a “Fort Knox-like,” state-of-the-art facility to house works from all over the world.

Right now, the only other free ports for art are in Zurich and Geneva, he said. With a gross floor area of approximately 22,500 square meters, or more than 242,000 square feet, for Phase 1 (and an additional 24,000 square meters for Phase 2, to be completed in 2011), the Singapore FreePort will include showrooms, workshops, photo studios and private offices. Due to be completed toward the end of next year, it will be directly accessible to Changi Airport.

“The FreePort is a huge asset to the development of the art market here,” Rutkowski said. “There will be huge, secure warehouses, with no duty or taxes paid; a place for people to park their art safely for as long as they want and in total confidentiality.

“We also felt Singapore was a better place to set up shop than Hong Kong, because it has a much better infrastructure in terms of museums and exhibition spaces. Hong Kong doesn’t have space. When we did the Julian Schnabel show we had to transform office space, because major contemporary artworks, such as his, require proper presentation.”

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Western art advisors turn to Asian new media art for their corporate clients – International Herald Tribune

NEW MEDIA ART FROM SOUTH EAST ASIA FOR COLLECTORS

Fortune Cookie projects, an art consulting service with clients who include Clifford Chance, Hermes, UBS and Saatchi, plan to set up headquarters in Singapore this year and they are on the look out for Asian new-media artists whom they can introduce to the West.

“Chinese artists have been the flavor of the month for the last five years,” founder Rutkowski said. “That will not cool, but it will change a bit. International collectors that went in early have got their works and they won’t buy an artist that they got for $20,000 a few years back for $4 million now; if anything, they’re going to sell. So many are looking along the Silk Road, and there is a very strong interest in the Southeast Asian region.”

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New art fair sets up in Singapore September 2008 – International Herald Tribune

SINGAPORE ART FAIR 9 to 12 September

Asian contemporary art has seen its star rise markedly in recent years. Yet the region has yet to produce art fairs to rival those in the West like Art Basel in Switzerland, Frieze Art Fair in London, the Armory Show in New York and Art Basel Miami Beach. In the past year, two new contemporary art fairs have gained considerable attention because of their sheer size – ShContemporary in September in Shanghai and Art HK in May in Hong Kong – but they are still far from being seen as equal to their Western counterparts.

Now, a new entrant, Singapore Showcase, is also hoping to be noticed. With 23 major international galleries, it is very much a boutique fair, but those attending include marquee names in international contemporary art: Sperone Westwater and L&M Arts from New York to Galerie Thaddaeus Ropac from Paris, SCAI the Bathhouse and Tomio Koyama from Tokyo, Arario Gallery from Seoul, Hanart TZ from Hong Kong and ShanghART from Shanghai.

“It would be enormously presumptuous to say we’re going to be the Basel of Asia, but the standards that we’re trying to push here and emulate are those of the Armory or Basel, on a smaller scale,” said Mary Dinaburg, principal of Fortune Cookie Projects, the curatorial and art advisory consultancy behind the new fair, which runs Sept. 9-12 and coincides with the opening of the second Singapore Biennale.

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