While the Western art market goes quiet in January, the Asian market is bustling with new and recently established art fairs in Singapore and India.
Art Stage Singapore debuts on January 12-16 at the Marina Bay Sands. The first of what is planned to be an annual event, it features 90 galleries. Under fair director Lorenzo Rudolf (director of Art Basel from 1991 to 2000), western galleries get a relatively small look-in, selected only where they will “complement and not conflict”; the emphasis is on bringing Asia-Pacific work to international attention and to make the Asian art market a more cohesive community.
The Project Stage, for instance, features over 20 projects created for the fair from Asian artists who would ordinarily find it difficult to engage with dealers.
The India Art Summit is now coming up to its third edition. It has continued to grow each year and this edition will be almost double the size of last year’s. It takes place from January 20-23 at the Pragati Maidan venue in New Delhi, where 84 Indian galleries have been selected alongside 34 international galleries, with a selection of contemporary and modern art pieces on display.
At the last summit over 50 per cent of exhibited works were sold for a total of $5.3m, with about 30-40 per cent of the buyers being first-time collectors.
Both these fairs show the rising influence and interest in the Asian art market: they look set to continue to grow.
Get alerts on Collecting when a new story is published