Asian collectors and buyers will play an increasingly influential role in the global art market, according to Artprice founder and CEO Thierry Ehrmann, who has reaffirmed the partnership between his leading art price and art index databank and Art Stage Singapore, the major Asian art fair. As part of this partnership, they have released a joint publication offering tips on collecting art.
Art Stage Singapore, the leading contemporary art fair which ran from January 21 to 25 2015 at the Marina Bay Sands Expo and Convention Centre in Singapore, drew 51,000 visitors including leading international art collectors and reported record sales.
As the dialogue between the Eastern and Western art worlds intensifies, Ehrmann said Artprice’s continuous alliance with Art Stage Singapore has grown into a mature partnership for the joint production and publishing of educational books and permanent digital data streams for major Asian art collectors. It also pools high-value client databases to create a vital chain of additional value on the Internet (Artprice’s PMN) between editions of Art Stage Singapore.
This strategic alliance, materialized in 2012, is driven primarily by the two companies’ respective founders and leaders: Lorenzo Rudolf, founder of Art Stage Singapore and Thierry Ehrmann. One of their aims is to jointly publish art market analysis and permanent digital streams that will bring added value to major art collectors.
Ehrmann said that as Asian collectors and buyers are playing an increasingly influential role in the global art market, it is the mission of Art Stage Singapore and Artprice.com to provide an insight for collectors old and new to prepare themselves for every purchase.
With that intention in mind, they have published and launched a companion guide called Collecting 101, available online: http://imgpublic.artprice.com/pdf/art_stage_2015_en.pdf
As predicted in previous annual reports, Artprice confirms that Asia, as a whole, represents over 42% of the global art market in 2014 and will represent a minimum share of 54% to 57% by 2017.
Artprice said that Singapore will play a key role in the growth of the art market in the region, thanks to its very high standard of living, political stability and financial strength. It also has a significant art scene, a powerful museum industry and a free port that meets the needs of the Asian art market.
Ehrmann said: “Art Stage Singapore – which enjoys strong political support from Singapore’s government in its bid to become a major reference in Asia – owes its success to its founder Lorenzo Rudolf.
“Lorenzo Rudolf is undoubtedly one of the top five global ‘market makers’ (major players who impose their views on the Art Market). His career has been impressive and faultless: from Art Basel in the 1990s, to Art Basel Miami and ShContemporary in Shanghai.
“Art Stage Singapore is the fruit of an intelligent and intimate knowledge of the global art market and especially the Asian Art Market, where no European or American has acquired such a high level of art market expertise.”