PARIS, October 25, 2012 /PRNewswire/ --
As predicted in previous annual reports, Artprice confirms that
Asia, as a whole, will represent
over 55% of the global art market in 2012 and a minimum share of
65% to 70% by 2015.
However, despite China's apparent
domination - with a 41% market share far ahead of the USA with 23% - Asia, with 61% of the world population, is a
highly complex market and can even be a veritable nightmare for
Western companies that have failed to understand the local
terrain.
For example, the question of "market share" on the Asian art market
is in fact far more complicated than it first appears. On paper,
China looks the obvious leader;
but Singapore, Hong Kong, Indonesia, Taiwan, Japan, South
Korea and the Philippines
could also justifiably make the same claim.
In reality, there are only two major entry points to the Asian art
market (which includes China,
India, South East Asia, the Arabian Peninsula, and
Australia & New Zealand) and both are leading financial
and wealth management centres: Singapore and Hong
Kong. Artprice has been intensely involved in setting up its
offices in Hong Kong since early
August 2012. However, it still lacked
access through the other major gateway and indeed the most
important one for Asia as a whole,
Singapore… with all of its cultural diversity.
Singapore is a cosmopolitan,
dynamic and global City-State with a 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. In addition,
Singapore is ranked among the top
three countries of the world in terms of broadband Internet
penetration.
Artprice is pleased to announce that its long-term alliance with
the important international art fair, Art Stage Singapore since the
latter's inception has been extended into a mature partnership for
the joint production and publishing of educational books and
permanent digital data streams for major Asian art collectors and
the pooling of 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, that will materialize by the end of 2012,
is driven primarily by the two companies' respective founders and
leaders: Lorenzo Rudolf, founder of
Art Stage Singapore and Thierry
Ehrmann, CEO and founder of Artprice.
According to Thierry Ehrmann:
"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 5
global "market makers" (major players who impose their views on the
Art Market). Lorenzo Rudolf's 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.
In January 2013, Art Stage Singapore
will focus its attention on Indonesia, the most dynamic emerging country
in Asia in terms of art, and a new
"land of opportunity" for Artprice. Likewise, the strong presence
of Australian and New Zealand
galleries at Art Stage Singapore will complete Artprice's "global
rollout."
According to Lorenzo Rudolf:
"Art Stage Singapore is the only international art fair that covers
South Asia and the Asia Pacific zone and which functions as the
unavoidable rendez-vous for collectors, artists, amateur art
buyers, art institutions and art galleries from both sides of
Asia. The 2013 edition will
showcase the extraordinary vitality of Indonesian Art (Indonesian
Pavilion) and will allow Art Stage Singapore to present the first
virtual art fair in Asia (Art
Stage+).
A significant portion of the fair will be devoted to a presentation
of thirty well-known artists from emerging countries (Art Stage
Singapore Initiative) and to the presentation of Singapore's State platform (National Arts
Council - NAC). There will also be a strong Australian element
among the 130 galleries from around the world (80% Pan Asia, 20%
International). Lastly, Art Talks will present a global view of art
trends, both in Asia and rest of
the world. Art Stage Singapore's strategic alliance with Artprice
offers prestigious collectors from "Greater Asia" and beyond all the imaginable
services and chains of value that the art market can provide".
Artprice - as global leader in art market information - supports
and validates the highly sophisticated strategy of Art Stage
Singapore and its director Lorenzo
Rudolf. Singapore is
considered the Switzerland of
Asia, a hub for private wealth
management with very strong State support for culture. In terms of
cultural dialogue and new artistic media, Singapore is destined to become the center of
the elitist segment of the Asia
art market. Artprice's presence in Hong
Kong and the forthcoming launch of its Standardized Auction
& Fixed-Price Marketplace will give Artprice a key place at the
core of the Asian art market, which will account for close to 70%
of the global art market in less than three years. Artprice will
the preferred channel for customer transactions at Art Stage
Singapore.
For Art Stage Singapore, the alliance with Artprice solves problems
related to the calendar of global art fairs while for Artprice it
provides a physical presence and an opportunity to irrigate
the powerful and discrete networks behind the major Asian
collectors.
http://www.artprice.com (c) 1987-2012 thierry Ehrmann
Artprice is global leader in art-price and art-index databanks with
more than 27 million indices and auction results covering more than
500,000 artists. Artprice Images(R) gives unlimited access to the
largest art market resource in the world, a library of 108 million
images or engravings of artworks from 1700 to the present day,
along with comments by Artprice's art historians. Artprice
permanently enriches its databanks with information from 4,500
auctioneers and publishes a constant flow of art market trends for
the main news agencies and 6,300 international written media.
Artprice diffuses its advertisements (ads) to its 1.71 million
members (member log in) who now represent the world's largest
Standardised Marketplace® for the acquisition and sale of artworks
at fixed-price or via its auction brokerage system (regulated by
paragraphs 2 and 3 of Article L 321.3 of the French Code of
Commerce).
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Contact: Josette Mey - tel:
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