Growth in art-related businesses from storage to insurance to art handling
Art has quietly become big business in Singapore.
Singapore's art scene in the past year has been abuzz with the third successful editions of two art fairs - Art Stage Singapore and Affordable Art Fair - as well as the opening of the visual arts cluster Gillman Barracks which brought in a star-studded roster of art galleries ranging from New York's Sundaram Tagore to Singapore's Fost to Japan's Tomio Koyama.
And their presence has sparked a minor boom in arts-related businesses ranging from art handling to storage to insurance.
While official figures of the revenue generated by these industries is not available, the increase in the number of businesses and entry of new players points to the steady rise of such subsidiary businesses.