Young and rich South-east Asian buyers drive Singapore art market hopes

Auction of artist Georgette Chen's Boats And Shophouses (visual of painting on the monitor) at the Sotheby's auction in Singapore in August. PHOTO: SOTHEBY'S
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SINGAPORE – Wealthy South-east Asians are bringing money into Singapore’s art market, fuelling recent auction records and renewing buzz in the scene.

A South-east Asian buyer snagged Georgette Chen’s Boats And Shophouses for $2.02 million at a Sotheby’s auction in August – a new price record for works by the Singapore artist.

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