Government Support and Academic Interest in Place; Funding from Private Sector Paramount to Propel Singapore Art Market
Singapore Minister of Culture, Grace Fu was introduced to Serge Tiroche at the Tiroche DeLeon Collection booth at Art Stage where she expressed her interest in the development and representation of Singaporean artists and works.
Dean of INSEAD Ilian Mihov, Chairman of Singapore Economic Development Board Beh Swan Gin, and Chairman of WIPO Copyright Committee Daren Tang shared an interest in the exhibition, all of whom conveyed their well wishes via emails in response to invitations to view the show despite being unable to attend due to other commitments including duties at the World Economic Forum in Davos.
Art is a tool for cultural diplomacy. The Singapore government, public sector and academic interest and support in the arts is a case study that global art and creative economies can learn from. In our time of fragmentation, we should communicate and collaborate to create a shared future between the art world and related public, private and non-profit sectors, not just in the parliament or in the boardroom but in transparent environments such as at an open forum for inclusive economic growth because “art has the power to change the world.”
Singapore continues to lack in micro foundations in commercial success necessary for a thriving art economy but we are in an advantageous position to optimise resources such as scientists and thinkers as opposed to creatives and artists to create critical success. We also have the potential to leverage on our strength in the fields of finance, science, technology and infrastructure to build an art and culture knowledge and research hub, or even an art shipping and storage hub with significance on the world map – the art world’s Centre for Innovation.