Singapore has rapidly become the region’s favorite city among global asset and wealth-management firms in recent years, as the strained relationship between China and the United States has caused financial firms to seek a getaway from the risks of possible sanctions and embargoes from the two feuding superpowers. India, now the world’s largest population, maintains its art market largely on an expanding domestic audience.

Singapore

Singapore’s warm air of optimism comes from the influx of new-moneyed immigrants despite the recessionary winds hitting the region caused by the dwindling growth rate of the Chinese economy. In its second edition at the Expo and Convention Centre at Marina Bay Sands, Art SG (January 19–21) is still in its early development, as the number of participating galleries dropped from 164 in its debut year to 114 in 2024—reflecting a more comfortable scale for the market’s size.