Art Stage Singapore Opens Under the Hallmark of Artprice’s Strategic Alliance With City State’s Largest Contemporary Art Fair

PARIS, January 22, 2013 /PRNewswire/ –

As pre-announced in its press release of 25 October 2012, Artprice confirms the
establishment of a long-term alliance with Art Stage Singapore, an alliance that has grown
ever since this major Asian Contemporary art fair began and which today represents a
mature, multi-faceted partnership. In effect, the Artprice/Art Stage duo is focused not
only on producing and publishing educational material and providing permanent digital data
streams for major Asian collectors, but also on exploiting the synergies from pooling
data-rich client files and creating a chain of value-added on the Internet (PMN(R)Artprice
) between each edition of Art Stage Singapore.

For the opening of Artstage Singapore (from 24 – 27 January 2013), Artprice and Art
Stage Singapore have a clear strategy focused on educating the Asian art market’s elite
using all the necessary tools that Artprice can provide. One of the key initiatives of
both partners is to publish art market analyses and a permanent stream of digital data
offering added value to Asian art collectors.

According to Lorenzo Rudolf, founder of Art Stage Singapore, “Asian collectors and
buyers are playing an ever-growing role in the global art market” and “it is our duty,
with our longstanding partner Artprice, to provide these collectors, both new and
experienced, with all the knowledge they need in order to purchase art in an informed
manner under all circumstances.”

Indeed, this ambition has inspired the two founder-CEOs, Lorenzo Rudolf for Art Stage
Singapore and Thierry Ehrmann for Artprice, to create this multi-lingual guide entitled
“Collecting 101″. This guide discusses the key issues of art collection, and offers a wide
variety of services, benefits and value chains to the prestigious collectors of “Greater
Asia”.

http://imgpublic.artprice.com/pdf/art_stage_2013_en.pdf

Henceforward, all of Artprice’s market analysis tools and expertise in econometric,
standardization and traceability are now available to Asia’s major art collector.

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 with Hong
Kong; but Singapore, 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.

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)1987-2013 thierry Ehrmann

For more information:

ARTPRICE has joined the prestigious SBF 120 index. Following the quarterly review of
the Euronext Paris indices, the meeting of the Scientific NYSE Euronext Committee for
Indices decided to admit Artprice.com into the CAC Mid 60 and the SBF 120. The SBF 120
index is composed of the 120 largest French listed companies, including the CAC 40
companies and the country’s 80 most liquid stocks.

The current liquidity of the Artprice share is 3.83 million euros per day calculated
over 440 trading days (amounting to a total of 1.688 billion euros).

Artprice is the global leader in databank on Artprices and indices with more than 27
million indices and auction results covering more than 500,000 artists. Artprice Images(R)
offers 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 international auction houses and auctioneers and publishes a constant flow of
art market trends for the main news agencies and 6,300 international written media. For
its 2.072 million members (member log in), Artprice posts standardized adverts in what is
today the world’s leading Standardised Marketplace(R) for buying and selling works of art
by private contract or at auctions -regulated by French law alineas 2 et 3 de l’article L
321.3 du code du commerce-

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which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos

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Contact: Josette Mey, tel: +33(0)478-220-000, e-mail: ir@artprice.com

SOURCE Artprice.com