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Wealthy Store Art in Singapore’s Tax-Free ‘Fort Knox’

Singapore’s maximum-security vault for art, gold and valuables opening today will allow the city-state to match Hong Kong and Beijing as an Asian center for art, said Christie’s International’s regional chief.

The Singapore FreePort Pte’s 30,000 square meters (323,000 square feet) of strong rooms -- enough to cover about six football fields -- are inside Changi International airport, allowing non-resident collectors to store valuables such as jewels and wine without paying taxes or filing customs forms.