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Sotheby’s to Hold First Singapore Auction After 15 Years

  • Auction house to show modern art on Aug. 28 in the city-state
  • Demand from Southeast Asia has grown ‘exponentially’
The Singapore skyline

The Singapore skyline

Photographer: Roslan Rahman/AFP/Getty Images 

Auction house Sotheby’s will hold its first auction in Singapore in 15 years amid a growing collector base in the city state, which has become an increasingly popular destination for expats, family offices and wealthy tycoons.

The auction of modern and contemporary art will take place on Aug. 28, according to a press release from the company. Demand from collectors in Singapore and Southeast Asia has grown “exponentially,” the firm said.