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Banksy’s Shredded Artwork Sold for a Record £18.5m comes to Asia
RtistiQ
Banksy’s artwork “Love is in the Bin” went under the hammer at Sotheby's in London on Thursday, selling for a whooping £16m (before buyer premium) - high above its £4-6m estimated price. The event, taking place during Frieze London, grabbed not only the art world’s attention but also the wider public was heavily captivated by this event. It was one of those rare art occasions making headlines around the globe.
The artwork was put on auction only three years after being sold for £1m by the same auction house in 2018 and being reinvented into a new art piece. As Alex Branczik, chairman of modern and contemporary art at Sotheby’s Asia said: “It is almost three years to the day since one of the most ingenious moments of performance art this century made auction history. Banksy is no stranger to making headlines and this latest chapter in his story has captured imaginations across the world – we can only begin to guess what might come next.”
As the auctioneer admitted, the big release came minutes after the hammer went down. Everyone was expecting for this artwork to put on a new show, perhaps the shredder to finish its job or, in an act à la David Copperfield, the canvas to vanish completely. None of those things happened. The sale was the show, a havely marketed event judging by the media coverage and public interest. The auction house even displayed their own flag half shredded outside their headquarter building in London. The Contemporary Art Evening Sale made all art lovers keep their breath for the 10 minutes long battle between the 9 eagger bidders.
The price of £18.5m (including buyer's premium) paid by the Asian collector (according to The Art Newspaper) establishes a new record for the British artist. A sale that can only be described as a memorable evening not only for the 2018 buyer but also for the rest of us watching it. Cheers to the happy collector who proved to have a good eye for art investments or at least a lucky star.
Banksy’s “Love is in the Bin'' doesn't make it to top 10 most expensive artworks ever sold on auction, topped by $450.3 m paided by a Middle Eastern collector for presumably Leonardo Davinci’s masterpiece Salvator Mundi (there are many disagreements among scholar) in 2017. It pales even in comparison with the highest transaction of the year, the NFT artwork by Beeple sold for $69.3 m at Christie’s. What makes the sale a “historical” event is the fact that its value has appreciated 18 times over the course of three years.
According to the Art Basel and UBS annual report, the art market shrank by 22% in 2020, down from $64.4 billion in sales in 2019 to $50.1 billion last year. Nevertheless, with the in-person events resuming in most Western countries, a fresh breath of air is infused by new capital. In a global economy defined by high volatility and facing inflation, the Banksy sale indicates an increasing interest in art as an investment-class asset, competing with stocks, real estate, digital currencies and precious metals.

Photo credits: Wikipedia
The Story of a Girl with a Balloon
Formerly known as “Girl with a Balloon” (allegedly created in 2016) now renamed “Love is in the Bin” (2018) became one of the most iconic artworks arguably of the begging of the 21st century after an unexpected but carefully planned intervention took place as the final hammer fell in the Contemporary Art Evening Auction at Sotheby’s in 2018. Just minutes after the proud collector, a mysterious German national, began sipping her victorious champagne, the alarm went off and the artwork went through the shredder concealed within the heavy frame. Under the horrified eyes of the audience, the stenciled canvas remained hanging half-way through.
As with any other part of our contemporary, sometimes twisted, society, “any publicity is good publicity”. The event gained a lot of attention and debates on how it should be interpreted - Is this a painting? Is it an installation? Is it a performance? or is it 1m worth of trash. The anonymous buyer commented: “When the hammer came down last week and the work was shredded, I was at first shocked, but gradually I began to realise that I would end up with my own piece of art history”. Sotheby's representatives added "it’s the first artwork in history to have been created live during an auction."
What was initially planned as a Banksy trademark anti-establishment statement, that would have Marcel Duchamp laugh out loud, ended as one of the most desired artworks among the rich and powerful collectors. Banksy, apparently surprised by the partial failure of his stunt, was the first to play the game and grant a certificate of authenticity through his authentication body, Pest Control, and gave it a new title “Love is in the Bin”. The artpiece has been on permanent loan to the Staatsgalerie Stuttgart Museum in Germany since March 2019 until the recent resale.
The artwork depicting a young girl reaching out for a heart-shaped balloon was initially stenciled on a wall in London’s West Bank in 2002. Due to its popularity it has been reproduced many times since. What makes this graffiti so eye-catching is the universality of its message and the simplicity of its visual language - the black and white silhouette of a child and the red heart-shaped balloon. It could be interpreted as a loss of innocence or the opposite, as a proof of hope. Both interpretations are valid, the duality evokes the viewer’s multiple views on hope.
Who is Banksy?
We simply don’t know. Despite his popularity, he managed to conceal his identity. From an outlaw kid spraying the walls of Bristol in the 90s, he has become one of the most followed contemporary artists. He is now part of the street-art hall of fame together with Keith Haring and Jean Michel Basquiat.
Banksy’s superstar status was first acknowledged by Time magazine in 2010. The graffiti artist, painter, sculpture, activist, filmmaker and provocateur made it to the world’s 100 most influential people list of that year, in the select company of Barack Obama, Steve Jobs and Lady Gaga.
After experimenting with different graffiti styles which almost got him arrested, he realised that he had to reduce in half the time to complete his art. Interested in the political and social nature of street art, he soon understood that the simplicity of a stencil would be the perfect medium to spread his message. At around the same time he came up with the signature tag Banksy.
His interventions popped up on walls in different cities around the world, from London to Los Angeles and Israel, where he painted a series of images on the West Bank’s concrete wall, part of the barrier built to keep away the suicide bombers. Through his characters, rats, apes, childrens, kissing police officers and hooligans throwing flowers, he is propagating a message of peace, freedom and hope but also a protest against excessive authority.
Next, he took on the art institutions with his prankster performance art. There, he installed his own artworks side by side masterpieces. An image of the Mona Lisa plastered with a smiley-face sticker was placed in the Louvre and in New York he attached to a wall in the Metropolitan Museum of Art a small portrait of a woman wearing a gas mask.
In 2010 he produced a movie giving some insights into the creation of street art and called it Exit Through The Gift Shop. It brought him an Oscar nomination in the Best Documentary category.

Photo credits: Wikipedia
His guerrilla art events constantly gather huge crowds and controversy. His LA show “Barely Legal”, from September 2006, had as the main exhibit a live elephant, the message: “There’s an elephant in the room...20 billion people live below the poverty line.”
Banksy’s other major project, Dismaland, a “fun” park located in the British seaside resort Somerset and open to the public for five weeks in the summer of 2015 was a pop-up art exhibition in the form of an apocalyptic theme park. The Disney-like dystopian park was a group exhibition featuring 58 artists and intended as an anti-consumerism statement.
Hiding behind his mysterious identity, and through humor and straight-forward social and political statements, Banksy managed to build a very powerful character. An artist who, despite his popularity, remains in control of his narratives. With the recent art market record, which will surely fire new debates, his place in the history of art of this century has been cemented.
Check more graffiti and street inspired art in our curated collection.

Art 1: Jumping Jill Flash, 2021, mixed media on canvas, DB de Waterman
Art 2: Bump in the Road, 2021, acrylic and spray paint on canvas, Tim Fawcett
References
1. Adam, G. Banksy world record as shredded work sells to Asian collector for £18.6m at Sotheby's, The Art Newspaper;
2. Badshah, N. Banksy sets auction record with £18.5m sale of shredded painting, The Guardian;
3. Ellsworth-Jones, W. The Story Behind Banksy, Smithsonian Magazine;
4. Harris, G. Banksy’s £1m self-destructing painting goes back to auction—and could sell for six times the price, The Art Newspaper;
5. Jobson, C. Welcome to Dismaland: A First Look at Banksy’s New Art Exhibition Housed Inside a Dystopian Theme Park, COLOSSAL;
6. Dr. McAndrew, C. Global Art MArket Report, Art Basel x UBS;
7. Solimano A. The Art Market at Times of Economic Turbulence and High Inequality, International Center for Globalization and Development;
8. Banksy's Love is in the Bin sells for record £16m, BBC.
Author: Floarea Baenziger
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NFTs Come to Instagram
After many months of anticipation, Instagram’s CEO Adam Mosseri revealed a new Instagram update that will integrate sharing of NFTs into its platform. Users, collectors and creators will be able to view, share and engage with the NFTs on their feed, stories, and in messages. This will be a great way to display the digital assets they own on their profiles and view the tokens of their favoured artists, politicians or other friends they follow. Clicking on the tag will display the name of the creator and owner. The company is starting small with selected key athletes, models, and other influencers in order to test waters before building further on it. They want to learn from the community in the process and make Web3 technology accessible to a broader audience. An eventual full rollout will be available as Instagram expands this feature across the rest of their property including Facebook and their popular virtual reality Oculus programs. Adam Mosseri made a video explaining the entire NFT integration saying “I want to acknowledge upfront that NFTs and blockchain technologies and Web3 more broadly are all about distributing trust, distributing power.” Mosseri also emphasised that support for NFTs on Instagram could help introduce the technology to a much broader range of people. In January this year, Twitter introduced NFTs on the platform as hexagon-shaped profile pictures. An icon in the corner of Instagram posts of NFTs also appears as a hexagon. The complete video be viewed here: https://twitter.com/mosseri/status/1523655590672695296 Artists will be able to connect their digital wallets to their profiles and instantly keep their followers involved with any work that has been done as well as sell to their fans. The company is acquiring and aggregating public data from open blockchains such as Ethereum and Polygon, which helps to highlight who owns what. The Solana and Flow blockchains will be integrated next. Creators can link digital wallets such as MetaMask, Rainbow, and Trust Wallet, and will soon be able to connect their Coinbase Wallet, Dapper, and Phantom. Instagram’s integration of non-fungible tokens could lead to mainstream adoption of NFTs and support creators’ ability to make a living.

Famous Black and White Artworks
We’ve talked about the power of black and white photography in a previous article, now it is time to dive into great black and white artworks made without a camera. The following artists have created masterpieces using only two colors. We see in their work a heightened sense of composition and the ability to communicate just as much (if not more) with a limited palette. M.C. Escher Ascending and Descending (1960) by M.C. Escher Copyright M.C. Escher The Black & White artwork of M.C. Escher continues to delight us today, teasing our minds with fascinating, mathematically inspired pieces. His work playfully explores themes like tessellation, impossible objects, and the concept of infinity. Surprisingly, Escher wasn’t a mathematician by training. Instead, he absorbed the ideas as an artist, giving them life in the studio through an artistic, rather than a mathematical, process. His most popular works (like Hand with Reflecting Sphere [1935], Drawing Hands [1948], and Tower of Babel [1928] to name only a few) have gone on to be published extensively, making his work some of the most seen and beloved in our time. Kazimir Malevich, Black Square (1915) Black Square (1915) by Kazimir Malevich Malevich lived on the bleeding edge of the art world, both as an artist and critic. When he completed Black Square in 1915, he dragged the art world out into the avant garde with him. This achievement is simply a white background with a black square painted on it, a devastatingly simple composition. Hailed (and hated) at the time for bringing art back to the “zero point of painting,” it continues to be controversial to this day. Pablo Picasso, Guernica (1937) Guernica (1937) by Pablo Picasso Copyright Pablo Picasso Picasso’s massive masterpiece Guernica was painted to lament and commemorate the bombing of the eponymous city on April 26, 1937. It was during the Spanish Civil War, and the Basque town was bombed by both German Nazi and Italian Fascist forces to support the fascistcause there. To express the depths of sadness, Picasso eliminated color — a bold choice. But taking away color did not take away any of the painting’s power, in fact, the black & white artworks highlighted the severity of destruction and the despair of the event. Bridget Riley and Op Art Movement in Squares (1961) by Bridget Riley Copyright Bridget Riley Bridget Riley is one of the most accomplished names in Op Art — a style that creates visual art using optical illusions. While Riley has plenty of color work, her most popular pieces are often in black and white (like Movement in Squares [1961], pictured above). When you see these monochromatic patterns, the eye often is tricked into visualizing movement and even color. Robert Longo Longo has had a long and productive career in many mediums, but his black and white drawings — often working off of photographs — have made up his most important output. He reached prominence through his Men in the Cities series, depicting men and women in business attire caught in contorted poses. One cannot decide if these people are lost in a dance, being shot, or suffering convulsions. By sticking with black and white, the images have the sense of being objective, clinical. The series has gone on to be recognized as one of the most important of a generation. READ: How Artists use colors in their work. Jackson Pollock There might be no bigger name in abstract art than Jackson Pollock. His kinetic process of flinging paint onto canvases has ignited the delight and imagination of millions of art lovers. While he often used color, many of his compositions were purely in black and white (like the aptly named Black and White (Number 6) [1951]). These show all the forceful energy of his work, which is his calling card, while peeling away color. Franz Kline Painting Number 2 (1954) by Franz Kline Copyright Franz Kline One of the luminaries of mid-century abstract expressionism, Kline grew to popularity with only two colors: black and white. His striking compositions are now famous, with his style becoming iconic, even beyond the name of the painter himself. The story goes that Kline landed on his style because of some friendly advice from fellow artist Willem de Kooning, who told him to break a creative lull by drawing on his studio wall using a projector. That led Kline to pursue large, abstract art. Victor Vasarely Like Bridget Riley on this list, Victor Vasarely was a pioneer in the Op Art movement. And like RIley, his work often only uses black and white to achieve its effects. In pieces like Supernovae (1961), he is able to create dimensionality and movement without color, relying on small adjustments to a repeating grid to produce optical illusions in the human eye. Black and White Wall Art When we think of black and white, we almost always think in terms of fine art photography. But this list, far from complete, shows just how much other visual artists have been able to accomplish when they bring things back to these two fundamental forces of light and dark. Discover our curated collection of Black & White Artworks today.
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ART MARKET
Art Redefined: The Digital Era with Olyvia Kwok-Decani
In a rapidly changing world, the art industry has been profoundly impacted by the digital age and the emergence of millennials as a driving force in shaping its landscape. Olyvia Kwok-Decani, an esteemed expert in the field, provides valuable insights into the pivotal role millennials play in the evolution of art, particularly their influence on art consumption, creation, and the integration of technology. New era in the art market: As we delve into 2023, a significant shift has occurred, with millennials surpassing previous generations in art spending, marking a new era in the art market. The Art Basel-UBS report highlights this trend, revealing that millennials have exceeded boomers in their investment in artwork, leading to a notable increase in sales. Olyvia emphasizes this shift, stating, "Millennials spend four times as much as boomers and double the spending of Gen X." The digital age This has had a transformative shift. Growing up immersed in technology, millennials have wholeheartedly embraced digital art and non-fungible tokens (NFTs) with great enthusiasm. Digital platforms have become fundamental for showcasing and acquiring artwork, fostering a strong sense of community among artists and art enthusiasts alike. Recognizing the significance of these platforms, Olyvia emphasizes, "Social media has emerged as a powerful marketing tool for artists and galleries to engage with the millennial audience, who predominantly consume art digitally." Influence of millennials Artists are adapting their practices to cater to this tech-savvy generation. The integration of digital tools and experiences has become paramount, enabling artists to provide immersive and interactive encounters for their audience. The boundaries between technology and art have blurred, giving rise to innovative forms of expression and exploration. Olyvia notes “that this shift has opened up new avenues for artists to connect with a broader audience and forge stronger bonds within the art community.” Art consumption: Millennials' interest in art extends beyond mere consumption; they are actively leaving their mark as artists. A wave of talented millennial artists has emerged, bringing forth fresh perspectives and themes that captivate the contemporary art scene. Notable names such as Sadie Burnette, Sam Falls, and Lu Yang have garnered recognition for their distinctive approaches, leaving a lasting impact. Millennials prioritize experiences and emotional connections when engaging with art, seeking works that provoke thought and challenge traditional norms. Consequently, politically themed artwork has experienced a surge, as artists utilize their craft to voice opinions and address pressing social issues. Digital engagement Millennials' impact on the art world transcends aesthetics and digital engagement. Olyvia underscores the fact that millennials view art as “enjoyable assets and increasingly consider it a viable financial investment”. Art has become a popular avenue for wealth accumulation among this generation, offering an alternative to conventional investment options. Motivated by financial gains and a desire to support artists, millennials have fuelled the growth of the art market, actively participating in and contributing to the art ecosystem. In conclusion The advent of the digital era has brought about a transformative shift in the art world, with millennials leading the charge. Their profound affinity for technology, quest for meaningful experiences, and financial motivations have redefined the art landscape. From embracing digital platforms to spearheading the creation of immersive art experiences, millennials are reshaping the future of art consumption and creation. As Olyvia Kwok-Decani aptly summarizes, "The millennial influence can be seen in the way art consumption has moved to digital platforms and the innovative approaches artists are taking to engage their audience." With millennials at the forefront, the art world continues to evolve along an exciting trajectory. About The Author Olyvia Kwok Decani Olyvia Kwok Decani has been collecting and investing in art for over 15 years. After graduating from Queen Mary’s University in 2002 with a degree in BSc Statistics, Olyvia opened her first gallery in St. James’s London. With years of experience, alongside in-depth knowledge of the market and an extensive global network, Olyvia continues to be one of the most prestigious and successful individuals in the industry.

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The Benefits of Buying Original Artwork Online
Are you looking to add some original artwork to your home or office? Buying art online can be a convenient and rewarding experience, allowing you to browse a wide selection of unique pieces from independent artists worldwide. Plus, you'll be supporting the arts community and investing in one-of-a-kind pieces that can add beauty and personality to any space. The online art market has been growing rapidly in recent years. In 2020, online art sales reached $12.4 billion, up from $6.7 billion in 2017. This growth is being driven by several factors, including: The increasing popularity of online shopping. The growing number of art collectors who are comfortable buying art online. The increasing availability of high-quality art online. The convenience of buying art online. We explore further some of the benefits of buying art online and why anyone should consider purchasing art online to expand their Artwork collection. Access to a broader selection of artwork. One of the most significant advantages of buying original artwork online is access to more pieces. Unlike traditional brick-and-mortar galleries, online art marketplaces can feature thousands of works from artists worldwide. You can browse styles, mediums, and price points to find the perfect piece for your space and budget. Many online platforms offer search filters and personalised recommendations to discover new artists and styles. Convenience and ease of shopping. Buying original artwork online offers unparalleled convenience and ease of shopping. You can browse and purchase artwork from the comfort of your home without travelling to a physical gallery or attending an art fair. This is especially beneficial for those with busy schedules or limited mobility. Additionally, online art marketplaces and online galleries often provide detailed information about each piece, including its size, medium, and artist biography, making an informed purchase decision easier. Many platforms offer secure payment options and hassle-free shipping, ensuring a smooth and stress-free buying experience. Direct support for independent artists. One of the most significant benefits of buying original artwork online is its direct support for independent artists. By purchasing artwork directly from the artist or through online marketplaces that support independent creators, you are helping to sustain their livelihood and support their creative endeavours. Emerging artists may have a different level of exposure or financial support than more established artists. Buying original artwork online is a convenient and meaningful way to support the arts community. Ability to discover new and emerging artists. Buying original artwork online allows you to discover new and emerging artists from all over the world. Online marketplaces and artist websites often feature a wide range of styles and mediums, allowing you to explore and find unique pieces you may not have otherwise discovered. Plus, you can snag a great deal on a piece before the artist becomes more well-known and their prices increase. This can be a great way to add variety to your art collection and support up-and-coming artists who are just starting to make a name for themselves in the art world. Some platforms allow you to follow the Artists to know about their next significant event or when they complete the next Artwork to be the first to know and acquire their latest works. Customisable options for framing and display. One of the benefits of buying original artwork online is the customisable options for framing and display. Many online marketplaces and artist websites offer various framing options, allowing you to choose the perfect frame to complement your new piece. Some websites even provide virtual tools to see how the artwork will look in your space before you purchase. This can help you make an informed decision about the size and placement of the piece in your home or office. The ability to customise your new artwork's framing and display options can help you create a truly unique and personalised addition to your collection. Technology is adding to the Art Buying Experience. With increasing technological advancement, buying Art Online through Online Galleries and Marketplaces is becoming more experiential. Use Augmented Reality to project the Artwork in your own space, Artificial Intelligence-based Art recommendations, and Image recognition tools to combine similar works or styles to explore and make your choices. Explore the works, mark your favourites, visualise in your settings and then decide to buy an artwork that suits your interest best. As a closing remark, it is safe to say that Buying Art Online will see more significant growth in coming years to support the democratisation of the Art Market and expand the reach for Artists through Online Galleries and Marketplaces to a newer audience across the globe. RtistiQ is one of the leading online marketplaces for Art, which has adopted new technologies such as Augmented Reality, 3D Spaces, Blockchain and NFC technologies not just to increase the virtual experience of Art Lovers but also to safeguard their investments through digital certification of the works to ensure genuine Authenticity.

ART MARKET
SINGAPORE AND ITS BOOMING ART SCENE
Over the recent years, the growing art scene in Singapore has gathered much attention across the globe. Singapore has bloomed from just being an important financial hub to also a center of art and culture. For anyone looking to explore this booming art scene in Singapore, the various art museums and galleries in the island is just the right place to visit. The Singapore Art Museum (SAM) Location - 39 Keppel Rd, #01-02 Tanjong Pagar Distripark, Singapore 089065 (Heritage buildings at Bras Basah Road and Queen Street closed for redevelopment) Entirely dedicated to contemporary art, the Singapore Art Museum holds an exquisite collection of artistic works by some of the best local southeast and East Asian artists. While creating a lively art experience for all, it has also organized a variety of exciting art events such as the Singapore Biennale and the Singapore Art Week which also included live art performances, art tours, workshops, etc. It has opened up multiple venues for exhibiting art. Apart from the two heritage buildings, the former St. Joseph’s Institution and the former Catholic Street, the most recent addition is the one in Tanjong Pagar Distripark. The National Gallery Singapore Location – 1 St Andrew's Rd, Singapore 178957 The largest museum of Singaporean and Southeast Asian modern Art, it is sheltered in the two iconic Singapore buildings – the Supreme court building and the City hall. These two monuments are itself great works of art built during the colonial times in Singapore. Today, it is home to some of the best collection of modern Singapore and southeast Asian art including the works of prominent local artists like Georgette Chen, Che Chong Swee and Liu Kang as well as by leading artists from both southeast Asia and the rest of the globe such as Raden Saleh from Indonesia and Latiff Mohidin from Malaysia. The exhibitions in many ways expresses the essence of Singaporean art and heritage. There is also the Keppel Centre for Art Education here which is Singapore’s first foremost art education center that fosters an environment of learning and exploration for youths, children and families. The Art House Location – 1 Old Parliament Ln, Singapore 179429 The art house was first established as the Old Parliament House Limited but it was later was renamed as the Arts House Limited on 19 March 2014. It strives to build up a rich community life by connecting through the diverse artistic productions in Singapore. It hosts art activities and exhibitions on a regular basis facilitating interactions among artists and lovers of art. Gillman Barracks Location – 9 Lock Rd, Singapore 108937 While Gillman Barracks today constitutes a space dedicated to creative art, originally, it was a building constructed in 1936 as army barracks for the British’s 1st Battalion. It was named after General Sir Webb Gillman. In 2012, it was transformed into a space for housing some of the leading art galleries while retaining the main colonial architectural designs. This includes the ShanghART Singapore and Sundaram Tagore Gallery. Today, it exhibits a wide array of top contemporary art from different parts of the globe. Within the same structure is the NTU Centre for Contemporary Art (CCA) Singapore which is a research center that encourages experimentation with contemporary art. Goodman Arts Centre Location – 90 Goodman Rd, Singapore 439053 Established in 2011, the Goodman Arts Centre aims to build a lively space for art lovers to interact and experience different art forms such as fine art, dance, theatre and poetry. It is known for organizing some of the most thought provoking and exciting workshops and performances that reaches out to a diverse audience. Ranging from ceramic arts to cultural dance, there is something for everyone in Goodman Arts Centre. Collectors Contemporary Location – Petro Centre, 5 Jalan Kilang Barat, Singapore Collectors Contemporary brings to the fore innovative artistic productions from across the globe in a single platform; also providing an opportunity for art lovers to own some of these contemporary art works. Its selection of exhibits encompasses extraordinary modern and contemporary artwork of high quality. Famous for housing the largest collection of artworks by the famous icon, Andy Warhol, it also regularly arranges educational events and programs for art students with professional artists thereby creating a space of learning. NUS Museum Location – University Cultural Centre, Singapore Unlike other art museums, the NUS museum is actually a university museum set up to encourage cultural artistic life within the university. To enrich the learning experience, it organizes exhibitions, workshops, film screenings and public programs which is carefully curated. It consists of nine galleries which are mostly focused on presenting Southeast Asian art and culture. This includes four permanent collections – the south and Southeast Asian Collection, the Lee Kong Chian Collection, the Ng Eng Teng Collection and the Straits Chinese Collection. The Parkview Museum Location - L3, Parkview Square 600 North Bridge Road, Singapore The main highlight of the Parkview Museum established by the Parkview Group is Italian contemporary art and is famous for holding the largest Salvador Dali collection outside Spain. It however also figures as an important space that encourages the growth of the local art scene. This organizes solo shows and theme-based exhibitions mostly focused on architectural design and traditional art and culture.