Tag: liquidation
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Art Works Collapse in Singapore: Wages Unpaid, Artworks Missing
Singapore Art Investment Firm Art Works Files for Liquidation The Singapore-based art investment firm Art Works has entered liquidation, triggering concerns over unpaid salaries and the fate of artworks promised to artists and investors. The firm, once active in curating and funding contemporary art projects, is now the subject of scrutiny as employees and external…
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Singapore Art Investment Firm Art Works Shuts Down: Wages Unpaid and Artworks Unreturned
Overview of the Collapse Singapore’s art investment scene has been jolted by the abrupt closure of Art Works, a local firm that was once positioned as a facilitator for artists and collectors looking to invest in contemporary art. The company has entered liquidation, leaving employees unpaid and artworks — valued by some artists at tens…
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Singapore Art Works Closure Leaves Staff Unpaid and Artists Without Their Art
Overview: A sudden exit by an art investment firm In a troubling development for the art community, the Singapore-based art investment firm Art Works has entered liquidation, leaving employees without wages and artists awaiting the return of their borrowed or consigned works. The sudden closure has disrupted financial plans for staff and disrupted the careers…