WAAC opens the doors to affordable art investment in Singapore

Art investment just got more accessible with the launch of We Are Art Collectors (WAAC), Singapore’s pioneering fractional art ownership platform. Spearheaded by Low Sok Leng, founder of Artualize gallery, WAAC democratises art collection by enabling investors to purchase fractional shares of high-value artworks for as little as $1,000 per lot.

The platform debuts with curated oil paintings by second-generation Singaporean artists, including works by Koeh Sia Yong and Low Hai Hong. This approach not only ensures authenticity and artistic value but also supports the local art scene.

“Fractional art ownership appeals to young investors eager to join the vibrant art market without the high costs and specialised knowledge typically required,” said Low. She added that seasoned collectors also benefit from diversification and reduced risks compared to acquiring single pieces.

The mechanics are straightforward: Investors pay a one-time membership fee of $1,000 and purchase shares in paintings, which WAAC stores and maintains. Owners can trade their shares within the WAAC community or realise returns when the artwork is sold. This innovative model provides liquidity and flexibility rarely seen in traditional art investments.

Doug Peris, partner at Founders Bridge, praised WAAC as a “brilliant fusion of artistic appreciation and financial opportunity,” emphasising its potential to expand art ownership beyond high-net-worth individuals.

Highlighting the cultural significance, artist Koeh Sia Yong expressed excitement about his involvement, stating, “Fractional ownership is a game changer for Singapore’s art scene. Supporting local art preserves our unique story for future generations.”

WAAC’s launch coincides with a global surge in art investments, which outpaced other luxury assets in 2023 with an 11 per cent price increase, according to the Knight Frank Luxury Investment Index. By bridging investment opportunities with cultural preservation, WAAC aims to ignite greater interest in Singaporean art, enhancing the vibrancy of the local market.

Art enthusiasts can view the featured works at High Street Centre from January 10, 2025, and participate in introductory talks. For more details, visit WAAC’s website.