We Are Art Collectors (WAAC) has unveiled Singapore’s inaugural fractional art ownership platform, allowing individuals to invest in local art starting at S$1,000 per lot. Founded by Low Sok Leng, the platform aims to democratise art investment by enabling multiple investors to own shares in high-value artworks by Singaporean artists.
WAAC’s innovative model divides the value of an artwork into smaller, tradable lots, making art investment more accessible. The initial launch features works by second-generation Singapore artists, including oil paintings by Low Hai Hong and Koeh Sia Yong. These artworks are curated for authenticity and potential value appreciation, ensuring quality for investors.
Art is increasingly seen as a viable alternative investment in Singapore. A 2023 survey revealed that 58% of respondents preferred art as their “investment of passion,” surpassing watches and wine. Globally, art purchases by millennials and Gen Z clients surged by 147% last year, according to the Knight Frank Luxury Investment Index.
Low Sok Leng, WAAC’s CEO, highlighted the appeal of fractional art ownership to young investors: “Each lot is priced affordably, and the artworks are curated by experts. This makes art investment much more accessible.” She also noted that experienced collectors could diversify their portfolios by investing in multiple artworks.
Doug Peris, Partner at Founders Bridge, praised the platform’s approach: “WAAC isn’t just an investment vehicle – it’s a way for art enthusiasts to access a market once limited to high-net-worth collectors.”
The artworks are available for viewing at High Street Centre, with six pieces offered for fractional ownership. Interested investors must become WAAC members, paying a one-time fee of S$1,000, and can trade their shares within the platform, providing flexibility and liquidity.
