Wooing The Art Trade In A Sagging Economy

“In a western suburb of Paris, on the ÃŽle Seguin, developers are planning a vast art center, combining art warehouse, showroom and tax-free trade zone. Half a world away, in Singapore, an even grander project aims to revolutionize art storage and trading. With the global art market suffering in the economic downturn, the projects, privately financed and state supported, seek to bolster art markets by combining traditional notions of storage, exhibition and tax-free trading.”