Art Works COO assures stakeholders after liquidation

Art Works COO assures stakeholders after liquidation


SINGAPORE – A co-owner of distressed art investment firm Art Works,

which went into liquidation abruptly on Oct 30

, has pledged commitment to ensure a proper winding up for the company and that former employees’ salaries will be a priority.

Mr Chris Hallewell, who is also the firm’s chief operations officer, said that he remains in Singapore and is working with its administrator Forvis Mazars to prepare for the creditors’ meeting later in November.

“I want to be clear about my position and commitment… My priority is ensuring that all stakeholders receive the information and support they need during this difficult time and that the company state of affairs is completed on time in full,” he said in a statement issued on Nov 10.

The other co-founders are also helping, he added.

The sudden closure of Art Works, which operated a fine art advisory and gallery at One Holland Village, left artists and staff unpaid, and clients questioning the fate of their art pieces.



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