Singapore art investment firm’s abrupt closure leaves wages unpaid, artworks unreturned; police report lodged

The group of Art Works employees expressed regret for the fallout.

“We are deeply sorry for the disruption and anxiety the liquidation has caused,” said the group.

“Decisions about the company’s finances and governance were the responsibility of the directors, and we expect their full cooperation with the provisional liquidators in the interests of clients, artists, employees and other creditors.”

Despite the possible financial blow, the artists who spoke to CNA said they still appreciated the opportunities they had working with Art Works.

Ms Kettle said she is “genuinely grateful” for the years she spent collaborating with the gallery.

“While this ending has been unexpected, I’m choosing to focus on what it has taught me and the new opportunities ahead,” she said.

Echoing her sentiments, Mr Zhang said he understands that financial difficulties can arise in the industry.

“I like to imagine everyone has their struggles, and there will be some due process for everything to be resolved at the end of the day,” he said.

CNA has contacted Art Works’ chief operations officer Chris Hallewell and global fine art director Cassi Young. Both did not respond to messages or calls.

It has also reached out to Forvis Mazars, but were told they were “unable to comment on specific client matters”.