Indonesia’s Masriadi Leads Singapore Art Rebound as Prices Soar - Bloomberg.com

Indonesia’s Masriadi Leads Singapore Art Rebound as Prices Soar - Bloomberg.com: "Oct. 13 (Bloomberg) -- A weekend of sales in Singapore showed that demand for Indonesian contemporary art has rebounded, with prices for some better-known artists such as I Nyoman Masriadi returning to pre-slump levels. Borobudur Auction Pte’s Oct. 11 auction tallied S$9.6 million ($6.9 million), compared with the company’s presale estimate of about S$8 million. Masriadi’s 2008 painting “Book Lover” sold for S$588,000, against a top estimate of S$200,000."

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