Signaling its interest in Singapore’s young, rich, and quickly expanding collector base, international auction house Sotheby’s on August 28 will hold its first sale in the tiny Southeast Asian city state in a decade and a half. Citing demand that has increased “exponentially,” Sotheby’s in a press release revealed that the auction would concentrate on contemporary and modern art from both Southeast Asian and international artists, reflective of the current tastes in a region populated by expats and financiers. The Global Financial Centres Index ranks Singapore as the world’s sixth-...