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Are Modern Mongolian Artworks Investment-Worthy?

By Mei Anne Foo
26 Jun 2018
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Shagdarjavin Chimeddorj — In a dark room on the second and highest floor of TAF Gallery sits 10 framed art pieces by renowned Mongolian artist Chimeddorj. The “Horse series”, as Chan affectionally calls it, is the sole effort of Argun Boldkhet, who begged Chimeddorj for the latter’s ink-on-paper works to be showed at the Singapore gallery. And though the Mongolian Ambassador to Singapore enjoys the variety of art at TAF Gallery, His Excellency Mr George Lkhagvadorj Tumur has a particular interest in Chimeddorj’s works. “I am always impressed with Chimiddorj’s art works as they have masterful strokes of this artist to express Mongolian lifestyle with modern touches.”
Erschuu Otgonbayar — Better known as Otgo, this 38-year-old artistic genius grew up on the outskirts of Ulaanbataar and now calls Berlin home. According to Chan, this guy knows brand value and how to position himself. His signature is simple: The OTGO logo and his thumb print hidden within the expressive acrylic paintings. Here, overlapping herds of horses gallop across blue steppes into an op-art swirl. Mark Foo comments, “I wonder what goes on in his mind, to do everything by hand, and have the patience to do it too.”
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Shagdarjavin Chimeddorj — In a dark room on the second and highest floor of TAF Gallery sits 10 framed art pieces by renowned Mongolian artist Chimeddorj. The “Horse series”, as Chan affectionally calls it, is the sole effort of Argun Boldkhet, who begged Chimeddorj for the latter’s ink-on-paper works to be showed at the Singapore gallery. And though the Mongolian Ambassador to Singapore enjoys the variety of art at TAF Gallery, His Excellency Mr George Lkhagvadorj Tumur has a particular interest in Chimeddorj’s works. “I am always impressed with Chimiddorj’s art works as they have masterful strokes of this artist to express Mongolian lifestyle with modern touches.”

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Erschuu Otgonbayar — Better known as Otgo, this 38-year-old artistic genius grew up on the outskirts of Ulaanbataar and now calls Berlin home. According to Chan, this guy knows brand value and how to position himself. His signature is simple: The OTGO logo and his thumb print hidden within the expressive acrylic paintings. Here, overlapping herds of horses gallop across blue steppes into an op-art swirl. Mark Foo comments, “I wonder what goes on in his mind, to do everything by hand, and have the patience to do it too.”

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Prestige Online – Singapore
Pursuits
Are Modern Mongolian Artworks Investment-Worthy?
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Within the bare good bones of a 1920s conservation shophouse along Cairnhill Road sits an unexpected torrent of colours and textures. The Art Fund Gallery (TAF Gallery) currently holds the largest contemporary art collection by Mongolian artists outside of Mongolia. The space is the doing of three first-time gallerists — Singaporeans Dr Lanz Chan and Mark Foo, plus Argun Boldkhet from Mongolia.

Spread among the trio is a wealth of professional experience in finance, artificial intelligence, F&B, energy and the environment. “This space is actually our home office,” says Chan, a former fund manager. “We then decided to dress it up with art because we had plenty of white walls as well as a passion for the arts.” 

But instead of hanging just one or two paintings and calling it a day, the men decided to bring in a 100-piece-strong collection, consisting works from 10 artists, thus offering a platform for these creative names to showcase their work to the Singapore public. By appointment only, clients can view the natural world in manifold modern Mongolian artworks — picture iconographic horses, camels, the Gobi dessert, a summer’s meadow, and more.

SEE ALSO: Artist Dinh Q Lê captures Cambodia’s dark past

TAF Gallery
Tsendsuren Narangerel, Gobi Herds, oil on canvas, 65×120

Additionally, having come from the private banking sector, Chan continues to gravitate towards anything to do with investment. “At TAF Gallery, we’re focusing on investment-grade art. Many people in Singapore, including my mom, tend to buy print art, which could cost hundreds of dollars yet depreciates once it is sold. But if you buy an original piece, where each one is unique, it holds its value.”

Chan adds, “Art value is a combination of aesthetics, social, commercial and brand values. Fine art, including Mongolian fine art, possesses investment value over and above their base or fundamental value over time as the demand for fine art increases with the growing appreciation of fine art among a more sophisticated society globally. It is widely expected for fine art to produce returns of circa five percent on average per annum or to double every five to 10 years.”

SEE ALSO: Cryptocurrencies are disrupting the art market — for the better

TAF Gallery
Tsegmed Tserennadmid, After Rain, acrylic on canvas, 91×73

To start with, the artworks for sale at TAF Gallery are among the most reasonably priced for quality that we’ve seen. Chan says, “We price our art at relatively lower rates as compared to other local galleries because we have direct link to the artist. Also, this isn’t our primary business. We want to help the artists.”

SEE ALSO: The Parkview Museum offers great insights into Italian contemporary art

Here are three out of the 10 artists currently showcased at TAF Gallery worth keeping an eye on. Also, we reveal which artist is the personal favourite of Mongolian Ambassador to Singapore His Excellency Mr George Lkhagvadorj Tumur. Click on the images below:

ART Modern Art Mongolia Mongolian Artworks Mongolian artists Erschuu Otgonbayar Shagdarjavin Chimeddorj Sarantsatsrait Ser-od art gallery singapore TAF Gallery The Art Fund Gallery
Mei Anne Foo
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