Chong Huai Seng is one of Singapore’s most respected collectors. He and his daughter Ning Chong, a first mover in art investment advisory, speak with LUX Leaders and Philanthropists Editor Samantha Welsh about the future of art as an investment of passion
When international banker Chong Huai Seng started buying art in the 1980s, he could not have imagined growing a collection that would catalyse a forum for South East Asia’s prominent collectors, artists and experts; nor that in co-founding a gallery The Culture Story with his daughter, Ning Chong, she herself would see a gap for a specialist art investment advisory and would go on to found the Family Office for Art (FOfA). Father and daughter share their approach and insights into dealing with passion assets such as art When did your collecting journey start"
Mr Huai Seng Chong: My collecting journey started in the mid 80?s when I was a stock broker and I used to travel to London frequently for business trips. I loved traipsing around Mayfair, dipping in and out of galleries. I started buying British sculpture and Russian paintings, very unusual because most people start buying art from their own country. I was merely responding to what I like, my daughter likes to call it ?retail therapy? at a time before the internet, and all you had, was to trust your instinct and sensibilities.
Nina Chong: About seven years ago, I introduced some governance to my father?s art collection, cataloguing and art collection ...