2022.9.20
Warehouse TERRADA Opens BONDED GALLERY for Artworks in Tennoz, Tokyo
Warehouse TERRADA announced today that we have opened a new BONDED GALLERY venue in the Tennoz area of Tokyo from September 20th, 2022. It is on the site of a bonded warehouse* accredited on April 12, 2022. The aim of the gallery and its neighboring BONDED LOUNGE (a bonded warehouse) is to drive the growth of Tennoz as a vibrant domestic and international art hub while in turn contributing to the vitalization of the Japanese art market. From September 21st (Wed) to September 23rd (Fri), 2022, the gallery will be used for an art auction preview run by New Art Est-Ouest Auctions Co., Ltd, prior to the auction on September 24th (Sat), 2022.
[Promoting International Art Distribution Through Two Bonded Areas]
BONDED GALLERY is a permanent bonded gallery venue where art collections from overseas can be exhibited, viewed, and stored under bonded conditions, and features an environment specialized for the handling of art. In conjunction with our event spaces and the bonded warehouse in BONDED LOUNGE, located at our head office building and has been in operation since 2014, we commenced a full-scale operation for artwork viewing and storage service, utilizing our bonded facilities.
The bonding system allows art to be transported from the owner’s country of residence for the purpose of viewings and acquisition under bonded conditions. BONDED GALLERY and BONDED LOUNGE will play an important role in further revitalizing the Japanese art market by enabling viewings and purchase discussions of art pieces transported to Japan from overseas without them being subject to customs duties and other payments. These two bonded areas will allow foreign art to flow into the Japanese market, promote the purchase of art from domestic and foreign art collectors in Japan, and draw international galleries to Japan’s shores.
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– BONDED GALLERY Details
The facility is a permanent venue within a larger art complex which houses Japan’s leading art galleries. It is a venue for domestic and overseas galleries to showcase their collection and conduct purchase discussions.
Location: TERRADA ART COMPLEX II 4F, 1-32-8 Higashi-Shinagawa, Shinagawa-ku, Tokyo 140-0002
Facilities: Gallery space (132.71 m2), warehouse (12.38 m2)
Specifications: 3.5 m ceiling height, temperature and humidity control, total camera surveillance inside the bonded area for transporting artworks (in accordance with 42-17 of the Basic Notice of the Customs Law), a large elevator, etc.
– BONDED LOUNGE Details
It is a bonded warehouse offering a dedicated area for importing and exporting artworks to and from Japan, as well as providing a venue for viewing and acquiring art.
With a floor space of 84.2 m2 and a ceiling height of 3.5 m, it is suitable for housing large paintings and sculptures. The lounge is available for both private and general viewings and acquisitions.
Location: Warehouse TERRADA G Building, 2-6-10 Higashi-Shinagawa, Shinagawa-ku, Tokyo 140-0002
Facilities: Bonded warehouse (84.2 m2), bonded lounge area (47.5 m2), general area lounge (52.3 m2)
Specifications: 3.5 m ceiling height, temperature and humidity control, a large elevator, gas fire extinguishers, various security measures (surveillance cameras, motion detectors, card keys, etc.)
[Seamless Art Storage After Import]
Our bonded areas are located in the Tennoz area of Tokyo, a hub of art-related facilities with convenient transportation links from downtown Tokyo and Haneda Airport, making it easily accessible for art collectors both in Japan and from overseas. Our head office building also offers a high-security storage warehouse for artworks and other valuable items, with flexible temperature and humidity control for items that need it. You can also transport art from overseas, host purchase discussions in our bonded lounge, and deposit items in our storage warehouse after import procedures are complete. Our group company TERRADA ART ASSIST Co., Ltd. also provides a one-stop solution for your art-related needs, including transportation within Japan and overseas, exhibits, conservation and insurance.
[BONDED GALLERY Uses: Art Auction Previews]
It will be used for an art auction preview run by New Art Est-Ouest Auctions Co., Ltd. A total of 154 lots will be exhibited, featuring in-demand works from world-renowned domestic and international artists including Yayoi Kusama, Lee Ufan, Yoshitomo Nara, Ayako Rokkaku, Shinro Ohtake, Aya Takano, Maki Hosokawa, Yoshimasa Tsuchiya, Chiharu Shiota, KAWS, KYNE, Yusuke Hanai, Andy Warhol, Pablo Picasso and Tsuguharu Foujita.
Dates: Preview from September 21st (Wed) to September 23rd (Fri), 2022 / Auction on September 24th (Sat), 2022
Venue: BONDED GALLERY and E HALL
Organizer: New Art Est-Ouest Auctions Co., Ltd (The company founded in 1984, and actively runs auctions in Tokyo, Hong Kong and Singapore.)
*Bonded warehouse: A customs area authorized by the Director-General of Customs as a place for foreign cargo to be stored, as per Article 42 of the Customs Act. While there, it can be loaded, unloaded, transported, and stored without being subject to customs duties, etc.