JWD InfoLogistics Public Company Limited (JWD) inaugurated new “Art Space” business in downtown area of Bangkok to provide Thailand’s first integrated one-stop logistics services for artworks. The first facility is located on the 3rd floor of JWD Store It! Siam Branch. Art Space’s selling point is the 24-hour temperature and humidity control storage area and the logistical service by a team of professional movers with over 10 years of experience. Also included are insurance coverages and the development of mobile application to provide customers and interested public with a communication channel with updates on information related to arts. Annual revenue is targeted to be 10-15 million baht.
Mr. Charvanin Bunditkitsada, Chairman of the Executive Committee and Chief Executive Officer (CEO) of JWD InfoLogistics Public Company Limited (JWD), an ASEAN top logistics and supply chain solution, revealed that the Company has launched “JWD Art Space” as a new business managed by JWD Art Space Company Limited, which is 99.99-percent owned by JWD InfoLogistics Plc. The new business opens a new dimension of integrated one-stop logistics services for artworks for the first time in Thailand to fulfill the needs, and solve various pain points, for art and sculpture collectors who are the first target group of customers. This will help the Company to increase the proportion of B2C (business-to-consumer) customer base.
JWD Art Space is located on the 3rd floor of the Siam branch of JWD Store It! Building in Bangkok with a serviceable floor space of 365 square meters with provision to store up to 1,000 artworks. The selling point of the service is its complete coverage of every logistical aspect of artwork storage such as the transportation of artworks by a team of professionals from JVK Movers who have more than 10 years’ experience in this business, insurance coverages for customers’ properties, storage of the artworks in a 24-hour temperature and humidity controlled area, highest security standard, exhibition space, and the possibility to serve as a gathering place for artists and art collectors.
“We first launched the services at JWD Store It! Siam Branch by starting out as a service provider for personal storage space for the past year, and saw the business opportunity to provide integrated one-stop logistical services for artworks as a solution to solve the pain points of art collectors who needed the proper space to store their valuable collections in the most ideal condition, plus data collection service to record details of artworks as well as providing storage spaces suitable to maintain the artworks in mint condition, and also the artwork moving service of the highest standard. Therefore, we are presently the “first mover” or the first service provider to open Art Space as Thailand’s first ultimate center for the storage of artworks, consultation services, and one-stop service in relation to contemporary artworks. We hope that our facility will soon become a regional art center that will bring together the contemporary art networkers both within the country and the region. And as this facility is located in the heart of the commercial district with convenient access, we are quite confident that this new line of business will be a success,” Mr. Charvanin said.
The Chairman of the Executive Committee and CEO of JWD further said that the Company has also developed a mobile application called “JWD Art Space” as a communication tool for customers and any interested parties to access the services by using this application to book artwork transport, update the customers’ artwork storage status, information on art exhibitions that are to be held both locally and abroad.
The Company expects the Art Space business to revenue from the transport services, storage and other services in connection with artworks to the tune of about 10-15 million baht annually. After its official launch on November 26, 2019, the facility has attracted a lot of interest with a large crowd of art collectors and artists who attended the opening ceremony expressing their interests to use the service.
“During the period of three years from now, JWD has a plan to invest in 15-20 additional branches of self-storage business concentrating in mid-town areas to provide customers with convenient access. Therefore, if the Art Space business is profitable as planned, we are prepared to set aside spaces at the self-storage branches to expand the Art Space business well into the future to support increased need for this type pf service,” Mr. Charvanin concluded.
