Winding the clock forward to 2011, the venerable Palace Hotel landmark in Shanghai has been re-set as an art residence for jet-set artists and travelers by new leaseholders, the Swatch Group. Behind the russet-and-white Victorian Renaissance facade, the Swatch Art Peace Hotel is a bold reinvention. Ascending the dark Jacobean staircase, 18 work-live apartments are occupied by selected guest artists-in-residence from around the world, who enjoy a free six-month tenure. The antithesis of the “tortured artist,” these lucky painters, videographers, composers and other arty types create and bed down in designer ateliers, relax in the chic communal library, kitchen and lounges overlooking the Bund. In return, they must leave a piece of art for the hotel collection.