Monthly Digest June

Artsy Art Fair Report 2024: A Summary

The inaugural Artsy Art Fair Report highlights trends impacting art fairs. Key findings include:

1. Art fairs remain crucial for meeting new collectors, with 75% of galleries gaining new clients.
2. Most galleries aren't increasing participation in 2024, with only 25% planning more involvement.
3. High costs are the main barrier to entry, cited by 56% of non-participating galleries.
4. Sales are made throughout the fair, with 50% during the event and 49% on VIP days.
5. New York is considered the top art fair city globally.

For detailed insights, visit Artsy.

Hong Kong gets two new art fairs, Art021 and Photofairs, adding to the city’s packed arts calendar

Hong Kong is set to welcome two new significant art fairs: Art021 and PhotoFairs. Art021, expanding from its origins in Shanghai, will debut in August 2024. This fair is known for its focus on contemporary art and will bring new energy and diversity to Hong Kong's art scene. PhotoFairs, focusing on photography and digital art, will occur in March 2024, aligning with Art Basel and Art Central. This strategic timing aims to capitalize on the influx of international visitors during the peak art season, enhancing Hong Kong's reputation as a global art hub.

These additions are expected to provide a robust platform for galleries, artists, and collectors, fostering a dynamic and inclusive environment for contemporary and digital art. Art021's presence will likely attract high-caliber galleries and artworks, while PhotoFairs will offer a dedicated space for the rapidly growing medium of photography, reflecting its increasing importance in the art market.

The introduction of these fairs underscores Hong Kong's ongoing commitment to expanding its cultural landscape and providing new opportunities for engagement with art. This development is poised to elevate the city's status in the global art community, offering a diverse array of artistic expressions and attracting a broader audience of art enthusiasts and professionals.

Read the full article on Tatler Asia.

London’s Summer Season Dazzles With Dual Art Fairs

London's summer art season sparkled with the presence of two notable art fairs: Eye of the Collector and Treasure House

Eye of the Collector, founded by Nazy Vassegh, was held at Garrison Chapel, presenting an exhibition-style fair. This unique setting allowed artworks to be displayed in a curated environment, blending contemporary pieces with historical artifacts. Highlights included works by Thomas Cameron and Bridget Riley, which drew considerable attention and sales.

Treasure House, which replaced the Masterpiece fair, took place at Chelsea Royal Hospital. This fair featured a mix of contemporary art and antique pieces, providing a comprehensive art experience. Among the standout items was a Fabergé silver bell push, which attracted significant interest from collectors.

Both fairs attracted a diverse audience, including collectors, art enthusiasts, and industry professionals, leading to robust sales and reinforcing London's status as a vital hub in the global art market.

Read the full article on Artnet News.

The Art Industry Trends Report 2024 The Art Industry Trends Report 2024 by Artsy provides comprehensive insights into the evolving landscape of the art world, based on feedback from over 700 industry professionals. Key findings from the report include:

1. Profitability Tactics: Galleries are implementing various strategies to enhance profitability. These include diversifying their artist rosters, exploring digital sales channels, and hosting more targeted exhibitions and events.
2. Co-Representation Impact: The practice of co-representing artists is significantly shaping the market. This approach allows artists to reach broader audiences and provides galleries with shared marketing and logistical efforts, thereby enhancing overall market presence.
3. Client Engagement: Galleries are adopting innovative methods to meet and engage with new clients. This includes leveraging digital tools and platforms to connect with collectors globally, as well as personalizing communication to cater to individual collector preferences.
4. Digital Transformation: The shift towards digitalization continues to be a major trend. Online sales platforms, virtual exhibitions, and digital marketing strategies are becoming increasingly essential for galleries to reach a wider audience and maintain competitiveness in the market.

These trends highlight the dynamic nature of the art industry and the need for galleries to adapt and innovate to stay relevant. The report serves as a valuable resource for understanding current challenges and opportunities in the art market.

For more detailed information, you can access the full report on Artsy

Monthly Art Exhibitions and Events in Frankfurt and Hessen

Below is a curated list of must-see exhibitions and events happening in Frankfurt and Hessen for art enthusiasts:

Exhibition Openings and Events:

Casablanca Art School Exhibition

• Venue: Schirn Kunsthalle
• Dates: July 15, 2024 - October 10, 2024
• Description: Explore the vibrant and influential works of the Casablanca Art School in this comprehensive exhibition.
• More Info: Schirn Kunsthalle

There is no there there

• Venue: MMK Museum für Moderne Kunst
• Dates: April 13, 2024 - September 29, 2024
• Description: A profound exploration of contemporary issues through the lens of modern art.
• More Info: MMK Museum

Gustav Metzger Exhibition

• Venue: TOWER MMK
• Dates: July 27, 2024 - January 5, 2025
• Description: Discover the works of Gustav Metzger, focusing on his contributions to contemporary art and activism.
• More Info: MMK Museum

Cyprien Gaillard: Frankfurter Schacht

• Venue: Taunusanlage
• Dates: Ongoing
• Description: A public sculpture exhibition by Cyprien Gaillard, exploring themes of urbanism and history.
• More Info: MMK Museum

St?del | Women. Women Artists between Frankfurt and Paris around 1900

• Venue: St?del Museum
• Dates: July 10, 2024 - October 27, 2024
• Description: This exhibition focuses on the contributions of women artists between Frankfurt and Paris around 1900.
• More Info: St?del Museum

Muntean/Rosenblum: Mirror of Thoughts

1. Venue: St?del Museum
2. Dates: May 3, 2024 - December 1, 2024
3. Description: The exhibition features contemporary art by Muntean/Rosenblum, exploring various themes and perspectives.
4. More Info: St?del Museum

We hope this list enhances your art experience this month. Stay tuned for more updates in our next digest!