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Big-brand contemporary art fairs are a successful business model

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A visitor examines 'Boyhood' (above), a 2013 mixed-media piece by artists Gilbert and George at the press opening of the Foire Internationale d'Art Contemporain at the Grand Palais in Paris last Wednesday. Another piece that proved a draw was 'One Three', a 2014 iron, steel, bronze, ceramics, leather and linen piece by Brazilian artist Tunga.

BT_20141028_ART28A_1338853.jpg
A visitor examines 'Boyhood', a 2013 mixed-media piece by artists Gilbert and George at the press opening of the Foire Internationale d'Art Contemporain at the Grand Palais in Paris last Wednesday. Another piece that proved a draw was 'One Three', a 2014 iron, steel, bronze, ceramics, leather and linen piece by Brazilian artist Tunga (above).

Paris

ON Oct 22, just four days after the Frieze Art Fair closed in London, the 41st edition of the rival Foire Internationale d'Art Contemporain (FIAC) opened to VIPs in Paris.

Since its debut in 2003, Frieze has gained a reputation as one of Europe's leading fairs dedicated to

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