What you need to know
The annual exhibition had 'fewer attendees, but better quality.'
ART TAIPEI 2016 closed its 23rd annual art fair at the Taipei World Trade Center on Nov. 15, ending a four-day event that presented more than 700 artists from more than 150 art galleries from around the Asia-Pacific region.
Galleries from Hong Kong and Japan joined local galleries in the event, and ART TAIPEI 2016 also collaborated with the Asia-Pacific Art Gallery Alliance (APAGA) to exhibit works from 11 Southeast Asian galleries from Thailand, Vietnam, Indonesia, Malaysia and Singapore.
The “Asia-Pacific Art Market Report 2015/16” published by the Taipei Art Economy Research Centre (TAERC) indicates the art market in the Asia-Pacific region is growing, with 42 percent of transactions made through art galleries and 30 percent through art fairs. The report also shows that 77 percent of attendees at art fairs around the world are from Asia.
According to the report, 40 percent of the respondents acquired one to five artworks in the past year, with paintings being the most purchased items, followed by sculptures and prints. Nearly 25 percent of the respondents showed an annual collection budget higher than US$80,000, which was the same percentage as those who had no budget.
ART TAIPEI 2016 exhibited diverse pieces including works of Pablo Picasso, Marc Chagall and Yayoi Kusama, and also those of rising artists in the Asia-Pacific region. The art fair saw a wide array of mediums, from oil paintings and Chinese ink paintings to photography and multimedia installations.
Yuching Teng, Taiwan Art Gallery Association spokesperson, told The News Lens International the art fair saw over 30,000 attendees this year, fewer than the nearly 47,000 last year. But she said, "Many art galleries have said that though there were fewer people [this year], the quality of the collectors has been better."
Editor: Edward White