|Billionaires lured by Masriadi's Warrior at new London art fair that includes 122 dealers from 31 countries|
"Dubailand series 2" by Aleix Plademunt is shown in this handout photo taken on Aug. 3, 2009. It will be shown by the Paris and Miami dealer, Galerie Olivier Waltman, at the first Art 13 London fair at Olympia, west London, from Feb. 28 through March 3. Source: Galerie Olivier Waltman via Bloomberg.
LONDON (BLOOMBERG).- A new art fair opens in London today that plans to be Europes first truly global event of its type, feeding a growing appetite for contemporary works.
Art13 London, with 122 dealers from 31 countries and sponsored by Citi Private Bank, previews for VIP visitors at the Grand Hall, Olympia. About half the artists on show will be of non-Western origin, the organizers said in an e-mail.
It will be interesting to see galleries from places like Turkey, Korea and Singapore, if they bring their homegrown talent, the London-based art adviser Annabel Thomas said. The fair may be an opportunity to find up-and-coming new artists. It depends on quality control.
The market for contemporary art is growing as rich people from both established and emerging economies look to invest in alternative assets.
Evening and day auctions at Sothebys, Christies International and Phillips earlier this month in London raised 203.5 million pounds ($307 million), an increase of 18.9 percent on last year. Buyers came from 33 countries, Christies said, demonstrating a truly global appetite for the category.
Art13 London is organized by Tim Etchells and Sandy Angus, co-founders of the Hong Kong International Art Fair, which sold a majority stake to Art Basels MCH group in 2011. They also plan sister fairs in Sydney and Istanbul in September.
Asian names are prominent in London. There are 12 galleries with spaces in China and nine U.S.-based dealers. South Korea and Singapore both have six stands.
Fairs like Frieze and Art Basel tend to be a bit Western- centric, Jasdeep Sandhu, director of the Singapore-based Gajah Gallery, said. This presentation has a more global focus. Its what the future of the art market might be.
Gajah is among the 70 percent of Art13 Londons exhibitors to show in the U.K. capital for the first time. The Singapore gallery will be bringing Godlike, a 2013 painting of a samurai sword-wielding warrior by Nyoman Masriadi, the star of Indonesias contemporary art scene. It is priced at $350,000.
Other canvases of the artists trademark black heroes have made as much as $1 million at auctions in Hong Kong.
Art13s organizers said Frank Cohen from the U.K., Dakis Joannou from Athens and Don and Mera Rubell from Miami are among big-name western collectors committed to visiting.
The chance of snapping up a next big thing at affordable prices is a lure for buyers. Others, noticing the absence at Art13 of destination galleries such as Gagosian and White Cube, as well as the prevalence of U.K. dealers who show at second-tier London contemporary art fairs, will be biding their time.
Ill be waiting until the second or third edition, the New York art adviser Judith Selkowitz said. There are a lot of art fairs and some markets in emerging economies can be fairly volatile.
Pearl Lam Galleries, based in Hong Kong and Shanghai, will be showing two Western-trained Chinese abstract painters that are making their debuts at a London fair.
Zhu Jinshi, who is collected by the Rubells, worked in Berlin with Joseph Beuys in the 1980s and had contact with Robert Rauschenberg. Su Xiaobai was a pupil of Gerhard Richter in Germany during the same decade.
Their more recent abstract works range from $50,000 to $300,000, reflecting the upper price levels for most of the better-quality works at Art13.
March 1, 2013
Chinese artists ink new future for 1,000 year art in new exhibiion at Christie's in New York
Pierre Soulages' first solo museum exhibition in Italy opens at Villa Medici in Rome
Hammer Galleries to present Objects In Space: Léger, Miró, and Calder at TEFAF Maastricht
Frist Center presents exhibition of ancient American art from the John Bourne Collection
CGC 6.5 Detective Comics #27 reigns supreme at Heritage Auctions comics event
A history of couture in 100 dresses in "Paris Haute Couture" at Hotel de Ville in Paris
Andy Warhol's rare print, Sleep, on view for the first time at the National Gallery of Canada
Retrospective at the ZKM / Media Museum gives an overview of the artistic works of Henry Flynt
Sotheby's Hong Kong Important Watches Spring Sale 2013 presents magnificent clocks
"In the Circle of Hans Hofmann: Works from the Hannan Art Collection" on view at Betty Krulik Fine Art, Ltd
Billionaires lured by Masriadi's Warrior at new London art fair that includes 122 dealers from 31 countries
The San Francisco Arts Commission and Heyday bring 80 years of cultural innovation to life in new book
Eleven contemporary artists explore the emotions of love at the Art Gallery of New South Wales
Erarta Galleries London opens exhibition by celebrated book designer and illustrator David Plaksin
Paul Manoguerra hired as new Director, Curator of Gonzaga's Jundt Art Museum
Zefrey Throwell's Panic in the Chalk Cave opens at Gasser Grunert
Final countdown underway to South Florida's premier collector car auction
Major exhibition of the works of the Israeli-French artist Absalon opens at the Tel Aviv Museum of Art
The Christopher Henry Gallery opens first solo exhibition of New York-based artist Allison Maletz
Most Popular Last Seven Days
1.- Egypt conservationists to sue over 'botched' Egyptian Pharaoh Tutankhamun mask repair
2.- Scrolls scorched by Vesuvius may be read again thanks to 21st century technology
3.- Italian government seizes more than 5,000 looted antiquities in record 45-million-euro haul
4.- Remains of at least five people found in Alexander the Great-era tomb in Amphipolis
5.- Munich poised to lift ban on Holocaust memorial project known as Stolpersteine
6.- Rare coin records smashed by Heritage Auctions at Florida United Numismatists Convention
7.- Bonhams to offer Alan Turing's hidden manuscript on the foundations of mathematics and computer science
8.- Jane Wilson, painter of luminous landscapes, dies at the age of 90 in New York
9.- First exhibition in the UK to examine Rubens influence on art history opens in London
10.- Paul Simonon presents a series of new paintings at London's Institute of Contemporary Arts
Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .
|Royalville Communications, Inc|