ARCO Madrid 2009 international art fair news round-up – galleries drop out, public funding prop, Indian art

INTERNATIONAL ART FAIRS

ARCO Madrid, one of the largest and most important international art fairs holds its 28th edition from 11 February to 16 February 2009  in a new location:  Halls 6, 8 & 10 at Feria de Madrid, Spain. 238 galleries from 32 countries are participating.

Inside ARCO Madrid.

Inside ARCO Madrid.

Financial downturn hits art worldBBC – 16 Feb 209 – video clip – An insubstantial very brief video story about how the crisis is affecting the art fair: some artists are using the crisis as inspiration for their art: interview with art fair director Lourdes Fernandez who says it is more difficult for some dealers this year.

Dealers reported mixed results at Spain’s monster contemporary art fair ArcoFinancial Times – 14 Feb 2009 – Georgina Adam reports that Spanish museums budgets have melted and prices of artworks have been reduced. Artists attracting interest/buyers included Georg Baselitz, Amaya Gonzalez Reyes, Eugenio Merino’s take off of Damien Hirst ‘For The Love of Gold’.

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Arco Beep New Media Art Award  – We Make Money Not Art  – 13 Feb 2009 – Post written by a member of the jury about the award, the entries and the winner. The award was won by Ubermorgen.com for its EKMRZ Trilogy, a fascinating triptych about the three kings of ecommerce Google, Amazon and ebay. The Google art work ‘Google will eat itself’ involves the artists raising money with google text ads and using the money to buy Google shares.

Panorama India Artslant provides a list of artists and galleries from India, Arco’s special guest country 2009.

Tatsumi Orimoto performs Punishment at Arco 2009 video – Vernissage TV

Hirst statue stars at Madrid show as dealers aim to defy slumpBloomberg – 13 Feb 2009 – A Florida collector bought Merino’s sculpture of Hirst committing suicide “Hirst is always trying to think of ways to make his art the most expensive. If he killed himself, then the value of his art would increase a lot.” Despite India being guest country only 13 galleries from there. US galleries dropped from 26 last year to 7 this year. Plenty of bargains. Russian GMG Gallery sold 2 photographs by Anatoly Zhuravlev to a prominent Swiss collector of Chinese art.

Image carousel Telegraph – 19 images of artists: Isaac Montoya, Filomena Soares, Jose Batista Marques, Enrique Marty, Madeleine Berkhemer, Vivek Vilasini  (India), Jitish Kallat (India), Valay Shende, Eugenio Merino, Yi Hwan-Kon, Samuel Salcedo, Bernardi Roig.

Indian art draws Europeans IANS via Zee News – 13 Feb 2009 – New trend in Indian art away from works on canvas towards installation and new media apparent in gallery shows and  Panorama, the show of Indian art curated by Bose Krishnamachari. Dayanita Singh in solo show, Shilpa Gupta work finds European buyer.

Gloom at major European art fair as boom in sales seen over  – AFP  – 12 Feb 2009 – This is a prediction story about the mood prior to the event. Galleries predict  limited cash, prices down 25% for contemporary art, buyers will take time over purchases. Artist view: lower prices an opportunity for young. Includes image carousel.

Arco Madrid 2009 opens – calm forecast  – Art Daily – 12 Feb 2009 – This is a facts piece with a promotional tone. It covers details of the move to the new location and the fair’s programmes and projects: India is showcased, three curated shows cover performance art, contemporary art and technology in art, there is a list of talk forums by experts and a description of the section showcasing capsule collections from private museums.

Recession triggers improvement in Indian art qualitySindhToday via IANS – 11 February 2009 – This is a views piece about how the collector base for Indian art is changing and broadening particularly in Europe and is based on interviews with Bose Krishnamachari curator of the special Indian Panorama section and Peter Nagy of Nature Morte, an exhibitor.

Fine Art Publicity - click to buy

Fine Art Publicity - click to buy

Galleries drop out of ARCOArtinfo – 5 Feb 2009 – Edited version of Der Standard story below.

ARCO hit by crisis– Artforum via APAvia Der Standard – 3 Feb 2009 – 20 galleries of 270 cancelled – dropouts include 2 from South America, one from Spain and Lisson Gallery London. Portugese Ministry of Culture provided funding to prevent more.

Related links: ARCO website

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