Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

How the Affordable Art Fair Makes So Much Money

May 20, 2009 by Marion Maneker

The Telegraph tells the story of the Affordable Art Fairs which grew from a local operation into a multi-national effort with offices in each country where it operates:

More than 500 galleries have displayed their wares at Affordable Art Fairs around the world since Will Ramsay pioneered the idea with a debut show in Battersea Park in 1999. Since then more than £100m of art has been sold worldwide, while in the UK approximately 350,000 people have visited the biannual event buying art valued at more than £60m.

Today, Mr Ramsay’s business, which includes his Putney-based gallery Will’s Art Warehouse, turns over about £5m every year, but as he is the first to admit: “It hasn’t been all plain sailing.”

He adds: “I learned that taking all the British galleries to the foreign fairs doesn’t work.” Taste in art, it seems, can be very place specific. “People from Cornwall will like seascapes while people from Glasgow, for example, prefer more realistic landscapes,” explains Mr Ramsay.

Initially, Mr Ramsay had no plans for bringing his art fair concept overseas but then “people called”, he explains. “I’d get an email from someone who had been to the art fair in Battersea who was Italian and was convinced that it would work in Italy, or somebody who had been to the art fair in New York. They would say, ‘Can we speak?’.”

How the Affordable Art Fair Became a Hit (Telegraph)

More from Art Market Monitor

  • Fairey from Ironic to IconicFairey from Ironic to Iconic
  • The New York Times Still Doesn’t Get Art & Money LaunderingThe New York Times Still Doesn’t Get Art & Money Laundering
  • Grotjahn at GagosianGrotjahn at Gagosian
  • The Case Against Anyone Owning Sotheby’sThe Case Against Anyone Owning Sotheby’s
  • Did Pop Change the Artist's Role?Did Pop Change the Artist's Role?
  • Sotheby’s Evening Sale Fights an Imp-Mod TrendSotheby’s Evening Sale Fights an Imp-Mod Trend

Filed Under: Art Fairs

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor