Art Market Monitor

Global Coverage ~ Unique Analysis

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

ArtRio and the Ascendance of the Global Art Circuit

September 4, 2013 by Marion Maneker

Vik Muniz, Rio de Janeiro Postcard

The opening of ArtRio serves as a reminder of the expansion of the art market to economies that are breaking out. The rapid growth of the fair and alacrity with which newly wealthy Brazilians are coming to art underscores the global growth of the art market. But why? Is it simply a matter of  the rich liking art? Or has art entered a new position in global culture.

Our take has been that art is the touchstone that unites the international class of business owners. To call them middle class is misleading. Art buyers tend to be owners of enterprises that generate considerable amounts of cash. These owners are using their cash to participate in a global language where art works are the nouns and verbs. This view was echoed in Artsy’s interview with ArtRio director Brenda Valasi:

Indeed, we saw a significant increase of new collectors these past years. The economic growth was undoubtedly one of the factors for the emergent countries to gain more attention worldwide, and consequently our institutions are now taken seriously by the art scene opinion-makers.

Collecting art has become a way to communicate in this post global era. It is much more a way of bringing people together and supporting the community who share a common interest than to segregate cliques. We always work with the distinguished profile of our collectors, “collectors-to-be”,  and visitors in mind, and it is essential to give them an ample panorama of today’s art circuit.

ArtRio Director Brenda Valansi on Brazil as the Art World’s Hotspot (Artsy)

More from Art Market Monitor

  • Rio Blames It on TaxesRio Blames It on Taxes
  • A Quick Tour of ArtRioA Quick Tour of ArtRio
  • Understanding China's WealthyUnderstanding China's Wealthy
  • Christie’s Out Guarantees Sotheby’s 4-to-1 but “Only” Tops Sales 2-to-1Christie’s Out Guarantees Sotheby’s 4-to-1 but “Only” Tops Sales 2-to-1
  • Why a Dead Tree is a Work of ArtWhy a Dead Tree is a Work of Art
  • China Has 63.5k HNWI with $15m or MoreChina Has 63.5k HNWI with $15m or More

Filed Under: Art Fairs Tagged With: ArtRio

About Marion Maneker

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

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Tony Podesta's Secret Art Buying
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Christie’s to Sell Its First Fully Digital Work of Art in Test of Emerging Market
  • Podcast
  • Basquiat's Last Girlfriend
  • Christie's to Sell $12m Yves Klein to Benefit The Water Academy
  • How to Chant Like an Auctioneer
  • 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