Photo: ArtRio 2013
ArtRio 2013 is set to launch this week on September 5 with record art sales being predicted. The Rio de Janiero event hosts some of the world’s most influential galleries and art dealers. The main objective of the four-day event is “to foster production, promotion and distribution of Brazilian art in the country and abroad.”
In is first year (2011) ArtRio had 83 galleries present with over 700 works of art shown to 46,000 visitors, generating $120 Brazilian Real ($50M) in art sales.
Brazil is an exciting market for artists and their representatives. There are an unprecedented number of private collectors in the country thanks to a decade of economic prosperity in the country. Last year Brazilians collectors spent nearly $100 million at art galleries. As a result there are more art dealers operating in the country.
According to Blouin ArtInfo between 2010 through 2011 there was a 44 percent increase in the number of contemporary art galleries in Brazil. And as Brazil takes its place in the global marketplace as the sixth-largest economy there is great interest in Brazilian art.
A recent study by ABACT found that Brazilian artists work is part of 130 international art collections and contributed nearly $30 million in export dollars to the country. Recently a piece by Lygia Clark set an auction record selling for $2.2 million.
The country recognizes the importance of Brazil’s place in the art world and is doing all it can to support events like ArtRio going as far as reducing its substantial sales tax for the event.