"Set to welcome more than 110 galleries hailing from 18 countries, focus on local, regional, and international art and artists alike are given a platform that leverages the fair's unique place within the art ecosystem-and collectors are offered a glimpse at the latest evolutions and developments in contemporary art."
"Marking a milestone year for Art Busan, the fair has considerably expanded the scale of programming complementing the roster of exhibitors, including showcasing a more materially diverse range of galleries that go beyond art and into the realms of craft and design; expanding curated exhibitions and collaborative projects; and support Citywide Art Week programs through the city of Busan."
"Indicators released by Art Busan pointed to an art market reorganization rather than contraction, charted by the volume of pre-sale activity and purchase intent, which the fair noted had increased year-over-year. Supplemented by a rise in repeat attendance, with visitors logging two or more visits to the fair, and nearly half of attendees disclosing prior purchase history, the fair's collector base reflects an emphasis on continuity and connection over new entry into the collecting realm."
"Perhaps most intriguingly, the fair notes purchase activity across a wide spectrum of price points, rather than concentrated exclusively at the upper echelons. What this suggests is that while the speculative, flash-in-the-pan moments of years or decades past are losing ground, concerted, focused participation is not."
Art Busan’s 15th edition is set to welcome more than 110 galleries from 18 countries, featuring local, regional, and international art and artists. The fair expands programming by including a more materially diverse range of galleries that extend beyond art into craft and design, while also growing curated exhibitions and collaborative projects. It supports Citywide Art Week programs across Busan. Data from the previous edition indicates an art market reorganization rather than contraction, based on increased year-over-year pre-sale activity and purchase intent. Repeat attendance is rising, and nearly half of attendees report prior purchase history. Purchase activity occurs across a wide range of price points, suggesting sustained, focused participation as speculative moments decline.
Read at Artnet News
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