"Over the past decade or so, it's becoming increasingly common for galleries to foot the bill for their artist's projects in Venice and other high-stakes biennials: the cost of making (and shipping) ambitious installations has soared, but budgets have not."
"Auction houses have pulled back on pavilion support this year, but there are still plenty of client-facing events in the works, and even a cheeky sale to be had."
"Venice is a long way from becoming brand-saturated, like Miami Basel, but things are changing."
The Venice Biennale is a key event for the art industry, drawing galleries and artists despite its non-commercial nature. Galleries are increasingly financing ambitious projects due to rising costs. While auction houses have reduced pavilion support, various commercial ventures are still active, hosting events and sponsorships. Fashion brands are also involved, and Christie's is organizing a private selling exhibition at a historic venue. The landscape of the Biennale is evolving, with a mix of art and commerce becoming more pronounced.
Read at Artnet News
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