There are three art markets that are the most influential regions in the art world today. These include the European market, the USA market and the Asian market, with developing art markets in South America and India. We are in an era of regionalization and it is clear that as an art collector you must narrow down your tastes and values to distinguish what art market best suits your art collection. There are distinctive cities within each region that have become art epicenters where a core contingent of the art world’s yearly migration occurs. Art enthusiasts and collectors crisscross the globe to visit them all.
New York City is the most populated city in the United States, home to one of the most populous urban agglomerations in the world, where tourists in great numbers form a major part of the economy. As such, New York City has become an art epicenter and is home to more galleries and more major art institutions than any other city in the world. From museums like The MET, The MoMA and The Frick Collection to galleries like Gagosian and Pace to independent art fairs like the Armory Show and Frieze New York, this city has it all. The marketplace in New York City is larger than any other city in the world and it welcomes art enthusiasts and collectors with open arms to come and explore its vast array of art. New York City is home to a wealth of artists with studios and artist-run spaces all over its five boroughs.
The Miami art scene has grown in leaps and bounds over the past twenty years, and to the contemporary art set, has become a place of annual pilgrimage. With the introduction of art fairs like Art Basel in Miami Beach and private collections from Ella Fontanals-Cisneros and Don and Mera Rubell to institutions like the Pérez Art Museum Miami, Miami has fast become an art world destination not to miss. Miami also serves as the art market’s gateway to South American and Latin art as well as numerous satellite fairs. A notable satellite fair that is a must see is Design Miami. Here you can find a sophisticated collection of contemporary and historic design. Finally the Wynwood area in Miami, a vibrant Puerto Rico community and formerly an industrial neighborhood, has expanded the art scene in Miami over the past six years to the city’s streets. Here art enthusiasts can find murals spread across concrete walls of abandoned factories and warehouses. This has also become a hot spot for artists to gather and commune with each other as well as mix with art enthusiasts.
For the past two hundred years, the city of London developed the fundamental elements and characteristics of the modern art market; international trade, institutions dedicated to the display and acquisition of art, social recognition of artists as members of respectable society, art dealers, art critics and writers, auction houses and patronage that embraces both Old Masters as well as Contemporary Art. From the Tate, to the Victoria & Albert Museum, to Saatchi Gallery, to Whitechapel Gallery, to the Royal Academy of Arts, to Frieze London and Frieze Masters, London’s museums, galleries and art fairs are steeped in history and innovation. London has been a staple for the art world for centuries, attracting the global elite and international galleries the likes of David Zwirner, Marian Goodman, and Pace, alongside the native dealers – Lisson, Sadie Coles HQ, and Sotheby’s. London continues to be a city strongly promoting culture and the arts and continues to be one of the arena’s where a large majority of artworks are bought and sold.
There are few cities in the world where art and art history have simultaneously worked together for years like Paris. Over several centuries, Paris has set the stage for the creation of some of the world’s best-known art styles, art movements, and art pieces. Paris has been Europe’s longtime home of culture, welcoming the art world to its vast array of museums, galleries and art fairs. From institutions like the Centre Pompidou, the Palais de Tokyo and the Louvre to art fairs like FIAC, Paris Internationale, to influential gallerists like Thaddaeus Ropac and Emmanuel Perrotin. Paris is a city when turning a street corner you will be sure to discover something new whether it’s a cultural monument, museum or a specialized gallery. Paris has a wide range of schools and Universities catering to artists and where art scholars have been flocking to for years. Some notable universities and schools include the Paris College of Art, Paris American Academy, École des Beaux-Arts, Parsons Paris and École du Louvre. Paris has historically been a home to many elite artists, the likes of Picasso, Van Gogh and Monet.
Although Shanghai hosts Mainland China’s largest market events, to this day, Beijing remains the first city for artists in Mainland China, with many Chinese artists and art professionals flocking back to the capital city to take part in what some deem a renaissance. You can find a bustling art scene in Beijing’s 798 Arts District. Here major art institutions reside such as Ullens Centre for Contemporary Art, dealers like Galleria Continua, Galerie Urs Meile, Long March Space and de Sarthe Gallery. Beijing is also home to the world-renowned auction houses, Poly Auction house and China Guardian, and the art academy, The Central Academy of Fine Art, which is notable for the quality of its alternative oil painters.
Hong Kong is fast becoming one of the art-worlds major capitals to visit, connecting art enthusiasts and collectors to the Asian market. Hong Kong is a city made up of Chinese and expats and has long been Asia's economic hub. Basel Hong Kong/ART HK moved to Hong Kong in 2013. Ever since then the city has seen an annual migration of art enthusiasts and collectors. After the introduction of Art Basel in Hong Kong, in 2015 Hong Kong saw the development of its first satellite fair, Art Central, which has become a favourite to go to for many art collectors. Catching the eyes of auction houses, Christie's auction house opened a gallery in Hong Kong in 2010, followed by Sotheby's auction house in 2012. There also has been an increasing number of major galleries, like Lehmann Maupin, Simon Lee, Gagosian, that now have outposts set up in the City. Hong Kong has also seen a rapid development of museums like M+, with more institutions in the works. With Hong Kong fast becoming one of the art world's busiest centres, all eyes are on the city wondering where it will go next.
Connecting Canada to Global Markets
We at Artlink Canada are very attuned to the European, USA and Asian art world markets, having exhibited artists from all of these regions. We want to keep our collectors up to date with the latest artworks being produced both globally and locally. As such, we too have become part of the global migration to these art epicenters and are happy to travel to these destinations for our collectors.