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FIAC 2021: galleries’s new strategies for the changing art world

FIAC 2021: galleries’s new strategies for the changing art world

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The Covid-19 pandemic has accelerated changes in the art world, and galleries have inevitably had to adapt to keep up. While the FIAC 2021 officially begins this Thursday, October 21, this event remains an opportunity to understand the new strategies put in place by galleries.

 

Despite the forced closures, the art market has proved resilient. Its turnover fell by only 22% in 2020, and since the beginning of 2021, it has seen a clear upturn, driven by collectors with financial assets of more than one million dollars, who increased their purchases by 42% in 2020 compared to 2021. “The thirst for works has never been so great in the world, thanks to the Internet, which has shortened the time it takes to sell,” observes gallery owner Daniel Templon.

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Featured photo : © Carré d’artistes

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