Report (March 2013) link: http://www.tefaf.com/DesktopDefault.aspx?tabid=148&tabindex=147&postid=13221
'While some smaller dealers get better exposure by showing alongside bigger galleries at fairs, many struggle even to get past the long waiting lists for entrance into the fairs, while those that win access must work hard to recoup the costs, including the booth fee, airfares, hotels and entertainment. Just a booth can start at $15,000, go to $40,000 or so for a midsize gallery, or even $100,000 and above for a larger space. '
'Some big New York galleries then send as many as 20 employees to staff the fairs; travel, hotels and parties for collectors, as well as insurance and installation for the art, can push the cost past $300,000 for one fair alone. '
'The Arts Economics report found that sales by dealers with annual revenue of less than 500,000 euros fell 17 percent in 2012, whereas sales for dealers with annual revenue exceeding 10 million euros rose 55 percent. Worldwide, the top one-tenth of dealers account for more than 60 percent of total gallery sales above 20 billion euros. '
According to the Web site Galleries of New York, which collates real estate data, the number of galleries in the big art districts has declined in the past few years — galleries in West Chelsea have fallen to 282 from a peak of 364 in 2007; those in SoHo have dropped to 87 from 337 in 1995.
full article here
Art Events September 2013:source http://www.artvista.de
Shanghai Art Fair