Singapore’s seventh Autumn Edition of the Affordable Art Fair opened over the past weekend, November 17 to 20, a day shorter than its 2015 edition. Eighty-six galleries from Singapore, Asia, America, and Europe came together to showcase over 600 artists, with 75 per cent of the artworks priced under S$7,500.
Amidst a tumultuous global economy and a challenging art market, the fair welcomed over 12,000 visitors and garnered more than S$3 million in sales, compared to last year’s 15,500 visitors and S$3.9 million in sales. The average visitor and sale per day was on par with the 2015 Autumn Edition, with the average spend per person also remaining the same at S$2,800.
Accentuating the fair’s dedication to educate and engage the public to create new buyers in a pressure-free setting, this year’s show featured an intensive art education and art therapy theme throughout the fair with the Art Education Space featuring a new platform for Wessex Estate artists, Interactive Art Installations, Children’s Art Studio and artists-collaborated workshops by charity groups Woodbridge Hospital Charity Fund and Lensational.
“Amidst a tough economy, our average spend and number of visitors per exhibition day remains the same. This comes with the strategic efforts made with each fair with advanced consideration of market conditions and feedback from our galleries and partners. The decision to shrink the number of galleries was made in Autumn 2015 and we carried on that strategy this year, deciding instead to increase the price ceiling to ensure a fresh and quality selection of works, as well as having one less day for the event.” said Mr Alan Koh, Fair Director, Affordable Art Fair Singapore.
Art lovers can look forward to more fresh programming and new artists next year with an early Spring Edition of the fair to be held from April 6 to 9 in 2017.