ARCO Madrid 2010, the International Contemporary Art Fair, Opens Its Doors
MADRID.- ARCOmadrid, the International Contemporary Art Fair of Madrid, will once again be a must-visit event for anyone seriously interested in finding the best and latest from the art market today. In Halls 6, 8 and 10 at the IFEMA exhibition centre, visitors will find a huge variety of masterpieces by some of the most highly priced artists from the 20th and 21st century, alongside pieces by emerging practitioners, accessible for those wishing to begin collecting of contemporary art. The extensive range of works covers all types of trends and media, from classic to cutting-edge.
The variety of works on view at ARCOmadrid_ 2010 will undoubtedly meet the expectations of big and small investors alike, and very particularly the public and private institutions, investment funds and corporations that are planning to renew their commitment with art and culture at this year’s fair. Art lovers will be able to choose from among a wide gamut of works that includes all types of art trends: from the 20th century avant-gardes, to the most emerging and cutting-edge expression of the moment, in conventional supports and in new media, by around 3,000 both mature and emerging artists. The 218 exhibiting galleries have brought their best works, with something for all kinds of collectors, from the newly arrived to the most knowledgeable and ambitious collectors.
Masterpieces at ARCOmadrid_ 2010
Another expensive piece is on view at ORIOL GALERIA D’ART, a gallery specialising in 20th century masters and avant-garde artists. At ARCOmadrid_ 2010 it has an oil painting by the master of Constructivism Joaquín Torres-García. “Composición”, a work this Uruguayan artist of Catalan descent painted in Madrid in 1933, is on sale at the fair for €700,000, a good indication of the international recognition of Latin American art, sure to clock up plenty of sales at this year’s ARCOmadrid.
In turn, the London gallery EDWARD TYLER NAHEM FINE ART can boast some of the most famous names in 20th century art. For instance, the German painter Gerhard Richter, one of whose works in ARCOmadrid is available for a cool €750,000, one of the highest prices this year. Other top-rated work is an oil on aluminium titled “Paris Robe”, by the Irish artist Sean Scully, painted in 2008, which may be bought for €650,000 at LELONG.
Another French gallery, THADDAEUS ROPAC, is showing some of the most expensive pieces at the fair, like “Flying No.1”, an oil on canvas from 2009 by Ilya Kabakov, available for anyone with €440,000 to spare, or one of the most recent works by the German artist Georg Baselitz, “Magentahände”, 2009, with a price tag of €400,000.
Emerging Asian artists coming from new burgeoning cultural centres like India or China, account for some of the highest priced works at the fair,. A good example is the Korean ARARIO GALLERY, at whose space in the GENERAL PROGRAMME collectors will find the oil painting “Sweatopia”, by the Indian Jitish Kallat, valued at $300,000 (nearly €220,000), or the Chinese gallery BEIJING SPACE, exhibiting in ARCO 40 a piece titled “Chinese Portrait” going at $160,000 (€118,000), by Feng Zhengjie.