News

Fair makes financial loss but a huge gain for Sydney

Sydney’s first contemporary art fair drew double expected attendance but with a $500 K loss, financial returns will take time.

24 Sep 2013

Gina Fairley

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Visual Arts

Sydney Contemporary confirmed this morning that ‘the inaugural fair is set to make a loss of $500,000,’ which they, ‘viewed as an investment in the development of the Art Fairs Australia business”.

Owner of Art Fairs Australia Pty Ltd Tim Etchells said, ‘We know that many of the galleries sold to new clients which is one the main reasons for taking part. Galleries need to meet new clients and we delivered them.’

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Gina Fairley

Gina Fairley is ArtsHub's National Visual Arts Editor. For a decade she worked as a freelance writer and curator across Southeast Asia and was previously the Regional Contributing Editor for Hong Kong based magazines Asian Art News and World Sculpture News. Prior to writing she worked as an arts manager in America and Australia for 14 years, including the regional gallery, biennale and commercial sectors. She is based in Mittagong, regional NSW. Twitter: @ginafairley Instagram: fairleygina