Today marks the seventh Autumn edition of the Affordable Art Fair Singapore. Presenting 86 galleries and showcasing more than 600 artists, the fair promises a wide range of contemporary and affordable art. It will also have a significant focus on art therapy and art education programs.
“When I first showed my business proposal for the Affordable Art Fair to a gallerist, he told me that it wasn’t going to succeed,” says Will Ramsay, Affordable Art Fair Ceo. Like all things exclusive, art was supposedly kept to a “closed group” but this did not keep him from pursuing his dream. Fast forward five years down the road, the same gallerist has now asked to join the Affordable Art Fair by renting out a stall.
While the economy has affected luxury and art markets across boards, Ramsay and his partner, Alan Koh says that they have not seen a downturn at the affordable art level. In fact, they have also raised the price ceiling of artwork prices to $15,000. Which is 25% of the artworks presented at the fair. “We are educating and engaging the audience with more exposure to various art genres but the focus is still on affordability,” says Alan Koh, Fair Director, Affordable Art Singapore.
According to Ramsay, as inflation happens, time becomes more expensive and so do materials. This is also part of the reason why art prices increase. The factors that tie into this is 1. Artist materials, 2. Artist’s time and 3. Artist reputation.
In addition to the fair’s global direction, its adopted charity is the Woodbridge Hospital Charity Fund (WHCF), which will receive one dollar for every ticket sold. The 3-day extravaganza is also held in collaboration with ION Art, Young Talent’s Programme and Lensational, a non-profit enterprise.
It will open tomorrow 18 Nov 2016 to Saturday 20 Nov 2016. For more information on the ticket prices, visit http://www.affordableartfair.com/Singapore.
Snapshots at Affordable Art Fair 2016