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ARCOmadrid closes with 10% more trade visitors and the return of Spanish collectors

After five intense days, the Fair closes on a positive note and confirms the recovery of the art market. A new element has been the arrival of Chinese buyers and their interest in Spanish artists

It is estimated that as it closes ARCOmadrid has exceeded 100,000 visitors

This edition has demonstrated the confidence of large companies with unique projects at the fair such as Zara Home's Arco VIP Room

03 Mar 2015

ARCOmadrid 2015, the art fair organized by IFEMA, closed the doors on its 34th edition with an increase of 10 por ciento in the number of trade visitors in its first two days, with the attendance of more than 27,280 collectors and professionals from around the world. It is estimated that the total figure of 100,000 visitors has exceeded, highlighting the level and the improving quality of the content of the show and its confirmation as a key event for the Spanish art market, and as a place for meeting and exchange between Europe and Latin America.

The positive results and the signs confirming the recovery of the art market have been the key features of the International Contemporary Art Fair, which was opened last Thursday by the King and Queen of Spain, and closed On Sunday by the President of Colombia, the Guest country, in support of the participating Colombian galleries.

The most significant details include the return of Spanish collecting on both a private and corporate and institutional level, which has been confirmed as a result of the growing confidence in the art market in our country, with an upsurge in sales, especially during the first two trade-only days, with 300 collectors invited from 33 countries in addition to the presence of numerous Spanish collectors.

Also, the arrival of Chinese buyers interested in Spanish art stood out at this edition, with names like Secundino Hernández and Néstor Sanmiguel Diest attracting attention, among other national artists. There was also a strong presence of Colombian collectors with significant interest in the fair.

The institutional and corporate purchases confirmed in this edition of ARCO include those by IFEMA for the ARCO Foundation; the Museo Nacional Centro de Arte Reina Sofía; the Asociación 9915 and DKV Seguros, as well as organisations like Iberdrola, Alcobendas Town Council, Banco de la República and the Pérez Art Museum, among others, which are now completing their purchases at ARCOmadrid.

The positive results at this edition could mean it does even better than 2014, when ARCOmadrid brought in 100 million euros in revenue for the city of Madrid and the Spanish economy, according to the study conducted by Clare McAndrew for the Fundación Arte y Mecenazgo.