Portugal, and its growing art market, is the destination chosen by IFEMA for the organisation of the first contemporary art fair under the ARCO brand.
ARCOlisbon will be held 2016, from 26 to 29 of May, in the Fábrica Nacional da Cordoaria, located in Belém, with the participation of 40 international galleries selected by the Organising Committee.
Portugal, one of ARCO’s long-standing allies, has been chosen for this new project by IFEMA as one of the most attractive cultural hotspots with an increasingly dynamic market, worthy of a relevant and stable art event on the contemporary art fairs circuit, for its unique, high quality art context in constant dialogue with international art. Which is why IFEMA, organiser of one of the most emblematic international events, ARCOmadrid, is creating this new platform which, with the extensive know how of the Madrid institution, will help raise the value of the Portuguese art and culture scene.
The opportunity and support created by this project for Portuguese galleries will be enhanced even further by the progressive recovery of the Portuguese economy, which began to stabilise in the last quarter of 2015, as well as the return of international investment in the real estate market among others, which in recent years has been attracting Brazilian and Chinese investors. Another positive factor is the rise in tourism in Portugal, which has grown considerably in recent years, with 2014 being the year with the biggest increase in reservations across Europe, particularly attracting tourists from Spain, United Kingdom, Germany, France and Brazil, many drawn by its cultural offer.
On creating ARCOlisbon, the intention is for it to be held annually. It will be open to the public from 26 to 29 of May and will dedicate its opening day (25 May from 6pm on) to international professionals and collectors, including the selection that will make up the guest Collectors’ Programme which is planned.
- ARCOLisbon venue