The highly competitive French art market
It is boom time for the art market in France. 2011 was a year that beat all records: art dealers realised a total turnover of 2.38 billion euros, an increase of 8.6% on 2010. While spectacular sales tend to happen at the auctions, a fair proportion now take place at art fairs, by private sale. For instance, the FIAC international contemporary art fair in Paris, held in the Grand Palais from 18 to 21 October 2012, brings in nearly 180 galleries from 24 countries. An unmissable event on the contemporary art calendar, it is continuing to grow exponentially and this, its 39th, event confirms its major international status, by showing the best pieces from gallery owners all over the world.