British Art Fair finds a new home and new investors
The fair, which specialises in Modern and Post-War British art, was acquired this week by Robert and Johnny Sandelson, who have ambitious plans to breathe new life into the event and to build the brand globally.
The brothers have a long association with art and have dedicated the 2018 fair to their late father Victor, who was both a collector and arts journalist, and their mother Bernice who ran Montpelier Studio and exhibited at the very first fair in 1988.
The deal is the latest in a series of large transactions in the art market including WME-IMG’s investment in Frieze, and the acquisition of a majority stake in Masterpiece London by MCH Group, the parent company of Art Basel.
The Sandelsons’ first initiative has been to secure a permanent home for the fair within the world-famous Saatchi Gallery which occupies an entire 70,000 sq. ft. building in London’s Chelsea.
Robert Sandelson said that the revamped fair would continue to be priced competitively against other major fairs.
The fair will keep its focus on quality British Art but will be more flexible in its datelines. He said: “The gallerists may be of any age or nationality, but the art will only be British.”
The fair will also offer dedicated single artist projects in the generous spaces available at the Saatchi Gallery.
The Sandelson brothers also have plans to encourage participation by younger galleries and to take the fair to New York where interest in British art remains high.
Nigel Hurst, gallery director and chief executive of the Saatchi Gallery, said: “We’re delighted to be working with the British Art Fair and helping them provide the high-profile platform British artists and their galleries deserve at the Saatchi Gallery this September.”
The news has been welcomed by leading London art galleries including Richard Green, Jonathan Clark Fine Art and Offer Waterman.
Jonathan Green of Richard Green said: “The move to the Saatchi Gallery brings the fair right to the doorstep of many of our collectors who live in the Chelsea area. It's a smart initiative which will benefit both buyers and sellers, and we will certainly be there in September.”
British Art Fair founders Gay Hutson and Angela (Bunny) Wynn said they were delighted to hand over to the Sandelsons.
“We’ve spent 30 years building the reputation of British art, but we are happy to pass on this responsibility to the Sandelsons who have a fresh energy to take the fair forward for another 30 years,” they said in a joint statement.
They added: “We are very grateful to all our exhibitors who have made the fair what it is today and are confident it will be in very safe hands. We are in fact continuing as consultants for the next couple of years, so we will not be stepping down just yet.”
Published: 06 February 2018