Tag #Madrid Art Market

What is the significance of Arco's near-100,000 attendance and the resulting high sales, considering Spain's economic growth and Madrid's position in the global art market?

The Arco art fair in Madrid attracted nearly 100,000 visitors, exceeding expectations post-pandemic. This success is linked to Spain's robust economic growth (3.2% in 2024) and a strategic shift by Arco director Maribel López, refocusing on market connoisseurs while maintaining broad appeal. High net-worth individuals from Central and South America, many new art buyers, have significantly contributed to the fair's success, resulting in numerous sales.