Affordable Art Fair records $5.3 million sales and 22,000 visitors
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The Affordable Art Fair has become a place of friendship and community for gallerists and customers over the last 14 years.
PHOTO: COCO MA
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SINGAPORE – The Affordable Art Fair reported record-breaking sales of $5.3 million and 22,000 visitors for its latest edition.
Celebrating its 15th anniversary in Singapore,
Sales in 2024 topped 2023’s $5 million
These numbers reflect year-on-year growth for the fair, which has built a reputation since its first edition in 2010 for accessibility and affordability.
Its healthy numbers are a bright spot in an otherwise slow-moving art market in Singapore in 2024, which has seen some art pieces failing to sell at the high end of auction estimates.
The fair shared statistical breakdowns which reflected its success as an easy entry point for first-time art buyers.
In a statement, the fair said it saw a growth in first-time engagement with 46 per cent of visitors attending the fair for the first time, of which 21 per cent purchased art. Overall, 24 per cent of visitors bought art, up from 18 per cent in 2023.
Fair director Alan Koh added in the statement: “The fair has always been about community, connection and bringing art into everyday life. This year’s success reaffirms our mission and drives us to envision even more impactful editions in the future.”
