"Sales at the latest edition of Sydney Contemporary, Australia's largest contemporary art fair, are down for the fourth year in a row. Sydney Contemporary 2025, held from 11 to 14 September, turned over A$16m (around US$10.5m) in art sales across its four days (September 11-14), according to its event organisers. despite being the largest-ever edition, with 116 exhibitors and almost 500 artists from Australia and around the world."
""The market everywhere is changing," Etchells says. For example, he said many sales were tending to be clinched in the couple of weeks after an art fair has closed up and gone home, and these sales are not included in the totals. Case in point: the biggest price tag at the fair was A$1.5m, for a painting by Emily Kam Kngwarray, which hung in the booth of the gallery Utopia Art Sydney."
"While many galleries at the fair reported a packed and vibrant event, Etchells says the slower sales were due to the greater "cautiousness" being witnessed in the marketplace. According to Etchells, younger generations of buyers have been attracted to the fair through the addition of a raft of galleries owned and run by new faces such as Sotiris Sotiriou of Coma gallery and Viktor Kravchenko and"
Sydney Contemporary 2025 generated A$16m in art sales across four days, marking a fourth consecutive annual decline. The fair was the largest edition with 116 exhibitors and almost 500 artists, and recorded 26,440 visitors. Previous sales were A$17.5m in 2024, A$21m in 2023, A$23m in 2022, and A$18m in 2019; the fair moved online in 2020 and 2021. Organisers attribute slower sales to greater buyer cautiousness and shifting market timing, with some sales finalised after the fair closed. The top price was A$1.5m for an Emily Kam Kngwarray painting currently under consideration at a collector's home. Younger buyers have been drawn by galleries run by new operators.
Read at The Art Newspaper - International art news and events
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