Can foreign collectors & museums sustain Brazil’s art market?


Rio’s Olympics gave Brazil a temporary lift last month, but attention is now turning back to the country’s grim reality. In the seven years since winning the Olympic bid, Brazil has gone from commodities-fuelled boom to corruption-ridden burn-out.

Predictably, Brazil’s art market has stalled, and some galleries have reported their business down by a third. But the international reception of Brazil’s artists, most recently their prominence in the Tate Modern extension, “is a cause for celebration”, says Márcia Fortes, the director of Galeria Fortes Vilaça, in São Paulo. The gallery, like others, is relying on international sales until domestic confidence returns. This year, it is showing at eight art fairs abroad, instead of its usual five… Read more

Image: Rio 2016’s aquatics centre was completely covered by a work of art, a flexible tarpaulin mimicking tiles, by Adriana Varejão (Rio/Andre Motta)