TEFAF (European Trade Fair of Fine Arts) has announced a new global control policy that will replace artists for the sale of art objects and auction house experts on their scrutineers' boards with consultants who are less dependent on the market.
The Executive Committee announced a major change in a short press release that described a potential new cohort of control experts as "academics, curators, conservatives, nature conservation scientists and independent scholars."
In addition to the reports, Nanne Dekking, Chairwoman of the TEFAF Executive Board, issued the following statement:
"As a global organization, we regularly review our processes to ensure that we remain the most trusted sales platform in the international market. As such, we have introduced a global control policy that is consistent across our trade fairs and meets the high standards we have set. policy change, TEFAF will say goodbye to a number of experts who have been loyal to the organization for many years, and on behalf of the Board of Directors, I would like to note immense gratitude to all those who have provided TEFAF with their support by sharing their time and knowledge so generously.
The company announced it will only take five days after the weekend of the New York trade fair, which was held in late October.
First in 1988, TEFAF has become one of the most critically acclaimed art fairs in recent years, primarily because of its uniqueness as a place of discovery and unexpected pairs. It comes as other big festivals, like Frieze, can not give praise to scientists despite huge investments in curatorial and event programming.
And for some time, the industry has been struggling with constant speculation about how sustainable the current art model is, because galleries with blue chips monopolize the market while small and medium galleries are coming. In September, Art Basel even introduced a new price structure to help subsidize the costs of their fairwith for younger galleries. (In April, gallery guru David Zwirner suggested something similar to a "tax" in larger galleries presenting at art fairs.) Recently, however, the mother company Art Basel quietly announced that it would have to avoid investing in regional fairs such as Düsseldorf , Indie Fine Art Fair and Singapore Art SG. This report came after a tense summer when Art Basel CEO René Kamm suddenly resigned in August. The trip came after Swatch's controversial departure from the Baselword, considered one of the world's leading fairs.
The TEFAF report suggests that the company is likely to try to consolidate its brand as a critically acclaimed industry outfit, while at the same time raising the reputation of authority and ethical antique management, a market sector that is often accused of inappropriateness and caution.