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Sotheby's News: Sotheby's Art Gallery Moves to Brazil

Sotheby's News, Sotheby's Auction, Sotheby's S2, Sotheby's Brazil

Richard Princes 2009 Painting (Untitled) Cabo After Dark

Art Rio, a splendid event fair that will compile some of the most dazzling displays of contemporary art, will take place from September 12th until the 16th of 2012 in the beautifully striking city of Rio de Janeiro, Brazil. This is all a part of the Sothebys brand broader initiative to expand its presence, especially now in Brazil. There clearly is no slowing down the Sotheby's brand. With our blog about the Sothebys Auction House selling The Scream for a record amount for a painting of close to $120 Million to the next blog about Sotheby's jewels at auction selling for almost $112 Million, exciting news is seemingly on the rise.

Now for Brazil, Sotheby's S2, known for being the brands global contemporary art gallery, has a permanent home in the Sothebys Auction House headquarters located in New York, and will be participating at Art Rio. The newly constructed S2 Gallery in Brazil was designed by Richard Gluckman, an architect who also hosts various shows that have a specific artistic focus on the contemporary.

Furthermore, a new office also opened just last year in So Paulo and there has been not only an increase in the amount of collectors in Brazil, but a heightened interest in contemporary art causing Sothebys to send more art for client events in the country than ever before. At the upcoming Art Rio fair, some of the more notable artists work that will be featured are the likes of Andy Warhol, Alexander Calder, Lucio Fontana, Richard Prince, and Anish Kapoor, along with more recent contemporary artists; Rudolf Stingel, Vik Muniz, and Ugo Rondinone. In addition, one piece to look out for will be Richard Princes 2009 Painting (Untitled) Cabo After Dark, which will be one of many tantalizing items for the many prospective buyers in attendance.

One stipulation with art in Brazil is that for imported pieces, there has been the issue of high import taxes being applied. However, Sothebys representatives have reached an agreement that will exempt those purchasing clients from the heavy Rio de Janeiro state ICMS tax during the time of the event.

So why Brazil in particular as a new hub for artistic enthusiasts? A country whose economy is certainly on the rise, Brazil also was recently the place that was honored with holding the most popular art show in the world, as experts agreed. This notable occasion was the showcasing of Dutchman M.C. Escher's graphic art works in Rio de Janeiro and has truly invigorated the artistic reputation in the country for the foreseeable future.

More Information: Arts Hub

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