MCH Swiss Exhibition (Basel) Ltd, a company owned by MCH Group – which also owns Art Basel – is acquiring a 25.1 percent holding in the German company art.fair International GmbH, the organiser of the new art fair ART DÜSSELDORF. The rest of the company will remain in the hands of the current proprietors, Andreas Lohaus and Walter Gehlen. ART DÜSSELDORF will take place for the first time from 16 to 19 November 2017.
Marco Fazzone, Managing Director of Design & Regional Art Fairs for MCH Group, said in a press release: “MCH’s participation in ART DÜSSELDORF constitutes a further step in the implementation of our strategic initiative for the worldwide expansion of a new portfolio of regional art fairs in important art locations.”
MCH Group’s participation in ART DÜSSELDORF is its second holding in a regional art fair, after its investment in the India Art Fair in autumn 2016. MCH Group is expanding its position in the art market by building up a portfolio of regional art fairs. MCH Group previously acquired the London-based ART 16, which it then suspended. MCH Group has the option of acquiring a majority stake in ART DÜSSELDORF.
9 January 2017
