Through Art Market & You, Art From Us provides you Analysis, Opinion and Factual Reports regarding the current on-goings of the Global Art Market. In this article, we explore the rescheduling of RIBOCA.
Our Director Divvya Nirula presents reports from the international art market with the view to assist our collectors, investors, and all lovers of art.
The novel Coronavirus (COVID-19) broke out in China towards the end of 2019. With Wuhan as its ‘epicenter’ the virus has spread across the globe. First shutting down corporations and cities, and subsequently entire countries. Life as we know it has ceased to exist. People are locked away in their homes. Consequently, the stock market is in limbo. This has brought about a virtual crash in the global economy. Further, governments have imposed country-wide lock downs. Medical professionals are running helter-skelter to contain the pandemic. Right now even the availability of basic necessities is in question. Therefore, the luxury sector of course takes a massive hit.
The team and I have thus compiled a list of rescheduled and cancelled art events. These events are from across the globe. Coronavirus has certainly caused a great deal of damage in the art world.
The Riga International Binenale of Contemporary Art is in its second year. Following guidelines issued by WHO and other international authorities, it had been postponed. Initially, the biennale was scheduled from 14th May onward. However, since COVID-19 is now a pandemic, possibilities for digitisation and in consideration. The new biennale format is yet to be confirmed. As organisers are still figuring out the logistics of it all.
We laud all those in the art world that have taken such a stand. At this time, health and safety come first. To be cognizant of this despite the financial outcome takes courage.
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