MCH GROUP, OWNER OF ART BASEL FRANCHISE, BUYS STAKE IN ART DüSSELDORF
MCH Group, the owner of Art Basel, announced that it has acquired a 25.1 percent stake in art.fair International, the organizer of Art Düsseldorf, Anny Shaw of the Art Newspaper reports. Marco Fazzone, the managing director of design and regional art fairs at MCH, said that the company plans to make Art Düsseldorf the “leading regional fair in Germany.”
Fazzone said that Art Düsseldorf will “remain autonomous” but will now have access to MCH’s “experience and network.” Majority shareholders, Andreas Lohaus and Walter Gehlen, said that Art Düsseldorf will become a “magnet for the entire art scene.” The regional art fair will be held from November 16 to November 19, 2017.
MCH also has a majority stake in the India Art Fair, which took place last week and is currently in discussions with SME London, the event company that stages the Sydney Contemporary, Art16, and ArtHK.
