Artists attending the fair were also quick to comment on the potential it offers to expand their markets beyond the local art community. Taiwanese artist
was particularly excited by the international crowd, hoping that visitors could take the opportunity to learn more about Taiwan and young artists who are under the influence of freedom and democracy. Wu, the Taiwanese artist who sold out Galerie du Monde’s booth, and who divides his time between Taipei and Berlin, said this process of education is his generation’s responsibility.
“The younger generation has more international exposure, we all know we have to open the market to the world and bring new energy in,” he said.
UBS Wealth Management Taiwan CEO Dennis Chen explained that there is no lack of wealthy and well-travelled entrepreneurs in Taiwan, but compared to other places like Hong Kong, Singapore, or Shanghai, Taiwan does not appear as advanced, and foreigners often find Taiwan’s identity confusing.
“That’s why an event that brings the rest of the world to Taiwan will make a difference,” he said.
The positive results during the fair last week had some dealers already looking ahead to Taipei Dangdai’s second edition. Galerie du Monde’s Scholle put it simply: “The fair has the potential to be the most important fair in Asia outside of Art Basel in Hong Kong.”