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trending_up market schedule Nov 5, 2025 visibility 1 link 9 artists, 9 galleries

artissima art fair turin 2025 report 1234759650

Italy's largest contemporary art fair, Artissima, opened its 32nd edition in Turin's Oval Lingotto arena with 176 international galleries from 36 countries. The fair is the first major international art event in Italy since the government slashed VAT on art sales from 22% to 5% in July, a move long sought by galleries and dealers. Early sales included works by João Gabriel, Silvia Capuzzo, and Simon Pasieka, and the fair attracted top curators like Hans Ulrich Obrist and Massimiliano Gioni, as well as prominent Italian collecting families. However, some gallerists noted a lack of American collectors, echoing trends seen at Art Basel in Switzerland.

newspaper ARTnews open_in_new Read original

museum exhibitions schedule Dec 22, 2025 visibility 3 link 5 artists, 4 galleries

global reach and local appeal defined artissimas latest edition 2731247

Artissima, Italy's only contemporary art fair, closed its 32nd edition on November 2, 2025, at the Oval Lingotto Fiere in Turin, drawing 34,500 visitors and 176 galleries from 36 countries. Directed by Luigi Fassi for the fourth year, the fair ran from October 30 to November 2, featuring 63 monographic presentations and 26 first-time exhibitors. The edition introduced a new 5% VAT rate on artworks in Italy, awarded 13 prizes including the new Vilnius Residency Prize, and saw the Fondazione Arte CRT Acquisition Fund acquire 26 works for GAM Torino and Castello di Rivoli, marking its 25th anniversary. Special projects included "From Japan: Anonymous Art Project" and a film screening by Basim Magdy at Parco Michelotti.

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trending_up market schedule Nov 3, 2025 visibility 4 link 13 artists, 7 galleries

‘The government understands what is at stake’: Italian art world weighs in on tax cut at Artissima

The Italian parliament reduced VAT on art sales from 22% to 5%, the lowest rate in Europe, a move announced by Prime Minister Giorgia Meloni's government. The tax cut was celebrated at the 30th anniversary dinner of the Fondazione Sandretto Re Rebaudengo in Turin, where politician Federico Mollicone noted it had been over 30 years in the making. The contemporary art fair Artissima, holding its 32nd edition in Turin, became the first Italian fair to test the new tax policy. Italian dealers reported positive effects, including easier deal closures and increased sales to both Italian and European collectors, with some galleries experiencing their best opening day ever.

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trending_up market schedule Nov 4, 2025 link 3 artists, 2 galleries

newsmakers artissima director luigi fassi italy vat cuts 1234760054

Italy slashed VAT on art sales from 22% to 5% in July 2024, the lowest rate in the European Union, after two decades of lobbying by the Apollo Group. The tax cut took effect just before Artissima, Italy's largest contemporary art fair, which saw strong turnout and reported sales increases for many of its 73 Italian galleries, with prices ranging from $2,200 to nearly $20,000. ARTnews interviewed Artissima director Luigi Fassi about the impact of the new rate on the Italian art market and the broader cultural ecosystem.

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