Since the idea was first announced in March, news had gone quiet on a possible ‘TEFAF Beijing’, a collaboration between ‘TEFAF Maastricht’ and Sotheby’s Joint Venture in Beijing with GeHua.
The proposal of the new fair in China
divided opinion between TEFAF Maastricht exhibitors
and it was announced by TEFAF last week that "a high-end
art fair, as presently envisaged, in Beijing is not viable at the
According to a statement released on
December 12, the decision was made "reluctantly" at a meeting of
the Executive Committee and the Board of Trustees of TEFAF
Maastricht last week.
Over the months since March, TEFAF,
aided by Sotheby's, had drawn up a "detailed proposal for
exhibitors to consider, which had the support and co-operation of
the Chinese authorities and fulfilled all the local
However, this was evidently not enough to
persuade a critical mass to commit to the idea.
The statement continued: "Although the art
market in China is growing rapidly and there is considerable belief
in its potential, the feedback from many dealers indicates that the
majority feels that exhibiting in mainland China is something that
they would consider at a later date.
"While the interest in and the appetite for
Western art is undoubtedly growing, there is a belief that the
market for many of the specialisations represented at Maastricht is