Japan is trying to lure a world-class art fair to Tokyo with tax incentives and a big open art space. Will the gamble pay off?
Agency for Cultural Affairs inviting international art fair organizers to hold an event in Tokyo, possibly as soon as 2025,The agency is looking at the National Art Center in Tokyo , one of the largest art institutions in Japan, as a potential fair site. NACT, which is in the Minato Ward of Tokyo, does not have a permanent collection, so its expansiveNeither NACT nor Japan’s Agency for Cultural Affairs was immediately available to respond to Artnet News’s request for comment.
Last year, Pace president and CEO Marc Glimcher predicted that the easing of tax laws could bolster Japan’s position on the international art scene,If Japan truly reopens, it has the potential, once again, to become one of the centers of art market in Asia.” He added that Pace is “considering” opening a location in the country and was already at “some level of conversations.”
But there have not been any further developments on a Pace location in Japan, a gallery representative confirmed to Artnet News.
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