Lisbon rising: a global art hub emerges from crisis
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Loading... - Pedro Lopez
- 17 Feb 2023
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Lisbon is building a very strong case for getting on the list of global contemporary art hubs. After a deep economic recession, Portugal is finally emerging from the doldrums; the coastal country is not only opening up towards southern Europe, but is also reaching out again across the globe.
Investors from Western Europe and new businesses are taking advantage of the low property prices and lenient tax regime (and surely the sun and sea, too), helping to kickstart the economic recovery. And this is not simply financial good news: the art scene in Lisbon – Best City in this year’s Wallpaper* Design Awards – has emerged in the wake of the country’s economic crisis.
The MAAT (Museum for Art, Architecture and Technology) opened its doors ten months ago as a public platform for local and international artists and curators; new galleries are being established; international dealers are opening branches in the capital and the affordable property is also a magnet to artists setting up homes and studios; in addition, the Spanish art fair brand ARCO strategically launched a Lisbon edition last year to take advantage of the country’s financial recovery. Read More…
