Melbourne Art Fair generates $5,000,000 in revenue for artists

Art Press Release from Australia. Published by Rebecca Gabrielle Cannon on Tuesday 28 August 2012.

The Melbourne Art Foundation have reported that the 13th biennial Melbourne Art Fair had visitation of 27,000 and having generated in excess of $8 million in sales.

Approximately sixty percent of funds generated through sales are returned to living artists through their gallery, an estimated $5 million.