The growing number of art fairs held globally in recent years has led to concerns the industry is beginning to suffer from "fairtigue". There are currently almost 300 art fairs annually, compared to less than 60 held in the year 2000, with professionals suggesting the industry has reached a tipping point of oversaturation, resulting in declining attendance levels. As some fairs close down, the survivors may stratify, seeking to appeal to specific clientele such as first-time buyers, locals, or members of the .0001 percent. In an interview with Art Basel magazine, curator and director of the Tate Modern Sarah Lucas said that she was concerned about the increasing numbers of art fairs, but added that it would be wrong for her organisation
The growing number of art fairs held globally in recent years has led to concerns the industry is beginning to suffer from "fairtigue". There are currently almost 300 art fairs annually, compared to less than 60 held in the year 2000, with professionals suggesting the industry has reached a tipping point of oversaturation, resulting in declining attendance levels. In an interview with Art Basel magazine, curator and director of the Tate Modern Sarah Lucas said that she was concerned about the increasing numbers of art fairs, but added that it would be wrong for her organisation