Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Tiwani Contemporary, Beloved Gallery with a Focus on Art of the African Diaspora, Closes After 15 Years

May 28, 2026

SK Hynix, Micron Cross US$1 Trillion Market Cap Threshold

May 28, 2026

No-Bid Lincoln Memorial Reflecting Pool Contract Swelled to $13.1 M. With “Inflated” Profit Margin, as Leak Problems Persist

May 28, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

Milan’s contemporary art credentials further bolstered by arrival of Paris Internationale – The Art Newspaper

News RoomBy News RoomApril 7, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

The international art trade has been eyeing up Milan and the surrounding region for some years, and now Paris Internationale arrives in the Italian business capital later this month. The ultra-trendy non-profit art fair has announced the 34-strong gallery line up of its inaugural Milan show, which includes newcomers Jocelyn Wolff from Paris; kaufmann repetto from Milan and New York; the Milanese dealer Luisa Delle Piane; and Sylvia Kouvali, who has spaces in London and Piraeus.

Nerina Ciaccia, the co-founder of Paris Internationale and owner of the Paris and Milan Galerie Ciaccia Levi, says in a statement that Milan brings together “several qualities that resonate deeply” with the French fair including “a strong culture of collecting, a long-standing tradition in contemporary art and an exceptional proximity between art, design, architecture and production”. She adds that the decision to launch in Milan “was not automatic or opportunistic, but a considered choice, linked to a specific phase in the city’s cultural maturity and ecosystem”. The first edition in Milan coincides with the established art fair Miart and the world’s leading design fair, Salone di Mobile, which all fall under Milan Art Week.

Milan has been enjoying a relative boom. Last September, the Austrian dealer Thaddaeus Ropac opened a gallery in the city, just two weeks after the Italian government implemented a reduced 5% VAT on the sale and import of art—the lowest rate in the EU. At the time, the dealer told The Art Newspaper that he had also been lucky with the UK government’s abolishment of the non-dom status, meaning UK residents with permanent homes elsewhere must now pay tax on their worldwide income. The move has caused an influx of millionaires from London to Milan attracted by generous tax-break schemes for expats, which initially allowed qualifying foreign residents to pay a flat rate of €100,000 in tax each year to cover all overseas income. This has now risen to €300,000 a year.

Ben Brown is also rumoured to be opening in Milan and Herald St gallery opened in Bologna at the beginning of the year. Hauser & Wirth, meanwhile, has opted for the south of Italy, acquiring the Palazzo Forcella De Seta in Palermo, Sicily earlier this year, which is now undergoing extensive renovations. Los Angeles dealer David Kordansky opened in Venice in 2022 following Victoria Miro, who launched in the city in 2017. Thomas Dane was an early adopter, opening in Naples in 2018.

International attention aside, Italy—and particularly northern Italy—has a long-established pool of collectors that have sustained the domestic market, which remains small at 1% of global trade (by comparison France represents 8% and the UK 18%). Well-known names to have opened museums in Milan include the fashion designer Miuccia Prada, the pharmaceutical entrepreneur Luigi Rovati and Pirelli boss Marco Tronchetti Provera. Many more are said to operate under the radar, with an estimated 20 foundations in Milan and Turin alone, many of them in the fashion and related industries.

Milan Art Week is notable for bringing together “an exceptional mix of local and international collectors”, as Ciaccia puts it. “For galleries and artists, this creates meaningful points of entry into collections and professional networks, within an environment that supports experimentation, risk-taking and sustained engagement rather than short-term visibility.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Tiwani Contemporary, Beloved Gallery with a Focus on Art of the African Diaspora, Closes After 15 Years

No-Bid Lincoln Memorial Reflecting Pool Contract Swelled to $13.1 M. With “Inflated” Profit Margin, as Leak Problems Persist

French Filmmaker Romain Gavras Is Turning the $102 M. Louvre Heist Into a Movie

French project uses AI to visualise how climate change will affect heritage sites – The Art Newspaper

Fracas Over Appointment of Spanish Art Center Director, A Film About the Louvre Heist, and More: Morning Links for May 28, 2026

Tiwani Contemporary, gallery dedicated to African art, ceases operations after 15 years – The Art Newspaper

Art Basel Paris Names 206 Exhibitors for This Year’s Edition, the First Under a New Director

Rediscovered Leonora Carrington painting to go on show for the first time at London’s Freud Museum – The Art Newspaper

Art Basel Paris announces more than 200 exhibitors for its 2026 edition.

Recent Posts
  • Tiwani Contemporary, Beloved Gallery with a Focus on Art of the African Diaspora, Closes After 15 Years
  • SK Hynix, Micron Cross US$1 Trillion Market Cap Threshold
  • No-Bid Lincoln Memorial Reflecting Pool Contract Swelled to $13.1 M. With “Inflated” Profit Margin, as Leak Problems Persist
  • Cameco Resumes Full Production at Key Lake and McArthur River Operations
  • French Filmmaker Romain Gavras Is Turning the $102 M. Louvre Heist Into a Movie

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

SK Hynix, Micron Cross US$1 Trillion Market Cap Threshold

May 28, 2026

No-Bid Lincoln Memorial Reflecting Pool Contract Swelled to $13.1 M. With “Inflated” Profit Margin, as Leak Problems Persist

May 28, 2026

Cameco Resumes Full Production at Key Lake and McArthur River Operations

May 28, 2026

French Filmmaker Romain Gavras Is Turning the $102 M. Louvre Heist Into a Movie

May 28, 2026

French project uses AI to visualise how climate change will affect heritage sites – The Art Newspaper

May 28, 2026
Facebook X (Twitter) Instagram
© 2026 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.