PARIS : France has awarded one of the world's top contemporary art fairs to the company behind the Swiss Art Basel fair for a seven-year period, in a process criticised as"expropriation" by the local firm that had organised the event for the past 15 years.
RX France, which organised the annual FIAC contemporary art fair in Paris until last year, would continue to organise an annual international photography fair, the Reunion des Musees Nationaux said in a statement on Wednesday. RX France, which is part of the Anglo-Dutch trade and consumer events organisation group RELX , had no immediate comment to a Reuters query.
MCH, which also organises the Miami Beach and Hong Kong contemporary art fairs, said in a statement that Art Basel will bring its 50-year history of creating art fairs to the project.