Oct 2, 2026 · 41 min · 7 segments
This week, Georgina and Tom dip their feet into the massive topic of the art market in Latin America. They are joined by Maria Sancho-Arroyo, art market specialist, lecturer, and author of ¿Inversión…
Georgina AdamHostAnd I don't know whether it might be worth turning to Spain because you already mentioned that there were some sort of links to Spain.
But I think maybe just in the context of how, when you're looking at the art markets in various South American countries, you often find that there are these islands of very intense activity that are actually not in the countries themselves, but are rather in Miami or in Madrid, for example.
I just wondered if you could explain a little bit about that dynamic and why that's happened.
Before we go into that, I would like to talk about the geographical situation of the market.
So we have the Americas and then we have Mexico that geographically is in North America.
What I've noticed is that Sonamaco and the Mexican fairs look to the north.
To North America, you go to Sonamaco and you have many galleries and collectors from the United States and some from Europe, but a lot from the United States.
Buenos Aires, I haven't been to that fair, but what I heard from many people there is that it's the same.
It's very much looking into Argentinian collectors and Argentinian galleries.
Miami is where the whole of Latin America goes because, I mean, many of them have houses there.
Many buy there and leave the artworks there because importing into many Latin American countries is expensive.
complicated, inexpensive, and some of the taxes for import are, they can be over 50%.
And I think that explains why collections I visited were mostly Colombian artists.
And I don't know whether it might be worth turning to Spain because you already mentioned that there were some sort of links to Spain.
But I think maybe just in the context of how, when you're looking at the art markets in various South American countries, you often find that there are these islands of very intense activity that are actually not in the countries themselves, but are rather in Miami or in Madrid, for example.
I just wondered if you could explain a little bit about that dynamic and why that's happened.
Before we go into that, I would like to talk about the geographical situation of the market.
So we have the Americas and then we have Mexico that geographically is in North America.
What I've noticed is that Sonamaco and the Mexican fairs look to the north.
To North America, you go to Sonamaco and you have many galleries and collectors from the United States and some from Europe, but a lot from the United States.
Buenos Aires, I haven't been to that fair, but what I heard from many people there is that it's the same.
It's very much looking into Argentinian collectors and Argentinian galleries.
Miami is where the whole of Latin America goes because, I mean, many of them have houses there.
Many buy there and leave the artworks there because importing into many Latin American countries is expensive.
complicated, inexpensive, and some of the taxes for import are, they can be over 50%.
And I think that explains why collections I visited were mostly Colombian artists.
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