MCH Group sells Art Düsseldorf stake to Sandy Angus and Tim Etchells
MCH Group has divested its 25.1% ownership of Art Düsseldorf to founders Sandy Angus and Tim Etchells, known for Art HK's inception in 2007. This share has been divided between Angus Montgomery Ltd and TFI Ltd, firms that also manage several art fairs including Taipei Dangdai and Sydney Contemporary. Walter Gehlen, Art Düsseldorf’s director, remarked that Angus and Etchells could enhance the fair's appeal to Asia-Pacific collectors. Angus aims to utilize these networks to elevate Art Düsseldorf while further engaging German galleries. This sale aligns with MCH Group's strategic focus on Art Basel and Masterpiece London, emphasizing their marketing objectives.
Key facts
- MCH Group sold 25.1% of Art Düsseldorf to Sandy Angus and Tim Etchells
- The stake was divided equally between Angus Montgomery Ltd and TFI Ltd
- Angus and Etchells founded Art HK in 2007, acquired by MCH Group in 2011 and rebranded as Art Basel Hong Kong in 2013
- Angus and Etchells also run Taipei Dangdai, India Art Fair, Art Central Hong Kong, Photofairs Shanghai, and Sydney Contemporary
- Art Düsseldorf director Walter Gehlen cited access to Asia-Pacific collectors as a benefit
- Angus expressed interest in acquiring MCH Group's shares in India Art Fair
- MCH Group is refocusing on Art Basel and Masterpiece London
- CEO Hans-Kristian Hoejsgaard emphasized developing integrated marketing expertise
Entities
Artists
- Sandy Angus
- Tim Etchells
- Walter Gehlen
- Hans-Kristian Hoejsgaard
- Cecilia Alemani
Institutions
- MCH Group
- Art Basel
- Art Düsseldorf
- Angus Montgomery Ltd
- TFI Ltd
- Art HK
- Art Basel Hong Kong
- Taipei Dangdai
- India Art Fair
- Art Central Hong Kong
- Photofairs Shanghai
- Sydney Contemporary
- Masterpiece London
- Art Basel Cities
- Art SG
- The Art Newspaper
- Artribune
Locations
- Düsseldorf
- Germany
- Hong Kong
- Taipei
- India
- Shanghai
- Sydney
- London
- Buenos Aires
- Argentina