Venice Biennale posts record surplus of €2.8 million for 2019 Art Edition
The Venice Biennale announced a net profit of €2.8 million from the 2019 Art Edition, overseen by Ralph Rugoff, bringing total reserves to around €5.6 million. The overall production value increased from €33 million in 2007 to €48 million in 2019, marking a 45% rise. Ticket sales soared by 125%, reaching €11.7 million, which accounted for 60% of expenses. A budget of €4.5 million was dedicated to ongoing activities. Outgoing President Paolo Baratta highlighted enhancements in organizational structure and visitor engagement. The 2019 Italian Pavilion was €120,000 under budget. Cecilia Alemani has been appointed as the director for the 2021 Art Biennale, with Roberto Cicutto as president. The 2020 schedule features events from May 23 to October 4, all financially supported for continuity.
Key facts
- 2019 Art Biennale surplus of €2.8 million
- Net reserves reach €5.6 million
- Production value up 45% from €33M (2007) to €48M (2019)
- Ticket revenue up 125% to €11.7 million, covering 60% of costs
- €4.5 million allocated to permanent activities (ASAC, College, Educational)
- Italian Pavilion €120,000 under budget
- Cecilia Alemani appointed director of 2021 Art Biennale
- Roberto Cicutto appointed president for five years
- 2020 calendar includes Architecture, Dance, Theatre, Film, Music, and Children's Carnival
Entities
Artists
- Cecilia Alemani
- Roberto Cicutto
- Milovan Farronato
- Ralph Rugoff
- Paolo Baratta
- Hashim Sarkis
- Marie Chouinard
- Antonio Latella
- Alberto Barbera
- Ivan Fedele
Institutions
- La Biennale di Venezia
- Artribune
- ASAC
- Biennale College
- Biennale Educational
- Padiglione Italia
Locations
- Venice
- Italy