Masterpiece London to expand internationally as MCH Group buys majority stake
Guests leaving the preview evening of Masterpiece London 2017. Photograph by Andy Barnham
MCH Group, headquartered in Basel, Switzerland, produces and operates about 90 exhibitions, including Art Basel shows in Basel, Miami Beach and Hong Kong, alongside the MCH Design and Regional Art Fairs (including Art Dusseldorf, India Art Fair and Art Miami), and the newly launched car fair, Grand Basel.
Art Newspaper reports: MCH Group has acquired a majority stake (67.5%) in Masterpiece London, the latest in its rapidly expanding portfolio of art fairs. The art, antiques and design fair is the first London event and first cross-discipline fair to be bought by the Basel-based company, which has until now focused on Modern and contemporary art.
In a press release by Masterpiece London, René Kamm, CEO of MCH Group, commented: "We are impressed by the unique concept of Masterpiece London and its successful development in the past few years. Masterpiece London is the perfect match for MCH Group’s 'Global Collector Events Strategy'. It unites collector groups from different sectors and holds great development potential. MCH Group is setting out to support the fair in its further development, enabling them to expand their position to new regions. It is our common objective to strengthen our position in the buoyant global collector market calling for new collector events."
Masterpiece London’s ninth edition will take place from 28 June to 4 July 2018 at the Royal Hospital Chelsea.