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Lagos art fair defies macroeconomic headwinds to reach double figures – The Art Newspaper

November 5, 2025
in NFT
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Artwork X Lagos, West Africa’s main worldwide artwork honest, marks its tenth version this month beneath the theme Imagining In any other case, No Matter the Tide. Reflecting on a decade of inventive development in Lagos, Tokini Peterside-Schwebig, the honest’s founder, says the theme invitations artists to examine a extra collective future, each at dwelling and throughout the globe.

“It speaks to the expertise of a metropolis like Lagos, and its origins as a land of mangrove—a tree that’s synonymous with resilience and flexibility,” Peterside-Schwebig tells The Artwork Newspaper. “The town has taken on these traits in methods which are much less apparent to the undiscerning eye.”

Like its dwelling metropolis venue, Artwork X Lagos has demonstrated appreciable resilience. It has reached its tenth version this 12 months regardless of enduring financial volatility, a Nigerian foreign money disaster, the Covid-19 pandemic and a normal softening of the artwork market. Peterside-Schwebig recognised the artwork honest potential of Lagos early on; town, she says, merely wanted “a serious catalyst and injection to carry it to the fore within the nationwide consciousness”.

Phenomenally gifted artists have been working right here for many years

She provides: “There was no scarcity of expertise amongst artists within the artwork scene. Nigeria has had phenomenally gifted artists working within the nation for quite a few a long time. I needed to construct this bridge that will carry collectors, artists and curators to expertise what was occurring in Nigeria and to expertise the remainder of Africa on dwelling soil.”

Ecosystem energiser

The honest has grow to be precisely what she hoped it will be, she says, a platform energising and amplifying the area’s artwork ecosystem. Every year, Artwork X Lagos welcomes between 10,000 and 12,000 guests to the Federal Palace Lodge, a landmark venue greatest generally known as the positioning the place Nigeria’s Declaration of Independence was signed. Since its debut in 2016, the honest has helped domesticate a wave of recent collectors, fuelling the expansion of economic galleries throughout town.

Right now, Artwork X Lagos unfolds alongside a flurry of satellite tv for pc exhibitions and public programmes—an enlargement Peterside-Schwebig welcomes. Including to Nigeria’s cultural momentum this 12 months is the anticipated public opening of the Museum of West African Artwork (MOWAA) in Benin Metropolis this November. The museum campus has been constructed on the ruins of the traditional Benin Metropolis, and surviving architectural options corresponding to partitions and gates have been built-in into the brand new facility.

Deeper engagement

For its 2025 version, Artwork X Lagos will function 15 exhibitors. Eleven of them hail from Lagos, with the remaining 4 galleries travelling from Uganda, Cameroon, Ghana and the UK. In earlier years, the honest hosted almost twice as many exhibitors, however since 2023 the organisers have deliberately streamlined the choice in response to ongoing financial pressures and a slowdown within the world artwork market. In line with Peterside-Schwebig, the honest’s new slimmed-down format provides contributors higher visibility and permits them a deeper engagement with guests.

Regardless of the continued gentle gross sales worldwide within the artwork market, with works from Africa significantly affected, Peterside-Schwebig is optimistic about gross sales, thanks partly to a strengthening of Nigeria’s foreign money, the naira. Trying forward, her purpose is for the honest to develop and adapt, not solely serving the individuals of Lagos and Nigeria but in addition positioning itself as an important assembly level for these invested in African artwork and its diaspora.

“I hope that once we look again ten years from now, we’ll see the very actual influence this platform has had on the state, future and world potential of artwork from Africa,” she says.

• Artwork X Lagos 2025: Imagining In any other case, No Matter The Tide, Lagos, Nigeria, 6-9 November



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Tags: artDefiesDoublefairFiguresHeadwindsLagosmacroeconomicNewspaperReach
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