As the global art market continues to slump, major institutions and fairs worldwide are struggling to stay afloat.

In late July, Taipei Dangdai announced the cancellation of its forthcoming 2026 edition, stating that it would reassess the fair’s future direction. The Taiwanese art event held its sixth edition in May this year, with the number of participating galleries plummeting by 40 percent compared to the fair’s debut in 2019. Mega international galleries and several key local players were absent, and while exhibitors reported a major turnout from the local public, fewer overseas collectors showed up, and the overall purchasing momentum had weakened significantly.

The 2025 edition also marked the departure of co-director Robin Peckham, who has been at the helm since the fair’s inception. Launched in 2019, the Taiwanese art fair was one of three regional art fairs in Asia organized by The Art Assembly, the other two being Art SG in Singapore and Tokyo Gendai in Yokohama. In a statement, organizers maintained that they will conduct a “strategic re-evaluation of the fair, which will involve a close examination of the model, timing, scale, and format of any future activities.”