A record number of international exhibitors will participate in an art fair that will be held at the Taipei World Trade Center this month, the organizers said Wednesday. Compared to last year when Art Taipei attracted 43 foreign exhibitors, this year more than half of the 100 exhibitors will be from abroad, the Taiwan Art Gallery Association said. 'In addition to the 53 overseas galleries that will be represented at the exhibition, we have, for the first time, invited about 60 international collectors to visit Taiwan for the fair,' said vice chairman of the association Richard Chang. One of the highlights of the fair will be the exhibition of internationally famous pieces such as Cai Guo-Qiang's gunpowder on paper work titled 'Flora' and valued at US$800,000, the association said. Zao Wou-Ki's watercolor painting 'Sans Title', valued at 80,000 euros will also be on display, it said. The exhibition will be divided into six sections -- Art Galleries, Mega Contemporary, Ela-Video, Art Taipei PHOTO, Made in Taiwan--Young Artist Discovery and Art Media. Art Taipei PHOTO is a new section that will display contemporary works by Taiwanese photographers, said Joanne Chen, marketing director of the association. It will include the work of award-winning artists such as Shen Chao-liang whose piece 'Stage' will be on display, and the work of the winners and finalists of the 2010 Sony World Photography Award, she said. In the video art section, award-winning curator Antoanetta Ivanova of Australia has been invited to serve as guest curator and will present digital and moving image artworks created by Australian artists. 'Art Taipei has built a good reputation in Asia, and we expect to stage a high quality show that would allow the many galleries and collectors to gain a better understanding of the development of art in Taiwan,' Chang said. Last year, sales at the fair amounted to NT$460 million, which was good considering there was a recession, Chang said. The fair is being organized by the Council for Cultural Affairs, the Taiwan Art Gallery Association and the Taiwan External Trade Development Council and will be held August 20-24 at the Taipei World Trade Center. 