"The money's not flowing. If you speak to the people in the business, they're exhausted, they're demoralized, the energy is not there because the business isn't there either. This sentiment from collector-dealer Stefan Simchowitz captured the market's struggles before Frieze, reflecting widespread fatigue among art professionals facing reduced sales and economic pressure."
"The art world is still able to take over the city. Los Angeles was waiting for this moment. Blue-chip European dealer Thaddaeus Ropac's observation highlighted the city's capacity to host major art events and attract international participants, suggesting underlying potential despite recent market difficulties and closures."
"The city was abuzz with art events, high and low. A boutique trade show, Post-Fair, took over a decommissioned 1930s post office in Santa Monica, and Felix returned to the poolside cabanas at the Roosevelt Hotel. A former 99 Cents Only Store on Wilshire Boulevard turned into a pop-up art show, demonstrating the diversity and creativity of Los Angeles's art programming."
Los Angeles's art market faced significant headwinds following the pandemic boom, with out-of-town galleries closing and local dealers struggling amid reduced spending and demoralization. Questions arose about whether the city could establish itself as a major art capital. However, Frieze Los Angeles's arrival revealed a vibrant scene with numerous concurrent events spanning high and low culture. Trade shows, gallery dinners, charity auctions, and private parties filled the city, attracting collectors and art world participants. The convergence of art events, favorable weather, and active nightlife created palpable excitement. Prominent dealers noted the art world's continued ability to mobilize and energize Los Angeles, suggesting the city's art aspirations remained viable despite economic uncertainties.
Read at Artnet News
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