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how much should an art fair cost 2639061

Frieze, the international art fair group, has been sold to Ari Emanuel, the Hollywood power broker who previously owned it through Endeavor. Emanuel acquired Frieze via a new, unnamed company from his former entertainment conglomerate, which was recently taken private by Silver Lake. The deal, valued at approximately $200 million according to sources, includes all seven fairs, Frieze magazine, and the No. 9 Cork Street exhibition space. Simon Fox will remain CEO. The sale comes just days before Frieze New York’s 2025 edition and follows months of speculation about the fair's future ownership.

‘It’s much more extreme’: US institutions and artists enter a new culture war

Since President Donald Trump took office, his administration has rapidly dismantled parts of the U.S. cultural infrastructure through executive orders and the Department of Government Efficiency (DOGE), led by Elon Musk. Key federal funding bodies—the National Endowment for the Humanities (NEH), the Institute of Museum and Library Services (IMLS), and the National Endowment for the Arts (NEA)—have faced staff cuts, grant cancellations, and threats of further reductions. Trump has also replaced leadership at the Kennedy Center and signaled similar moves against the Smithsonian Institution, while DOGE visited the National Gallery of Art to discuss its legal status. Arts organizations and advocates are scrambling to assess the damage and find alternative funding.