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trending_up market calendar_today Wednesday, May 13, 2026

At Frieze New York, Business Plunks Along, Leonardo DiCaprio Alights

At the VIP opening of Frieze New York, collectors were present but subdued, with galleries presenting modest displays and sales proceeding at a sensible, sedate pace. Despite the lack of urgency, business has improved since last year, buoyed by upcoming top-tier auctions. Thaddaeus Ropac confirmed four early sales, including a George Baselitz canvas for €1.4 million and an Alex Katz work for $400,000. David Zwirner’s booth of Joe Bradley paintings was among the buzziest, with all works on hold by early afternoon, while Cindy Sherman photographs at Hauser & Wirth sold steadily. Leonardo DiCaprio made visits, and Kelly Sinnapah Mary’s paintings at James Cohan Gallery sold out, the largest to a museum.

This matters because Frieze New York, now in its 14th year, reflects a shifting art fair landscape where discovery and urgency have waned, replaced by a more dutiful, discourse-driven atmosphere. Advisors note that while the fair is no longer a "must-see" for some collectors, it remains an important hub for connections and conversations. The return to heritage painting and historical consciousness, as noted by advisor Erica Samuels, signals a broader market trend away from chasing novelty toward established artistic values. The fair’s role in the global art calendar is being redefined, even as top-tier sales continue.