art market minute mar 2 2749604
Frieze Los Angeles has concluded with reports of strong sales, with some dealers noting higher transaction volumes than at Art Basel Miami Beach. This surge in activity was accompanied by a record number of satellite events, signaling a growing interest in alternative fair models and a localized boost for the Southern California art scene.
Market confidence appears to be trending upward as the industry shifts focus to London’s marquee spring auctions. Sotheby’s Modern and contemporary evening sale is set to lead the week with a 54-lot auction estimated to fetch at least $130 million, featuring significantly more inventory than the previous year.