Art Investment

This week in London will be held ninth Frieze art fair

new pavilions Model Art Fair Frieze. Architectural Bureau Carmody Groarke
Source: bloomberg.com

wealthy collectors gather in London for yart-Fair Frieze. This year's art event in London's Regent's Park will offer customers a work of art worth $ 350 million - which, by estimates of the insurance company Hiscox Ltd., 25 million less than in the past. Gambar VIP-show fair will be held tomorrow, October 12, and the main event will be held October 13-16.

Frieze - Europe's biggest commercial event of this kind, which are primarily the work of living artists. fair is sponsored by Deutsche Bank. the ninth Frieze art fair will take place after the recent falls in share prices on stock exchanges and a general concern about the debt crisis. There is a fear that against this background that may decrease the activity of large buyers, so the current Frieze is destined to become a litmus test for assessing the state of the art market. Dealers in anticipation: all interesting, hold out a demand for last year's level.

" Collectors are now more cautious, "- says the observations of London art consultant Tanya Bakrell Pos (Tania Buckrell Pos), whose clients include many Russian and Asian collectors." Some hope that [this year] prices could fall slightly. It no less interest to the Frieze remains the same: it is expected that the activity of buyers will be high "- encouraged by a specialist.

This year the fair will appear before visitors in a new way: architectural firm Carmody Groarke designed and built a number of temporary exhibition space (as opposed to a single "tent" of previous years). The number of galleries participating in the fair, compared to last year has not changed: they are still a bit greater than 170.

ChAK Chuck Close

Joel Source: bloomberg.com

New York Pace - one of the few galleries, which this year for the first time will participate in the Fair Frieze. The Manhattan gallery will offer job Chuck Close (Chuck Close), 1993 "Joel" for $ 5 million. In addition to Pace, debutants this year, will be Berlin and Paris Johnen Galerie Yvon Lambert.

One of the main lures for collectors at Frieze are the latest works of art at a price not exceeding 500 thousand dollars. In addition, a highlight of the upcoming trading week promises to be a sculpture. Thus, the London dealer Anthony Reynolds (Anthony Reynolds) will present a much smaller versions as well as monumental sculptures created no "White Horse" by the famous sculptor Marc Uollingera (Mark Wallinger): originally a huge horse figure planned to install in Ebbsfleet in Kent. Dealer company Hauser & Wirth presents the work of British sculptor Thomas Hausego (Thomas Houseago). His bronze statue of "hermaphrodite" worth 400 thousand dollars will appear in the Sculpture Park Art Fair.

TOMAS THOMAS HAUSEGO

Hermaphrodite Source: bloomberg.com
MARK MARK UOLLINGER
White Horse
Source: bloomberg.com

Another bronze sculpture - "The Phantom of humanity" hums Bhabhi (Huma Bhabha), who lives in upstate New York sculptor from Pakistan, will be offered to buyers in London dealer Stephen Friedman (Stephen Friedman) and costs about 250 thousand dollars.

Bloomberg emphasizes that the fair promise to actively express themselves American buyers. "My clients are impatient," - said art consultant from New York Heather Flow (Heather Flow). According to her, her clients are mostly interested in the work of 30 thousand dollars cheaper. They are passing on a straight road in the Frieze fair SUNDAY, where you can buy the work of beginners worth even less than 20 thousand dollars. Not all experts, however, equally confident in the prospects of the market's current work. Robert Reed (Robert Read) from working on the art market of the insurance company Hiscox considers as the most fashionable products of volatile and subject to speculation market segment.

solo exhibition will present a section of a fair, entitled Frame: it involving young gallery, created less than six years ago. In the ranks of Frame this year, 25 participants, 21 of which - novices. Among them are a number of galleries from South America, for example, Revolver Galería from Lima, Casas Riegner Gallery of Bogota, Ignacio Liprandi from Buenos Aires.

Specialized Fair Moniker, which last year attended About 10 thousand people, will provide customers works of street art. Among the current members - Le Basse gallery in Los Angeles and Able & Baker from Cologne.

Another specialized fair in the Frieze - Multiplied Contemporary Editions Fair. The event is dedicated to the lottery schedule, is supported by the auction house Christie's. Among the participants as veterans - Gallery Whitechapel Gallery and White Cube, and newcomers alike - Tristan Barbara Editions and Phaidon Editions.

Another interesting event - Fair Moving Image, devoted to video art. It will bring together 30 galleries, including the Taka Ishii of Tokyo, Ronald Feldman Gallery in New York and a gallery of LTD in Los Angeles.

Finally, a major event promises to be organized with the support of Charles Saatchi Gallery and Channel Channel4 show 50 young artists «New Sensations and the Future Can Wait» Square Bloomsbury near the British Museum. Among the participants Frances Lowe (Francesca Lowe), David Birkin (David Birkin) and Alistair Mackie (Alastair Mackie).

The following May Fair Frieze plans to open a branch in New York and the tenth year after the London fair is planned under the heading "Wizards offer buyers the works created before 1950 by famous artists.

Prepared Estrova Maria, AI

Source: artinvestment.ru


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