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'It's Exciting for People to Have That 'Wow' Moment': Collectors Snap Up Major Works by Dana Schutz and George Condo at Frieze New York


Dealers managed to do strong business on opening day at the pared-down Frieze New York.
May 5, 2021
A fairgoer uses her phone in the cafe during the first day of Frieze art fair. (Photo by TIMOTHY A. CLARY/AFP via Getty Images)
This is not a drill not-online, not-remote, fully inside, honest-to-god art fairs are back.
After 14 months of staring at images of paintings in digitally rendered booths, art-world VIPs lined up Wednesday morning at the Shed in Manhattan’s Hudson Yards district to enter Frieze New York.
This was by no means a foregone conclusion. Frieze, owned by the recently IPOed Endeavor, came close to scrapping its 2021 edition. (Plans for a scaled-back Los Angeles edition were indeed cancelled.) But thanks to rigorous safety protocols that prevent anyone from entering without proof of vaccine or a negative test not to mention a head-scratching requirement for shipped works to be isolated for three days the fair did indeed go off, with everyone w ....

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Art Industry News: Works by Rising Stars Fetch as Much as Monets as the Art Market's Speculative Frenzy Accelerates + Other Stories


Auctioneer Henry Highly at the London studio where he led a transcontinental sale. Photo courtesy Phillips/Mediakite.
Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Thursday, December 10.
NEED-TO-READ
Pantone Unveils Colors of the Year – The Pantone Color Institute has identified two complementary hues as the 2021 color of the year, Ultimate Gray and Illuminating (a sunny yellow shade). The colors were selected to send an uplifting message about emerging from the fog of 2021 into a new era of optimism and brightness. (To us, the combination looks more like a meh workout outfit, but who are we to judge?) This is only the second time that Pantone has chosen a color combination instead of a single hue: in 2015, it selected a gradient of Rose Quartz and Serenity (a tranquil blue) as a reference to gender fluidity. ( ....

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