Highlights from Frieze New York 2023: An Art Investor’s Perspective
The highly anticipated Frieze New York has concluded, marking the culmination of an exciting fortnight of art events in the city. With 68 exhibitors and a diverse range of artworks on display, this year’s fair proved to be a resounding success. For art investors seeking new opportunities, Frieze New York presented a wealth of potential acquisitions, featuring both established and emerging artists.
Impressive Sales:
Hauser & Wirth: Mega-gallery Hauser & Wirth showcased the late artist Jack Whitten, with prices for his works ranging from $95,000 to an impressive $2.5 million. Collectors eagerly acquired these exceptional pieces, destined for renowned museum and private collections.
Thaddaeus Ropac: This international blue-chip gallery experienced strong sales, including Robert Longo’s “Study of Cotton Field” sold for $900,000 and works by Daniel Richter and Martha Jungwirth fetching substantial prices. New collectors from Asia showed particular interest, adding to the excitement of the fair.
White Cube: Doris Salcedo’s wooden table fetched an impressive $1.25 million, and sculptures by Antony Gormley, Julie Mehretu, and Park Seo-Bo were also sold. Collectors flocked to acquire top-of-the-line pieces by leading artists, demonstrating a strong demand for captivating and diverse artworks.
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Booth Highlights:
David Kordansky Gallery: Lauren Halsey’s new gypsum-based engravings and digital collages stole the show, with the entire booth selling out within hours. Halsey’s works offer fantastic archives of her community, blending dreams, textures, and iconographies into captivating art.
Pace Gallery: The solo booth featuring works by Robert Nava saw an incredible response, with all artworks sold in the opening hours of the VIP preview. Prices ranged from $30,000 to $80,000, affirming Nava’s rising prominence in the art world.
Stephen Friedman Gallery: Pam Glick’s dynamic paintings resonated with collectors, resulting in the sale of five pieces at $55,000 each. This underrecognized artist’s energetic mark-making captivated viewers and shed light on her immense talent.
Exploring New Horizons:
Frieze New York provided a platform for galleries to introduce artists new to their rosters or the U.S. art scene. Mitre Galeria’s presentation of Marcos Siqueira’s small-scale paintings, created with natural pigments, sold out. Ortuzar Projects showcased the works of Takako Yamaguchi, drawing strong interest from private collectors and museums alike. These innovative presentations offered art investors the chance to discover emerging talents with promising potential.
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Frieze New York 2023 proved to be a thriving art event, presenting a multitude of investment opportunities. From record-breaking sales by established artists to the rise of emerging talents, the fair exemplified the dynamism and diversity of the contemporary art market. For art investors seeking to diversify their portfolios and acquire compelling artworks, Frieze New York showcased a wide array of captivating pieces. As the art world continues to evolve, events like Frieze New York offer a glimpse into the future of the industry and its potential for growth and discovery. If you’re interested in investing in Art, reach out to International Art Acquisitions today to learn more about upcoming opportunities.
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