Frieze London and Frieze Masters 2024: Sales Report and Market Trends
Frieze London 2024 sought to reclaim its foundational essence by emphasizing contemporary art from the galleries in London. Artistic director Eva Langret emphasized the necessity of participation from the ecosystem for the fair's success. The event's layout prominently featured established galleries such as Gagosian, Zwirner, and White Cube at its core, surrounded by emerging galleries. Sales during the preview were lackluster, mirroring economic instability and a nearly 30% decline in auction revenues. Significant transactions included Bani Abidi (Tate, under $200,000), Billy Childish (Lehmann Maupin, ten pieces priced between $50,000 and $100,000), Charles Gaines (Hauser & Wirth, five works at $180,000-$200,000), and Lisa Yuskavage (David Zwirner, $2.2 million). At Frieze Masters, Hauser & Wirth sold Manet's "Pelouse du champ de courses à Longchamp" for €4.5 million.
Key facts
- Frieze London 2024 featured 160 galleries, about ten fewer than 2023.
- New layout placed blue-chip galleries at center, younger galleries around.
- Eva Langret stated: 'A fair cannot succeed if it does not participate in the ecosystem.'
- Tate acquired three works by Bani Abidi for under $200,000.
- Billy Childish live painting at Lehmann Maupin sold about ten works ($50,000-$100,000).
- Hauser & Wirth sold Charles Gaines works ($180,000-$200,000) at Frieze London.
- David Zwirner sold a Lisa Yuskavage painting for $2.2 million.
- At Frieze Masters, Hauser & Wirth sold an Arshile Gorky for $8.5 million, the highest reported sale.
- P420 sold works by Victor Fotso Nyie and Shafei Xia (€15,000-€20,000) and a piece acquired by Spirit Now London Acquisition Prize.
- 10 A.M. ART sold works by Lucia Di Luciano to Swiss collector and Panoptès Collection (€10,000-€32,000).
Entities
Artists
- Bani Abidi
- Billy Childish
- Charles Gaines
- Lisa Yuskavage
- Armando Andrade Tudela
- Sol Calero
- Elena Damiani
- Daniel de Paula
- Runo Lagomarsino
- Wilfredo Prieto
- Victor Fotso Nyie
- Shafei Xia
- Irma Blank
- Adelaide Cioni
- Alessandro Pessoli
- June Crespo
- Merlin James
- Jaime Welsh
- Édouard Manet
- Francis Picabia
- Arshile Gorky
- Lucio Fontana
- Nathalie Du Pasquier
- Betty Danon
- Lucia Di Luciano
- Mimmo Jodice
- Ettore Spalletti
- Salvo
Institutions
- Frieze London
- Frieze Masters
- Gagosian
- David Zwirner
- White Cube
- Lehmann Maupin
- Hauser & Wirth
- Pace Gallery
- Tate
- Christie's
- Sotheby's
- Phillips
- Massimo Minini
- Francesca Minini
- P420
- Madragoa
- Tiziana Di Caro
- 10 A.M. ART
- Vistamare
- Mazzoleni
- Spirit Now London Acquisition Prize
- Women's Art Collection
- University of Cambridge
- Panoptès Collection
- Art Basel Paris
Locations
- London
- United Kingdom
- Regent's Park
- Milan
- Italy
- Bologna
- Lisbon
- Portugal
- Kolkata
- India
- Berlin
- Germany
- Naples
- Pescara
- Turin
- Bruxelles
- Belgium
- Seoul
- South Korea
- Singapore
- Switzerland
- Greece
- United States