The VIP opening of Frieze New York followed a rainy week, attracting attendees eager to see if buyers were in the mood. Christine Messineo noted that Frieze Los Angeles’ success indicated strength in the art market, but ongoing instabilities due to political decisions raised uncertainty. However, the connections to New York's art institutions fueled success for gallerists, as seen in substantial early sales driven by institutional acquisitions. Despite market fluctuations caused by tariffs, optimism remains among the art community concerning market resilience and buyer engagement during the fair.
"We know Frieze Los Angeles went really well, and it was an indicator for the strength of the art market at the beginning of the year," says Christine Messineo.
"The strength of this city and this fair is how interconnected the institutional shows going on around the city are with the work that is represented here," she says.
"In the midst of this market fluctuation we have had a lot of success which speaks to the resilience of the art community during transformative times."
"President Donald Trump announced sweeping tariffs, and the stock market took a plunge that rivaled some of Covid-19's earliest, darkest days."
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