"Some dealers at Frieze Los Angeles said they sold more in L.A. than they did at Art Basel Miami Beach in December, suggesting that market confidence has continued to strengthen since the end of the last year. The city's art week also saw a record number of satellite events as the appetite for alternative fair models continues to grow."
"London's marquee spring auctions this week have more works on offer than the same sales last year. The week kicks off with Sotheby's Modern and contemporary evening sale on March 4, which is estimated to bring in at least $130 million across 54 lots."
Market confidence in the art world is building following positive indicators across multiple venues. Dealers at Frieze Los Angeles reported stronger sales compared to Art Basel Miami Beach in December, signaling renewed buyer interest. Los Angeles art week attracted a record number of satellite events, reflecting growing demand for alternative fair formats. London's spring auction season demonstrates additional market strength, with major sales offering more works than the previous year. Sotheby's Modern and contemporary evening sale on March 4 is projected to generate at least $130 million across 54 lots, further supporting the narrative of recovering market momentum.
Read at Artnet News
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