"The problem is that art fairs are challenging businesses to run,"
"Margins are tight and it is often forgotten that the fairs' principal clients are galleries, most of which are feeling the effect of the art-market downturn, not wealthy collectors."
"We have to deliver to [the galleries] or they will stop paying our fees. Unfortunately, fees are high because fairs are expensive to stage and costs have risen more than inflation."
"Espace Gabrielle Chanel symbolizes Chanel's extended commitment to accelerating the ideas that advance culture,"
Frieze will launch an edition in November 2026, shortly after Art Basel opens in Qatar in February 2026. Art Basel Qatar is a new fair, while Frieze Abu Dhabi will expand and internationalize the existing Abu Dhabi Art fair after its final edition. These launches join established events such as Art Dubai (founded 2007) and Art Week Riyadh (second edition April 2026), alongside dozens of fairs worldwide. Concerns have arisen about whether there are enough collectors and demand to support so many fairs. Fairs operate on tight margins, rely mainly on galleries affected by the market downturn, and face high staging costs. Chanel opened Espace Gabrielle Chanel at Shanghai’s Power Station of Art, an 18,000-square-foot public library holding over 50,000 books and audiobooks with more than 10,000 items accessible to the public.
Read at ARTnews.com
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