The geopolitics of the art world are shifting, with a resurgent Paris presenting serious competition to London's Frieze Week, traditionally a highlight of the international art calendar.
Footfall at Frieze London was less hectic this year, reflecting the changing landscape where major U.S. dealers opted for exhibiting in Paris instead.
The art market has been significantly affected by high interest rates and a sluggish global economy, which has instilled caution among buyers and sellers.
With a combination of political instability and ongoing global conflicts, art fairs face renewed challenges, prompting a search for revitalization amidst an otherwise stagnant market.
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