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Price Frieze

October 19, 2009 by Marion Maneker

The Times of London sent a reporter to Frieze who recorded some idle chatter on the stands. Here the idea of buying art as an investment seems comical:

Scene 3: Lisson Gallery stand. Buyers are reflected in a brassy Anish Kapoor disc, price £450,000. […] A neon sign on the wall by Jonathan Monk says DO NOT PAY MORE THAN $20,000.

Alex from Lisson (in black suit and specs): “A new sign goes up each day of the fair, in $20,000 increments to $100,000. The piece actually costs about $15,000. But there’s a stipulation that it must never be sold for more than the stated price. Less is OK. So you want to buy the £100,000 one for an investment.”

Scenes from Frieze Art Fair in an Age of Austerity (Times of London)

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Filed Under: Art Fairs

About Marion Maneker

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