Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

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)

More from Art Market Monitor

  • What Successful Artists Talk About When They Get Together Over DrinksWhat Successful Artists Talk About When They Get Together Over Drinks
  • Christie’s £18m Brings Dora Maar to LondonChristie’s £18m Brings Dora Maar to London
  • Cruel to be Kind in the Right MeasureCruel to be Kind in the Right Measure
  • East Meets West During Hong Kong’s Golden WeekEast Meets West During Hong Kong’s Golden Week
  • White Glove Lehman SaleWhite Glove Lehman Sale
  • Swann African American = $1.79mSwann African American = $1.79m

Filed Under: Art Fairs

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor