In London, art market sees glimmers of hope

As VIP day at Frieze London opened on a brisk Wednesday morning, there were whispers of a recovery: Was the market finally showing signs of life, emerging from a coma that had seen galleries shuttering, fairs falling flat and auction results plummeting?

Green shoots are certainly appearing around London’s art scene. As the market begins its long fall sprint (this week is the Art Basel Paris, followed soon after by mega auctions in New York and capped by Art Basel Miami Beach in early December), London’s good news could be the international art world’s great fortune. Much of the optimism in the UK capital comes from an emerging generation of artists and gallerists injecting some excitement into the market.

Loading…