At the close of the eighth edition of Frieze Art Fair several galleries reported their strongest sales since the fair’s inception in 2003.
173 galleries exhibited over 1,000 artists at Frieze Art Fair 2010 – the largest in the fair’s history. 29 different countries were represented. Collectors from the traditional hotspots of Germany and the USA were joined by a strong showing of Asian, Latin-American, Middle-Eastern and Russian collectors.
Over 60,000 visitors were welcomed to the fair during the five-day professional and
Strong sales were reported at every level. London’s White Cube gallery sold Damien Hirst’s’ The True Artist Helps the World by Revealing Mystic Truths, for £3.5m, Thaddaeus Ropac sold a Georg Baselitz painting for €630,000. David Zwirner gallery from New York sold Luc Tuymans’ 2006 painting Evidence for $850,000. Marina Abramovic and Anish Kapoor sold well on London’s Lisson Gallery with £800,000 for a black fibreglass Kapoor sculpture and £200,000 for an editioned hanging sculpture. Hauser & Wirth, who opened their new gallery space in London during the fair, had significant sales including a 2009 Paul McCarthy sculpture for £750,000 and a new work on paper by Ellen Gallagher for $300,000. Galerie Fortes Vilaca sold both editions of Sala de Lectura (Reading Room) by Los Carpinteros for $200,000 each. Greene Naftali sold Tony Conrad’s Yellow Movie 2/28/73 to a US museum for $150,000. Vitamin Creative Space sold their entire booth by Cao Fei to a European museum.
Frieze Art Fair 2011 will be held in Regent’s Park, London, from 13 to 16 October 2011.