Sonia Manalili &
Margaret Carrigan
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Is market momentum building? Some dealers at Frieze Los Angeles said they sold more in L.A. than they did at Art Basel Miami Beach in December, suggesting that market confidence has continued to strengthen since the end of the last year. The city’s art week also saw a record number of satellite events as the appetite for alternative fair models continues to grow.
Francis Bacon, Self-Portrait (1972). Courtesy of Sotheby’s.
In other hopeful signs for returning market confidence, London’s marquee spring auctions this week have more works on offer than the same sales last year. The week kicks off with Sotheby’s Modern and contemporary evening sale on March 4, which is estimated to bring in at least $130 million across 54 lots. Listen to find out more.
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