Hedge-fund art advisors and VIP collectors converge on London’s Frieze Art Fair on Wednesday, as dealers fret that sales will be hurt by financial-market turbulence and threatened bonus cuts.
“You have to be foolish to not be concerned because Wall Street and the hedge funds are a lot of our clients,” said New York gallery director Natalia Mager Sacasa of Luhring Augustine. “When they start to lose money, it affects how they collect.”
Friezes are a important to history and the ancient Greeks were masters of the art form. Architectural projects were a favorite of the industrious Greeks to uniquely mark buildings and tell stories. Italians made use of the art form in beautiful bas reliefs in the 14th century. Modern friezes are unrestrained and use a multitude of mediums to make an artist's point of view manifest.
"I thought we should do something different from what everyone else is doing at this time of year and non-commercial," he said, "and something that excites people and values art, not selling. This gives anyone the chance to own a serious piece of art."
At Frieze, meanwhile, Jake and Dinos Chapman will doodle on your money for free, probably increasing the value of your fiver by a hefty amount. Bonkers.
The seamier side of the spending frenzy that is Frieze is being examined in the exhibition Decadence, Decay and the Demimonde, at 92 George Street, London W1.
From Jennifer Niels comes The Parthenon Frieze, a well- researched complete book of the sculpted Ionic freize studied for two hundred years by architects and artisans.