BLOOMBERG | Katya Kazakina:
There’s an art fair every day this month — for collectors who have the stamina to hop from Seoul to Santiago, Budapest to Buenos Aires, Moscow to Manila.
Art fairs have been sprouting across the globe, with 269 in 2015 compared with 105 a decade earlier, according to a report by The Art Newspaper and Momart. ArtBinder, which produces an app used by galleries, is tracking 52 fairs in October alone. Some of the biggest fairs are opening as the market is contracting, forcing collectors and dealers to evaluate how they allocate their time and money… Read more
Image: Frieze London art fair in Regent’s Park. Source: Linda Nylind