How Dealers Set Up Multimillion-Dollar Art Sales

BLOOMBERG | James Tarmy:

By the end of Wednesday’s VIP day at London’s Frieze Art Fair, collectors will have spent hundreds of millions of dollars on art that’s been shipped in from around the world. “The first day is by far the most significant day,” said Amalia Dayan, a co-founder ofLuxembourg and Dayan, a gallery with London and New York locations. “The majority of the works we sell will be sold in the first 24 hours.”… Read more

Image: Claes Oldenburg, Fagend Study, 1975 Lead and Cor-Ten Steel filled with Polyurethane Foam. Courtesy of Luxembourg & Dayan, © Claes Oldenburg