Frieze Week Has $1.5 Billion Worth of Art This Year

The tent. (Courtesy

Bloomberg this morning estimates that between the two Frieze fairs, Frieze and the new Frieze Masters, all the other fairs, the auctions and gallery shows, London this week features $1.5 billion worth of art.

Last year, the market looked a bit shakier and the single fair featured around $350 million in art. The auctions and Frieze Masters is definitely a factor here, but when you increase the amount by a factor of five, well, it’s safe to say the market isn’t so shaky anymore.

Correction: An earlier version of this story said the $1.5 billion figure came from the two Frieze fairs. It’s for everything.