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The city’s central role in the art market has been diminished in recent years, but the success of London’s recent sales suggests that the buyers are finally coming back—even if the timing seems surprising.
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I recently spoke to an art dealer who was unable to get out of New York before the snowstorm two weeks ago, and decided to get on the next plane to London as soon as JFK was open again. If he was going to miss out on a few days of sun and action in Los Angeles, where the art world had flocked for Frieze, he figured he might as well get a head start on the London auctions.
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