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Clear Evidence of Renewed Confidence at Frieze Art Fair 2009
Baldessari Beethoven's Trumpet (with Ear) Opus 133 on the Sprüth Magers stand sold for $400,000. Photo: AP Photo/Ian West, PA.

LONDON.- At the close of the seventh edition of Frieze Art Fair, sponsored by Deutsche Bank, participating galleries reported clear evidence of renewed confidence in the contemporary art market.

Fair directors, Matthew Slotover and Amanda Sharp were delighted with reports of significant sales from new and established galleries exhibiting at the 2009 fair, as well as the enjoyable and positive atmosphere engendered at the event and commented, "We have been extremely pleased by the extent of the sales successes reported by major US, European, Latin American and UK galleries as well as the younger galleries in our new Frame section. The strong museum shows in London coinciding with the fair helped to attract the world’s most important collectors, curators and museum directors. The galleries have rewarded UK and international visitors by bringing great pieces of the highest standard to Frieze Art Fair this year and everyone involved has commented on the great atmosphere this week."

Frieze Art Fair 2009 presented 165 of the world’s leading galleries from 30 countries. The fair welcomed 29 new galleries under six years old as part of Frame, and 24 further new galleries. Over 1,000 artists were showcased. Visitor figures once again reached 60,000 making attendance comparable to the last two years.

Sales at Frieze Art Fair 2009 reflected the breadth of artists and works on show. Hauser & Wirth sold a Louise Bourgeois sculpture, "The Couple," to a European collection for $3.5 million, Neo Rauch’s "Harmios" sold for $1 million at David Zwirner, a Baldessari Beethoven's "Trumpet (with Ear) Opus 133 on the Sprüth Magers Stand" sold for $400,000, and Eva Presenhuber sold its Ugo Rondinone work "A Day Like This Made of Nothing and Nothing Else" for 270,000 Euros. Alison Jacques reported the sale of a Hannah Wilke bronze for $150,000 while at "Frame," Seventeen Gallery sold a work by Susan Collis for £35,000, and Project 88 from Mumbai sold an original Sarnath Banerjee work for £8,000.

The new section to the fair, "Frame," was extremely popular with collectors, visitors and gallerists, and allowed younger galleries to show at Frieze Art Fair for the first time. Curators Daniel Baumann and Sarah McCrory who were special advisors to "Frame" in 2009 commented, "Frame has been an amazing success. Not only have the presentations been well received critically, but also many galleries have reported great sales. The galleries have been positive about the architecture of the space and the atmosphere and many of the participating artists have received invitations to show in major institutions."

Frieze Art Fair | Matthew Slotover | Amanda Sharp | Daniel Baumann | Sarah McCrory | Contemporary Art Market |

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