Galleries at Frieze New York 2021 Fetched High Profits, Sold Out BoothsHauser & Wirth reportedly sold Louise Bourgeois’ ‘Blind Man’s Bluff’ (1984) installation for $1 million USD and more.
Frieze New York 2021 was a huge success for most galleries despite concerns over how the fair would’ve fared since it was the first major contemporary event to launch during these uncertain times posed by the COVID-19 pandemic. The fair also moved to a new location for this year’s installment — from Randall’s Island where the fair used to take place annually to the Shed in Hudson Yards.
The fair officially concluded on Sunday and dealers reported that they had sold out their booths entirely including David Zwirner , on opening day, who had a selection of new paintings by the polarizing artist Dana Schutz — each of her paintings sold for between $700,000 USD and $900,000 USD. Canada gallery also reported that they had sold out their booth, which featured piecess by the artists Katherine Bernhardt, Luke Murphy, and Rachel Eulena Williams works. The artwork sold by Canada ranged from $10,000 to $65,000 USD altogether.
According to a new report by Artnet, other leading contemporary art galleries grossed high profits including Hauser & Wirth who sold a painter entitled The Drifter (2021) by George Condo for $800,000 USD as well as a $1 million USD installation by Louis Bourgeois entitled Blind Man’s Bluff from 1984.