In Expansión by Rosario Fernández, London consolidates its position as a benchmark for contemporary art with the Frieze Art Fair. The British capital is becoming the epicenter of the international art market these days with the opening of Frieze Art Fair , which brings together 173 galleries and pieces valued at 270 million euros. For Elisa Hernando , director of Arte Global , the fair is consolidating its position not only because of the quality of the galleries, but also because it attracts the world's leading collectors , such as Steven Cohen, who is attending for the first time.
Hernando highlights that after the contraction of 2008-2009, the contemporary art market has shown a gradual recovery , with an increase of 5.4% in the first half of 2010, although it has not yet reached pre-2008 levels. According to the expert, the presence of traditional collectors and the departure of speculators have reinforced the stability of the market , while auction houses such as Sotheby's and Christie's continue to set historic records, with million-dollar sales of works by Giacometti and Picasso.
Arte Global advises collectors and businesses on navigating an increasingly globalized and professionalized sector, offering guidance on investment, authenticity, and acquisition of works , consolidating its clients in a market that combines prestige and profitability .
