As Frieze Prepares to Open, Collectors Seem Unfazed by Market Challenges

October 12th, 2015

Fishhooks from Frieze Masters, via FTDespite challenging market conditions around the globe, the Financial Times reports that art buyers seem unfazed. “Even if there is less money for luxury spending, there’s commonly a substitution effect when times are tough: people buy fewer designer bags and instead buy things they think have a tangible value,” says economist Clare McAndrew.

Read more at Financial Times