Art Market Minute
Fires Devastate Los Angeles
Plus, why Sotheby's has pulled the plug on its new fees structure.
Sonia Manalili &
Margaret Carrigan
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Devastating wind-fueled wildfires in Los Angeles have destroyed thousands of buildings, displaced hundreds of thousands of residents, and killed dozens. Among those affected are many artists and galleries, as well as Frieze, which is weighing up whether to go ahead with its February fair edition in the city.
Plus, why Sotheby’s has reversed course on a controversial fee structure it introduced last May. And the major Chicago gallerist Kavi Gupta is facing two lawsuits—one brought by artist Jeffrey Gibson for nonpayment and another that alleges he misused funds from a business loan.
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