Frieze Owner Ari Emanuel Buys Three Quilts at Los Angeles Fair, Beating VIPs in the Door | Artnet News
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Frieze Owner Ari Emanuel Buys Three Quilts at Los Angeles Fair, Beating VIPs in the Door | Artnet News
"He said, 'These are amazing,' His wife came alongside him. Within three minutes he told me, 'I am going to take Michael Jackson, Marilyn Monroe, and Elvis Presley.' I said, 'That's amazing. Thank you so much.' Prices for the works ranged from $50,000."
"Billionaire Ari Emanuel, whose Mari company acquired the Frieze art fairs last year, became the first collector to enter its Los Angeles edition on Thursday. By the time VIPs rushed in at 10 a.m., he had already bought three artworks by 86-year-old Black quiltmaker Yvonne Wells."
"The booth was eye-catching: Folk art meets Pop art. Charming portraits of legends like Michael Jackson, Marilyn Monroe, Elvis Presley, and Mickey Mouse hung on the walls while the floor was covered with a rug featuring stars from the Hollywood Walk of Fame."
Ari Emanuel, billionaire owner of Frieze art fairs through his Mari company, gained early access to the Los Angeles edition and immediately purchased three artworks by 86-year-old quiltmaker Yvonne Wells from Fort Gansevoort gallery. The booth featured folk art-inspired portraits of cultural icons like Michael Jackson, Marilyn Monroe, and Elvis Presley. The fair opening proved successful with strong sales and positive atmosphere, attracting local collectors and celebrities. Early standout sales included Ed Ruscha's 1988 painting Heaven at $3.75 million. The event showcased approximately 100 galleries from 22 countries, establishing itself as a premier contemporary art fair.
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