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Feast and famine: Miami millions and UK arts cuts. Plus, Ukrainian Modernism in Madrid

The Week in Art

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Art Fairs - What's Happening at Pace?

Dealers are reporting pretty strong sales of course that's not uncommon certainly on the first day you are bombarded with those early sales. Today we're getting some sales reports through and there are fewer works hitting the $1 million mark so it's interesting to see how there's been quite a marked decrease in value just in a day of the fair. And bearing in mind this is still a VIP day so you know it would indicate perhaps that the price levels are coming down a bit.

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