Tech billionaires and Bay Area oil heirs mingled at San Francisco's Fog art fair—but were any of them actually buying art?
But were any of them actually buying art? One could be forgiven for overlooking an art fair like Fog, the yearly expo that goes down each January. Unlike its Southern California sister city, Los Angeles, the Bay Area is not a global gallery hub where art dealers across Europe and AsiaThose dealers who do come by San Francisco in January have one thing on their minds. This city of less than 900,000 people is home to 81 billionaires, according to the Wealth-X Billionaire Census.
“You’d think that with 32 paintings, we’d be able to please everyone, but…” Elliott said with a pause, walking through the space. He added that around half of the works sold to local collectors, many of whom sit on the boards of the city’s esteemed art institutions: SFMoMA, the de Young, the Wattis, etc. SFMoMA has a particularly intimate relationship with the fair week, as it collaborates on the opening gala, a rare arrangement—market forces and institutional forces often feign a church-and-state-style separation. But SFMoMA’s clingy presence isn’t necessarily a great thing.
and so many more—and led reps from Gagosian and Hauser & Wirth through her sprawling home. Burton was right beside her the whole time. Schreyer, a world-class raconteur with an eye to match, led the group through her collection, pointing out where certain works would go when, as she put it, “they take me out of here feet-first.” A giganticpainting was a promised gift to SFMoMA. Several other works would be going to Burton’s museum instead.
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