A major shift in the global art fair landscape has occurred. Hollywood mogul Ari Emanuel has acquired the Frieze art fair and media group from Endeavor for nearly $200m. The purchase is set to close in late 2025. It includes seven global art fairs, including Frieze New York, Los Angeles and Seoul – as well as Frieze magazine. Emanuel’s new global events company (so far without name) – backed by investors like Apollo Global Management and RedBird Capital Partners – is positionin...