A down art market? None of that matters in Aspen, Colo. At least, that is the theory behind a new art fair in the city when the global arts industry is in a slump. Aspen is both rich and spendy, with one of the highest concentrations of ultrawealthy homeowners in the country. The record was broken again with another Aspen deal just a week later. “All those bursting wallets and bare walls add up to a consistent demand for paintings and sculpture, enough for Rebecca Hoffman, the founder of the Aspen Art Fair, to plunge ahead confidently with her event, even when trade reports show international art spending down more than 10 percent in 2023.

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Persons: Doug Leibinger, ” Leibinger, Rebecca Hoffman Organizations: Aspen, Aspen Art Fair Locations: Aspen, Colo, Colorado, U.S