The auction brought in a hammer total of $44.2m, just below Phillips’s low estimate for the night and exactly in line with last November’s equivalent sale

On display at the fair this year are a number of works that capture the depressive mood of the moment

A strong influx from Asia, plus stands devoted to smaller works by emerging artists, got the fair off to a smashing start despite economic headwinds

A pesar de los recortes, la amenaza de aranceles y la gentrificación, nuevas voces le dan vida a la vibrante mezcla de museos y galerías en la capital

Despite funding cuts and gentrification, new voices invigorate the capital’s thriving mix of museums and galleries

Experts are sceptical that the NFT market will ever rebound to its 2021 levels, but the crypto asset sector may still manage to take over the art world one way or the other