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Ari Emanuel’s Milestone Frieze Acquisition, Explained

The Hollywood dealmaker’s new firm is buying the powerful international art fair brand. What does it mean for Frieze, Emanuel’s company and the future of the art business?
A visitor studies an artwork by British artist Jade Fadojutimi, "In desperation we pray", displayed during the Frieze Art Fair at Regent's Park in London.
Ari Emanuel has agreed to buy Frieze, one of the world’s most influential contemporary art organisations, from Endeavor Group Holdings Inc. (Getty Images)

The entertainment conglomerate Endeavor Group Holdings, Inc. ended six months of art industry speculation Thursday when it announced it had

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