The sales brought in a collectively $1.03 billion.

As the art market has muddled through its years-long slump of late, the marquee auctions have become exercises in damage mitigation.

Jewelry, furniture and design items imported for the fair will incur new tariffs or require temporary import bonds.

A 25% tariff now applies to any art imported to the US from Canada and Mexico.

The wealthy appear to be forsaking the UK in droves, and newly initiated tax rules don't appear to be helping.

There's no easy answers.

Experts offered a bleak picture of the year to come.

Pace's US galleries account for around 80 percent of the gallery's turnover annually.

Collectors are looking for value.

Is the focus on the art collection an effort to burnish the club's reputation as a place for top creatives rather than mid-level bankers, aspiring startup founders, and the laptop class?