Inside Frieze: what can it tell us about art, money and power in 2022? – podcast

It showcases the art world's most cutting-edge work. But the Frieze art fair is also a marketplace where the eye-watering prices are defying the looming global recession. Jonathan Jones explains why this is happening - and if the bubble is about to burst

Frieze has arguably become the most important event in the art world's calendar. For art lovers it is a place to see a dizzying array of the most exciting modern work being produced - all under one roof. For artists, gallerists and auction houses, however, this huge art fair is a time to meet up, schmooze and sell, sell, sell - often to the super-rich.

Nosheen Iqbal asks Jonathan Jones how Frieze got so big, and how the staggering prices art can now command have changed what is being made. From the super-wealthy to banks, buyers now see art as an investment, as well as a pleasure. But is this sustainable?