Art Basel 2014: an appraisal of market performance
Contemporary Art | 92,000 visitors rushed to trample the 140,000 square metres of Art Basel#45. Among the 285 galleries in attendance, 24 were exhibiting for the first time in Basel. Split into six exhibition areas, the fair presented the work of around 4000 artists. Art Basel has firmly established its label and market laws since its creation in 1970.
After the record auction at Christie’s where $745 million changed hands in one evening, Art Basel 2014 has confirmed the current vitality of the art market, tapping into the small circle of high-level buyers. Several important sales were concluded just a few hours after the launch of the fair, with many pieces already reserved or pre-purchased on the basis of jpeg files communicated to collectors, art advisors or curators.
A report published by […]
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