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Art Basel 2016, market performance results

Art Market | Despite 2015’s art market slow-down and a disappointing first semester for London and New York auctions, Art Basel turned its nose up at the current context and once again confirmed its position as world leader. Highly international, the 47th edition welcomed 98,000 visitors who came to admire the work of some 4,000 artists showing in 287 galleries.

Art Basel 2016 © Photo courtesy Art Basel
Art Basel 2016
© Photo courtesy Art Basel

Divided into seven sections, Art Basel #47 featured 287 exhibitors (283 in 2015) from 31 countries in over 140,000 m2 of space : 182 European galleries (63%) – with Germany (51 galleries / 17.7%), the United Kingdom (33 / 11.5%), Switzerland (23 / 8%) and France (22 / 7.6%) the most highly represented. There were 78 galleries from the United States (27%), while the Asian continent remains underrepresented with only 11 exhibitors (3.8%).

Art Market Monitor reports a high sales volume, especially for artist-brands and works seen as solid investments.
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Art Basel 2016 © Photo courtesy Art Basel

Art Basel 2016
© Photo courtesy Art Basel

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