Skip to Content
AP National

As Art Basel opens, buyers confront a ‘cooling’ but still very active market

By
Published 7:22 AM

By JAMES BROOKS
Associated Press

BASEL, Switzerland (AP) — Multi-million-dollar works by Jean-Michel Basquiat, Yayoi Kusama and Alberto Giacometti went on the market this week as fair Art Basel opened in Switzerland. Thousands have flooded the exhibition center for VIP previews before doors open to public on Thursday. More than 280 international galleries exhibited everything from paintings and sculpture to video installations and performance art in what one expert called the “Super Bowl of the art world.” A new report linked to the market found that sales fell last year and were particularly thinner at the top end of the market. But transaction volume grew, driven by sales at lower price levels.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content