Basel Art Fair May Sell More Than $300 Million
Published June 13th, 2006
The Swiss city of Basel becomes an art-shoppers’ mall today, stocked with works by Pablo Picasso, Georg Baselitz and Damien Hirst. Collectors will spend more than $300 million through June 18, said Sam Keller, Art Basel’s director.
With 55,000 visitors to 300 stands, the world’s biggest modern- and contemporary-art fair is part of a $1.5 billion spring sale cycle, from New York’s May auctions to London’s this month. Early reports from dealers indicate buyers aren’t yet deterred by stock-market jitters from the U.S. to Russia.
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