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Art Basel Points to a Recovery in the Art Market

Published on , by Alexandre Crochet

In a calm atmosphere without the Americans, the major contemporary art gathering, which closed on September 26, sent a strong signal to the market: physical fairs are still to be reckoned with.

Michael Armitage (b. 1984), Cave, 2021.© COURTESY OF WHITE CUBE, LONDON Art Basel Points to a Recovery in the Art Market

Michael Armitage (b. 1984), Cave, 2021.

Those who had somewhat prematurely predicted that fairs were dying, between the "fair fatigue" observed in recent years and the health crisis, have been proved wrong. Though canceled in 2020, Art Basel truly took place in September, and despite the negative information circulating in the weeks beforehand, it went ahead without a hitch, thanks to the mandatory health wristband. It was once more a key hub for collectors, advisors, curators,…
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