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Art Basel fair breathes life back into moribund market | Malay Mail

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BASEL, Sept 23 — Art Basel, the world’s top contemporary art fair, has returned to the Swiss city after a year’s gap due to Covid-19 curbs, drawing hordes of wealthy buyers and breathing life into a market devastated by the pandemic. Despite the near-total absence of US collectors — a key...

BASEL, Sept 23 — Art Basel, the world’s top contemporary art fair, has returned to the Swiss city after a year’s gap due to Covid-19 curbs, drawing hordes of wealthy buyers and breathing life into a market devastated by the pandemic.

Exhibitors were impatiently awaiting Art Basel’s return, but at the end of August, the United States advised against travel to Switzerland, raising fears that the pandemic would spoil the comeback.“We had an environment which was suddenly very tense,” Art Basel’s global director Marc Spiegler told AFP.

“The fair is going extremely well, exceeding all expectations,” Emmanuel Perrotin, the founder of France’s Galerie Perrotin, told AFP. Art galleries were particularly hard hit by the cancellations of major art fairs that contributed around 43 per cent of their 2019 sales.

 

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