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Art Basel : The art market returns to its pre-pandemic level

Art Basel : The art market returns to its pre-pandemic level

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The art market is back on track at the Basel Contemporary Art Fair with no less than 70,000 visitors having made the trip.

 

The contemporary art fair Art Basel ended last night with some 70,000 visitors and confirms in its report published yesterday that this edition was “very successful“.

 

With 70,000 visitors, the fair did not quite reach its pre-pandemic figures, in fact, in 2019, 93,000 visitors had made the trip. But the galleries present were nevertheless able to do business.

 

As an example, the financial peak of the contemporary art fair was the sale of the sculpture “Spider” by the French-American sculptor, Louise Bourgeois, for $ 40 million. Other galleries also sold works for amounts in the tens of millions of euros, with a high proportion of works by female artists, who often surpassed their male colleagues in terms of price.

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Featured photo : © Agathe Hakoun / Theaster Gates

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