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The contemporary art fair Art Basel<\/strong> ended last night with some 70,000 visitors and confirms in its report published yesterday that this edition was “very successful<\/em>“.<\/p>\n <\/p>\n 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.<\/p>\n <\/p>\n As an example, the financial peak of the contemporary art fair was the sale of the sculpture “Spider<\/strong><\/em>” by the French-American sculptor, Louise Bourgeois<\/strong>, 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.<\/p>\n <\/p>\n <\/p>\n Just like sales of yachts, luxury cars or even fine watches and jewelry, the art market has recovered strongly in 2021 after the shock of the pandemic<\/strong>, thanks to the sharp rebound of the stock market last year, which swelled the wealth of the very rich. After a 22% drop in 2020, the art market has recovered 29% in 2021 to $65.1 billion, according to an estimate by Clare McAndrew<\/strong>, author of a report for Art Basel.<\/p>\n <\/p>\n <\/p>\n <\/p>\n Une publication partag\u00e9e par Art Basel (@artbasel)<\/a><\/p>\n<\/div>\n<\/blockquote>\nArt as a safe haven<\/h2>\n
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