Hbanner647x80
ArtfixDaily News Feed™

Basel Boasts $2 Billion in Art for Sale

10 June 2012
Chris Burden, Curved Bridge, 2003. Courtesy Galerie Krinzinger, Vienna
Chris Burden, Curved Bridge, 2003. Courtesy Galerie Krinzinger, Vienna
  • Rodney Graham, Small Modernist Paintings, 2005-present. 303 Gallery, New York; Hauser & Wirth, Zurich; Johnen Galerie, Berlin; Lisson Gallery, London; Donald Young, Chicago

    Rodney Graham, Small Modernist Paintings, 2005-present. 303 Gallery, New York; Hauser & Wirth, Zurich; Johnen Galerie, Berlin; Lisson Gallery, London; Donald Young, Chicago

In Switzerland, nearly $2 billion worth of art from 300 top-tier international galleries is up for sale this week. Richter, Calder, Twombly and Hirst are among the big-names with big price tags lining booths at Art Basel, the world's biggest and oldest modern and contemporary art fair.

Among the highlights is a $20 million work by Gerhard Richter, whose retrospective is now on view at Centre Pompidou in Paris. The artist's abstract oil “A.B. Courbet,” from 1986, is offered by New York's Pace Gallery.

Last year, a record 65,000 people flooded the fair. Sales were strong with Gagosian Gallery reportedly selling $45 million in the first 15 minutes of the preview.

Organizers added a second VIP preview day this year. The 43rd edition of the fair runs through June 17.

Read more at Businessweek
Categories: contemporary art
More News Feed Headlines
George Caleb Bingham (American, 1811–1879) The Jolly Flatboatmen, 1877–78 Oil on canvas 26 1/16 x 36 3/8 in. (66.2 x 92.4 cm.) Terra Foundation for American Art Daniel J. Terra Collection, 1992.15
On the heels of a hugely popular Norman Rockwell exhibition, Crystal Bridges Museum of American Art is showcasing two new temporary exhibitions featuring American genre painting. More than 65,000 visitors trekked to Bentonville, Arkansas, to view...
Stuart Davis, Summer Landscape#2, offered at Sotheby's on May 22.
Sotheby’s will offer a range of works deaccessioned from the collections of four museums in its May 22 sale of American art in New York. Three works sold by the Art Institute of Chicago are led by...
Rendering of the Pérez Art Museum Miami (PAMM) which is scheduled to open in December 2013.
An anonymous donor has pledged $12 million in cash and $3 million in art to the future Perez Art Museum Miami. On Friday, officials from the Miami Art Museum announced...
Jackson Pollock’s drip painting “No. 19, 1948” sold to an anonymous bidder for a record price of $58.3 million with fee at Christie’s.
Records price were smashed for 12 contemporary artists at Christie's on Wednesday night. Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat were among the record-setters in a postwar and contemporary art sale in New York that totaled $495 million, the highest sales figure at any art auction.