Artsy | Alexander Forbes:
As they strolled the halls of the Messe Basel for the 48th edition of Art Basel in Basel on Tuesday, the art world’s elite collectors were reaching deeper into their pockets this year than they have for at least the past two editions of the fair. Just hours into Tuesday’s VVIP preview, many dealers were reporting multiple sales in the seven- and eight-figure range—a welcome reappearance of a phenomenon that had been rare at art fairs since the market’s most recent peak in 2014… Read more
Image: Installation view of Hauser & Wirth’s booth at Art Basel, 2017. Photo by Benjamin Westoby for Artsy.