Art Investment

Art Basel Fair opens today

today in Basel, Switzerland opens traditional annual art fair Art Basel. According to the estimates of organizers, this year's largest and most prestigious contemporary art fair visit to 60 thousand people. Within five days of their fair pavilions provide 300 galleries (selected by the organizers of 1000 applicants), they will be offered the product of more than 2500 artists. Total work estimated at around two billion dollars.

Yesterday was closed Opening Day Fair for VIP-clients. The visitors dominated by Americans and Europeans, it was also quite a lot of collectors from Turkey and Hong Kong. It is too early to think, but judging by the closed openings, fair could be very successful. Today, many galleries have already concluded a number of deals in works worth millions of dollars - for example, the gallery Amy Gold sold to American collector work Mark Rothko «Untitled" for nearly $ 5 million; gallerist Amman Doris (Doris Ammann) helped out on 1.1 million dollars for two of Warhol's series with the banks sauce Campbell; New York gallery Acquavella has found a buyer for the work "Untitled" Sigmar Polke (sold approximately 1.3 million dollars) and the Madrid gallery Elvira Gonzalez rescued about two million for the work of Richard Serra, wrought iron.

In a sense, fair in Basel, is better than others such events reflect the market situation of contemporary art: unlike other art fairs who pay too much attention sometimes the galleries of the host country, at Art Basel share of the participating countries about such as a whole in the global art market. The lion's share of the American galleries - 73, Germany represent 50 galleries, Switzerland - 32 England - 31, and France - 23. Growing art market in India, Brazil, China and Russia are represented in the $ 12 art galleries. For the first time participating dealers from Hungary, Thailand and Lebanon.

Bulk products that do not fit in standard pavilions, and will present in the sector Art Unlimited. This year there will house the work of the creative duo Jennifer Allora and Guillermo Calzadilla (Jennifer Allora and Guillermo Calzadilla). Works by artists representing the U.S. at the current Venice Biennale, Basel sells Parisian Galerie Chantal Crousel. One of the works - hand made sculpture out of foam on top of which there are scales of justice.

for hungry visitors Argentine artist Rirkrit Tiravaniya (Rirkrit Tiravanija), turning cooking into a performance and accepts food as art, organized by 20 stands its trademark community meal. In the sector of Art Statements («artistic expression"), where young galleries present the work of individual artists, Galerie Juliette Jongma show the image of the sun July 8, 1876, made by some miracle, artist Lisa Oppenheim.

Mobile sector Art Parcours, who during the fair will replace ten different sites in the Basel parish of St. Alban, includes one work of Chinese dissident Aya Weiwei. And without that large-scale trade fair will add sections on movies, books, vinyl gramophone record.

material was prepared by Maria Onuchina, AI

Sources : artinfo.com , artinfo.com , artinvestment.ru


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