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Art Basel is launching a new fair in Qatar, it announced in a press release. In an interview with SRF, Monopol editor-in-chief Elke Buhr explains why she believes the expansion is necessary: "It's about maintaining and stabilising the overall business. Art Basel is an international company that competes with other art fairs – for example, ... read more
Susanne Schreiber, former editor of the art market section of Handelsblatt, is now publisher of WELTKUNST Insider (free for 60 days). In the first issue under her leadership, she reads between the lines of New York auction catalogues: ‘A striking number of lots offered at Sotheby's between 13 and 15 May are estimated at between 1 and 10 million dollars. ... read more
Of the ‘strong sales’ promised in the headline, little remains in the trade fair report by Daniel Cassady and Karen K. Ho of Frieze New York for Artnews, apart from the usual reports of deals made by the major galleries: "But there's more in the air than just talk about the market. The aisles buzzed with conversations about the financial ... read more
Laura Helena Wurth's tour of Gallery Weekend Berlin for the FAZ is a mixed bag (link via MSN): ‘Although sales on the international art market slumped by twelve percent last year according to the ‘Art Basel & UBS Art Market Report’, the mid-price segment is one of the stable areas of the trade. The mood in Berlin's galleries is correspondingly ... read more
For Alexandra Wach at Monopol, Art Brussels is a resonance chamber for the global situation: ‘Even though similarly strong positions on current political turmoil are few and far between at Art Brussels, which is traditionally playful but this time noticeably subdued, with 165 participating galleries from 35 countries, a latent unease can also be felt at the stands of other ... read more
The erosion of the art fair model, which has been in place for decades, has reached the top of the market. Following Luhring Augustin and Michael Haas, Air de Paris is also pulling out of Art Basel – and making it public. In letters to the fair and their colleagues, published in the newsletter Provence, Florence Bonnefous and Edouard Merino ... read more