Art Basel Rules the Art Market. Is That a Good Thing for Art?
This week, what seems like the entire art industry, every luxury company, and every celebrity or status-seeker available will be traveling to south Florida for the 18th edition of Art Basel Miami Beach, the final stop on the annual art-market calendar—as well as a champagne-soaked playground for the rich and famous. And while people love to complain about this particular fair, Art Basel matters to the art business in an enormous, almost existential way.
Since its founding in 1970, Art Basel has evolved from a bespoke trade fair for German-speaking art collectors near its namesake Swiss city…
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