Art basel is worried about the art market

art basel is worried about the art market

From jeff koons and georg baselitz to a car cleaning system: art basel will once again feature works by stars of the international scene, but also works by young talents, as well as modern classics, more of which can be found in basel than at any other art fair.

Around 2,000 artists will be on display this year at the world’s largest industry fair, with 290 galleries from 34 countries taking part until sunday.

In 2019, art basel will once again demonstrate that it is the fair of the extreme, where the super rich from all over the world come to meet. But something is different this year. Fair boss marc spiegler did not talk about expansion projects before the public opening this thursday (june 13). June), he did not talk about expansion projects and new markets. For the first time the exhibition director spoke of hard times for the art market.

Difficult times have begun for certain galleries, the 51-year-old said at the traditional press conference. For the first time, therefore, a price model has been introduced that is intended to challenge the smaller and medium-sized exhibitors. With this, spiegler alluded to the death of galleries in the lower and middle segments.

But these are important for the fair to ensure that all collectors find appropriate offers. "This is not a symbolic mabnahme," spiegler emphasized. They will also be in charge of the art basel branches in miami and hong kong, which take place annually in december and march respectively.

Art basel sees itself as a platform for balancing out concentrations of power, spiegler also emphasized in interviews. Specifically, the new model provides, among other things, that such galleries that want to exhibit for the first time in the main sector of the fair will receive a discount of 20 percent in the first year and 10 percent in the second year of participation.

The VIP viewings on tuesday and wednesday were particularly busy there. Industry giants like gagosian, white cube, david zwirner and thaddaeus ropac vied for the favor of collectors with works by georg baselitz, anselm kiefer, albert oehlen and jeff koons, who literally stormed the niches of the mega-galleries in basel.

Gagosian& co. Are those flagships that make a lot of money with a handful of artists and, together with the auction houses, profit the most from the booming art market?. According to the "art market report" recently published by art basel and the swiss major bank UBS, sales of art by auction houses and galleries worldwide rose to around 67.4 billion dollars (59.4 billion dollars) in 2018. Euros), 6 percent more than the year before.

Repoliticized art and works worth millions: these are the trends at art basel again this year. On the unlimited, as the sector with monumental sculptures and room-filling installations is called, there are numerous works that take aim at racism, sexism and violence.

Behind the soft and appealing aesthetics of "lifedress" by spanish artist alicia framis lies the theme of sexual abuse and equal rights for women. The installation consists of dolls wearing fancy clothes. However, as soon as you touch them, they unfold like airbags.

Andrea bowers is also concerned with the metoo debate in "open secret". On long red lines, the u.S. Artist presents around 100 texts that include the names and occupations of people accused of sexual assault.

Nature and man are at the forefront of the works of giuseppe penone, who is prominently represented with "cedro di versailles. The italian representative of arte povera created the sculpture from a 190-year-old cedar tree uprooted by the hurricane "lothar" in the park of versailles near paris at the end of 1999.

The swiss artist enzo enea is also concerned with the interaction with nature. At the edge of the fair he shows olive trees that are up to 700 years old, their roots "tied" with ropes according to a well-known samurai technique. Enea founded a tree museum near zurich several years ago, where he stages more than 50 trees as natural works of art.

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