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Art Basel in Basel reported 88,000 visitors for this difficult year, 3,000 fewer than in 2024. It was not only Americans who skipped the most important event in the art fair calendar.Almost everything was as usual at Art Basel, reports Ursula Scheer in the FAZ on 21 June: "Even though the world's leading company also has events in Hong Kong, Miami Beach, Paris and soon ... read more
As in the USA and London, the auction week in Germany was mixed. Grisebach in Berlin will be rethinking its strategy, according to Jan Kohlhaas in the Handelsblatt: ‘High hopes had been pinned on the ’19th Century Art" auction for the appeal of a private Dresden collection featuring Romantic masterpieces, but they were dashed. Of the 22 works, almost half ... read more
At Arco Lisboa, discussions seemed to revolve mainly around value added tax, according to Christof Habres at Parnass: "In an “absolutely destructive move” (Ilan Karpio, sales director at the Pedro Cera gallery), the Portuguese government has increased the tax rate on works of art to 23 per cent. This is a move that could well nip in the bud the ... read more
Artnet, the most well-known art market portal, is being acquired by a British investor, according tomy news for Artmagazine. Going a step further than the buyer himself, former major shareholder Rüdiger K. Weng provides information about the possible future of Artnet and Artsy in an article by Georgina Adam for The Art Newspaper: ‘Weng said ... read more
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