The document summarizes the early sales and activity at Art Basel in Basel, Switzerland. Key points include:
- Sales began strongly in the first hours of the VVIP preview, indicating an upbeat art market. Major collectors were making the rounds.
- Works by artists featured in the recent Venice Biennale sold well, including a Dorothea Tanning painting that sold for $150,000. A Lygia Clark model was on reserve for $1.5 million.
- At Hauser & Wirth, a Hans Josephsohn sculpture sold for 550,000 CHF and they had works by Maria Lassnig and Paul McCarthy.
- Galleries have moved from the contemporary