In a Volatile Market, Art Basel Galleries Bet on Our Attention
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BASEL — Ahead of Art Basel’s flagship fair this week, the Financial Times ran a headline: “Only the spectacular will do.” The statement underscores the immense pressure on galleries at the Swiss art fair, running June 18 to 21, to stand out in a volatile market with high prices and reportedly fewer buyers. The event opened within weeks of Pace Gallery’s massive downsizing and claims that the market was “broken”; meanwhile, among the exhibitor
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