Over 88,000 people attended this year's edition of Art Basel that ended on Sunday. The organisers have reported outstanding sales, confirming the fair's leading role in the global art market. + Get the most important news from Switzerland in your inbox Art Basel's director, Maike Cruse, said this year's edition demonstrated the continued strength, resilience and international reach of the global art market. In all, 289 galleries from 42 countries were present at the event, which ended on June 22. An official press statement said participating galleries reported strong sales across all market segments and fair sectors. The Annely Juda Fine Arts gallery sold a painting by British artist David Hockney for $13-17 million (CHF10.6 million-14 million), without disclosing its exact price. David Zwirner Gallery also sold a sculpture by Ruth Asawa for $9.5 million and a painting by German artist Gerhard Richter for $6.8 million. However, prices did not reach the heights of 2022, when the ...
