(12 Jun 2024)
SWITZERLAND ART BASEL
SOURCE: ASSOCIATED PRESS
RESTRICTION SUMMARY:
LENGTH: 8:12
ASSOCIATED PRESS
Basel, Switzerland – 11 June 2024
1. Various of “Cash Crop” 1984 by Jean-Michel Basquiat, on display at Edward Tyler Nahem Gallery
2. Mid of works by Willem de Kooning on display at Edward Tyler Nahem Gallery
3. Pull focus from “East Hampton XXII” 1868 to “Cross-Legged Figure” 1972
4. Various of “Fontaine aux Oiseaux de Williamsburg” 1994 by Francois-Xavier Lalanne
5. Timelapse of Messe Basel exterior, venue for Art Basel fair, visitors walking by
6. Timelapse of visitors walking among “Honouring Wheatfield – A Confrontation” 2024 by Agnes Denes
7. Timelapse of visitors entering Art Basel
8. SOUNDBITE (English) Magnus Resch, art market expert:
"Art Basel is like the Super Bowl of the art world. This is really where everyone comes together. There are 300 art fairs in the world. Art Basel in Basel is by far the most relevant. The top collectors, top galleries, top artists, they all come together."
9. Pan of “PUMPKIN” 2018 by Yayoi Kusama on display at Victoria Miro gallery
10. Visitors looking at “PUMPKIN”
11. Pan left of visitors walking by art
12. Close of “Micky and Gamma” 2023 by Andre Buster at Skarstedt gallery
13. Various of “This is How We Play Together” 2023 by Elmgreen & Dragnet at Massimo De Carlo gallery
14. SOUNDBITE (English) Maike Cruse, director of Art Basel:
"Recently, we saw the market being a little bit more cautious and a little bit more slow, but we are now on the second day of Art Basel and we have great people coming, great material in the in the galleries, and already a lot of sales happening. So, we’re very optimistic about this week."
15. Visitors walking by “Four Diamond Peace” 2003 by Robert Indiana at Pace gallery
16. Various of visitors sat on “Banc-Salon” 1070-2024 by Jean Dubuffet
17. Various of “All of Our Days” 2023 by Gideon Appah
18. SOUNDBITE (English) Maike Cruse, director of Art Basel:
"After the pandemic, it’s evening out, you know, because we had a height and then it went down again, and now it’s leveling out. But we will see what comes in the future, it’s never possible to really foresee what’s happening to the art market."
19. Various of “Ramfeezled Shiggers” 1991 by John Chamberlain at Galerie Karsten Greve
20. Various of “Bloodydrivetrain” 2007 by John Chamberlain
21. SOUNDBITE (English) Magnus Resch, art market expert:
"Right now, collectors are hesitant to put their best works on the market because they see that no record prices are broken so frequently as there were two years ago, so they’re holding back on this. It’s just a natural cleaning of the market, where good works are not on offer as frequently because people are hesitant."
22. Pan of Thaddaeus Ropac gallery booth
23. Mid of “Dresden Frauen – Die Elbe” 1990/2023 by Georg Baselitz at Thaddaeus Ropac gallery
24. Tilt up of “Dresden Frauen – Die Elbe”, “Lapis Lazuli” 1994 by Sigmar Polka in background
25. Pan of visitors standing in front of “Market Altar” 1985 by Robert Rauschenberg
26. Close of “Market Altar”
27. SOUNDBITE (English) Thaddaeus Ropac, gallerist:
"A certain cooling. I think it’s good for the art market, it’s good for the art scene, you know, any overheating is not very productive. First of all, artists’ careers are pushed too fast, too high. And I think this is maybe a bit of a time of reflecting also. But besides this, it’s like still very active and very robust. So, I wouldn’t say that this is a crisis, far from the crisis. But it is a kind of very nice soft landing from maybe too high expectations."
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