"Galleries at the fourth edition of Art Basel Paris (until 26 October) reported major sales to their core clients yesterday (21 October), during the fair's new VIP slot. Among these are a $23m Gerhard Richter's Abstraktes Bild (Abstract Painting) (1987) at Hauser & Wirth, Modigliani's Jeune fille aux macarons (Young Woman with Hair in Side Buns) (1918) at Pace for just under $10m and a Ruth Asawa sculpture at David Zwirner for $7.5m."
"The initiative came directly from gallery feedback after last year's edition. Many told us they wanted more time and breathing room to connect with key collectors before the pace of the main fair kicked in. This is also driven by supply/demand fundamentals: the number and quality of professional audiences seeking to attend Art Basel Paris relative to the space available in the Grand Palais demanded a thoughtful solution."
Art Basel Paris's fourth edition generated significant blue-chip sales during a new VIP slot, including Richter's Abstraktes Bild for $23m, Modigliani's Jeune fille aux macarons for just under $10m, and a Ruth Asawa sculpture for $7.5m. Galleries asked for additional time and breathing room to connect with core collectors, prompting the creation of Avant-Première as an early Tuesday access for nominated guests before the main fair opening. Organizers cited supply-and-demand fundamentals and limited Grand Palais space as reasons for the change. The initiative aims to recreate the positive effects of earlier extended VIP previews while maintaining broader market access.
Read at The Art Newspaper - International art news and events
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