Art Basel 2023 has drawn to a close, setting new benchmarks in sales and visitor numbers. This year’s edition saw a diverse array of collectors from across the globe, keen to purchase pieces by both renowned and up-and-coming artists. Notably, significant transactions were reported by major galleries almost immediately after the VIP preview began.
A standout moment of the fair was the sale of a Jean-Michel Basquiat piece, which fetched over $100 million, establishing a record for the artist. Alongside traditional art forms, digital artwork and NFTs captured the interest of attendees, with multiple works achieving six-figure sales.
The overwhelming success of the event underscores the art market’s robust recovery and expansion in the post-pandemic era, highlighting its dynamic nature and adaptability.
