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At Art Basel, everyone s playing it safe
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At Art Basel, Everyone s Playing It Safe - The New York Times
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International art world makes tentative plans for fairs, amid cautiousness and fatigue from online viewing rooms Most of the art world’s major international events scheduled for the early months of 2021 have already been postponed or converted into more pandemic-aware formats.
Thousands of well-heeled frequent flyers browsing around yet another exhibition center, in yet another country, eager to discover the art world’s next big thing.
That was the fun of art fairs, the destination events that defined and fueled a global boom in recent years. In 2019, sales from the world’s art fairs reached an estimated $16.6 billion, with dealers relying on fairs to generate more than 40 percent of that year’s revenue, according to last year’s Art Basel & UBS Art Market Report.