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Five Artists in the Basel Spotlight: VIP Collectors Snap Up a $6M Richter, Agnes Martin and $20m Joan Mitchell (or is it $18M?)

3 min read  ·  12 Jun 2024

Agnes Denes, Honouring Wheatfield – A Confrontation (2024). Copyright the artist. Image courtesy of Art Basel

Joan Mitchell’s late painting sold for $18m-£20m (depending on reports) and a Gerhard Richter abstract for $6m when Art Basel opened to VIPs. “It was apparent that not only had the worst been averted, but there was enough sales activity to consider the day successful,” ARTnews reports.

Louise Bourgeois' sculptures sold for $3.5m and $1.2m at Hauser & Wirth and Xavier Hufkens respectively at Art Basel, reports Swiss Info.

Agnes Martin’s untitled abstract sold at Pace Gallery for an undisclosed amount, “though many speculated it may be among the most valuable works on offer at Art Basel”, The Art Newspaper reports.

Tiffany Sia and Ahmed Umar have been awarded the $33,000 Baloise Art Prize at Art Basel.

And in other news

Market: Works by Larva Labs and Diewiththemostlikes were among the 60% of lots selling above their low estimate at Christie's Online 'Beyond The Screen' auction. For all the highlights, see the HENI News report

New York: Photofairs New York has cancelled its 2024 edition “in light of market conditions”, The Art Newspaper reports

"'I noticed the many empty stores and spaces that are currently undergoing transformation. Our use of public space post-pandemic is changing, and so is our behavior as citizens in urban spaces, be it in Basel or in New York.' Stefanie Hessler, director of the Swiss Institute in New York, has organized Art Basel's extra-mural program, Parcours."

- Flash Art

Mandy El Sayegh presents new performance works created for Art Basel Parcours in unused units in the Clara Shopping centre, supported by Thaddaeus Ropac. Copyright the artist. Image courtesy of Art Basel.