
UPDATEArt Basel Paris cuts public days after $10 million sales and unrest
Fair reportedly shutters Friday evening, skipping its weekend, as dealers report seven- and eight-figure deals
PARIS — Art Basel Paris is reported to be closing at 7 p.m. Friday, two days ahead of schedule, because of fears of more unrest in the French capital. FAD Magazine reported the decision, which cancels the Saturday and Sunday public days. The closure follows a VIP period of strong sales at the Grand Palais. According to ARTnews, Hauser & Wirth sold Gerhard Richter's 'Rokokotisch' and Georg Baselitz's 'Der Hirte', both from 1965, for roughly $10 million each. David Zwirner sold a Richter for $8.5 million. The Art Newspaper reported that Pace Di Donna Schrader is asking more than $100 million for a 1917 Modigliani nude. No sale of that work has been reported. The Art Newspaper concluded that the rioting did not deter big-ticket buying. The fair's early close has raised questions about whom a fair serves once the VIP days are over.
Why it mattersThe fair is a test of Paris's rise as a market hub, and its early closure shows how street unrest is now shaping the art calendar.








