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ART FAIR REPORT

On the Rise

View of the outside of Art Basel’s main exhibition hall at Messe Basel, Basel, 2017. Courtesy Art Basel.

In the art market’s current froth, there are bigger and bigger bubbles forming on top of existing ones, while many smaller ones underneath are beginning to burst. In the first half of the year, inconsistencies in the auction market and news of gallery closings had tempered expectations and briefly stirred concerns that this top-heavy structure might no longer support itself. Uncertainties in the real world of geopolitics also threatened to puncture…

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