Multi-million-dollar works by the likes of Jean-Michel Basquiat, Yayoi Kusama and Albert Giacometti are on sale at the major Swiss fair Art Basel. But following two years of post-pandemic growth, a recent report found art market sales slowed in 2023, against a backdrop of high interest rates, inflation and political instability. (AP Video by James Brooks)
What is Art Basel?
Multi-million-dollar works by the likes of Jean-Michel Basquiat, Yayoi Kusama and Albert Giacometti are on sale at the major Swiss fair Art Basel. But following two years of post-pandemic growth, a recent report found art market sales slowed in 2023, against a backdrop of high interest rates, inflation and political instability. (AP Video by James Brooks)
