Paris is a major hub for the sale of modern art, as evidenced by an exhibition that aims to increase the number of foreign visitors and enhance the appeal of the city’s extensive cultural offerings.
The exhibition “Paris + Par Art Basel” has been awarded the ART Basel Award, one of the giants of the art world who hosts exhibitions in Switzerland in addition to Miami and Hong Kong.
The organisers and proprietors of the exhibition expressed optimism regarding sales, particularly given that the cultural landscape is starting to flourish again following the Korona plague and that social media has increased options for virtual marketing. In the first ten minutes of the exhibition, three paintings were sold to two different collections of antiques; further sales are anticipated.
Newer pieces by artists including Chapalala Silf, Maxwell Alexander, and Song Tio are on display in addition to those by Pablo Picasso, Tom Wesseman, Henry Mattis, Joan Mitchell, Edward Monach, and others. The cost is between 1000 to 30 million euros.
Delpine added that the showrooms bring their main works because she knows that she will attract enthusiasts collection of antiques.
According to ArtPrice Data Bank, contemporary art, which dates back to 1945, made up 23% of the art market in 2020–2021, up from 3% in 2000–2001, and it went on to say that 102 000 modern pieces were sold at auction between July 2021 and June 2021 for a total of $ 2. 7 billion.
paintings by Picasso, Matis, and Montach that are for sale during a contemporary art exhibition in Paris
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