Dubai Telegraph - Art Basel confirms rise of Paris in art world

EUR -
AED 4.292856
AFN 74.811013
ALL 95.758004
AMD 439.584403
AOA 1071.899958
ARS 1615.399361
AUD 1.65382
AWG 2.105518
AZN 2.052807
BAM 1.956344
BBD 2.351384
BDT 143.419901
BHD 0.440959
BIF 3471.693024
BMD 1.16892
BND 1.489127
BOB 8.067279
BRL 5.958571
BSD 1.16744
BTN 108.113854
BWP 15.725577
BYN 3.39093
BYR 22910.83612
BZD 2.348014
CAD 1.616324
CDF 2688.516258
CHF 0.924049
CLF 0.026465
CLP 1041.578414
CNY 7.985887
CNH 7.984561
COP 4272.239719
CRC 542.755646
CUC 1.16892
CUP 30.976386
CVE 110.478184
CZK 24.375844
DJF 207.740664
DKK 7.472498
DOP 70.57353
DZD 154.700132
EGP 62.058327
ERN 17.533803
ETB 182.994654
FJD 2.583902
FKP 0.869768
GBP 0.871109
GEL 3.144048
GGP 0.869768
GHS 12.875695
GIP 0.869768
GMD 86.499858
GNF 10257.274577
GTQ 8.931523
GYD 244.248998
HKD 9.158197
HNL 31.128258
HRK 7.533805
HTG 153.113908
HUF 377.188921
IDR 19997.594726
ILS 3.572448
IMP 0.869768
INR 108.282946
IQD 1531.285475
IRR 1538298.996652
ISK 143.403564
JEP 0.869768
JMD 184.583722
JOD 0.828765
JPY 186.171615
KES 150.966141
KGS 102.220317
KHR 4690.288808
KMF 492.115113
KPW 1051.974571
KRW 1731.059719
KWD 0.361091
KYD 0.972883
KZT 556.712029
LAK 25675.332478
LBP 104620.483213
LKR 368.367212
LRD 215.373677
LSL 19.088267
LTL 3.451517
LVL 0.707068
LYD 7.428482
MAD 10.836555
MDL 20.162127
MGA 4851.019228
MKD 61.629212
MMK 2454.475424
MNT 4179.182492
MOP 9.420942
MRU 46.768658
MUR 54.378586
MVR 18.060309
MWK 2030.414798
MXN 20.320043
MYR 4.634758
MZN 74.752294
NAD 19.088101
NGN 1591.777358
NIO 42.922942
NOK 11.118535
NPR 172.980345
NZD 1.998479
OMR 0.449448
PAB 1.16743
PEN 3.94218
PGK 5.039507
PHP 69.930678
PKR 326.157928
PLN 4.250153
PYG 7542.19513
QAR 4.262
RON 5.091462
RSD 117.37248
RUB 90.731993
RWF 1708.376887
SAR 4.386329
SBD 9.408151
SCR 16.899377
SDG 702.520794
SEK 10.873878
SGD 1.489894
SLE 28.7552
SOS 668.039996
SRD 43.922762
STD 24194.28831
STN 24.90969
SVC 10.214973
SYP 129.228602
SZL 19.088686
THB 37.607722
TJS 11.108433
TMT 4.097065
TND 3.370873
TRY 52.231832
TTD 7.919305
TWD 37.128178
TZS 3045.036993
UAH 50.709959
UGX 4302.21534
USD 1.16892
UYU 47.383385
UZS 14284.205282
VES 555.311151
VND 30780.591435
VUV 139.726541
WST 3.237081
XAF 656.14797
XAG 0.01541
XAU 0.000245
XCD 3.159065
XCG 2.104112
XDR 0.816038
XOF 656.347347
XPF 119.331742
YER 278.846329
ZAR 19.188936
ZMK 10521.677406
ZMW 22.269481
ZWL 376.391831
  • RBGPF

    -13.5000

    69

    -19.57%

  • AZN

    0.7200

    204.99

    +0.35%

  • RIO

    -1.3200

    97.13

    -1.36%

  • CMSC

    0.1000

    22.39

    +0.45%

  • BCE

    -0.2300

    23.89

    -0.96%

  • BTI

    -1.1000

    58.85

    -1.87%

  • NGG

    0.3600

    90.32

    +0.4%

  • RYCEF

    1.9800

    17.23

    +11.49%

  • GSK

    0.9900

    58.36

    +1.7%

  • CMSD

    0.0900

    22.59

    +0.4%

  • RELX

    -0.5900

    33.34

    -1.77%

  • BCC

    1.3500

    80.58

    +1.68%

  • BP

    0.0100

    45.9

    +0.02%

  • JRI

    0.1300

    12.98

    +1%

  • VOD

    0.0800

    15.85

    +0.5%

Art Basel confirms rise of Paris in art world
Art Basel confirms rise of Paris in art world / Photo: STEPHANE DE SAKUTIN - AFP

Art Basel confirms rise of Paris in art world

Art Basel launched its inaugural fair in Paris on Thursday, seen as capping the re-emergence of the French capital as a major arts hub following the impact of Brexit on its main rival, London.

Text size:

But the event also raised eyebrows for controversially replacing a longstanding local art event.

With "Paris + Art Basel", the world's biggest fair organiser has added another major city to its roster. Art Basel already runs events in Basel, Miami and Hong Kong.

It profited from the surprise decision by the Grand Palais venue at the end of last year to suddenly replace the long-running Foire Internationale d'Art Contemporain (FIAC).

Since then, Art Basel has sought to allay fears among French galleries that they might lose their privileged status under the new ownership.

The Swiss giant appointed a largely local team to oversee the new fair. At this week's event, which runs until Sunday, 61 of the 156 galleries on display are French.

There was a shot of youth, too: 16 of the artists exhibiting are aged under 40, twice the number at FIAC last year.

Among them was Sophie Dunkelberg, 34, from Berlin, with a series of sculptures of miniature horses, lying down with their eyes closed.

"In cities around the world, sculptures of horses stand on their two hind legs to symbolise power and majesty. I wanted to deconstruct this absurd image," she told AFP.

- Paris on the rise -

Paris is on the rise, said Thaddaeus Ropac, an Austrian gallery owner with outlets in London, Paris, Salzburg and Seoul.

"The French capital is experiencing a renaissance of contemporary art, collectors from around the world are returning, international galleries are establishing themselves here."

Though partly linked to Brexit, he said Paris was also benefiting from several major new museums including the Louis Vuitton Foundation and Bourse de Commerce, created by rival luxury goods billionaires.

Patrick Goddard, a 38-year-old British artist at the fair, agreed.

"Paris is once again becoming a centre for contemporary and modern art in Europe," he said.

He said his models of snails invading train stations and houses -- a comment on the treatment of migrants -- had sold quickly to "a big American family" at the show.

Haunting some of the more traditional gallery owners is a digital future exemplified by NFTs still a huge draw despite wild fluctuations in the market.

NFTs or "Non-Fungible Token", are digital works that cannot be replaced with anything else and are therefore unique.

"The quality of the works we've seen (in NFTs) up to now is not of the sort that interests me," said Ropac.

"But artists will have more and more recourse to using them, so we have to take them seriously."

British artist Damien Hirst tackled that issue head on at his show that opened in London last week.

He made NFTs of thousands of colourful spot paintings, then made buyers choose between the original and its online avatar.

Then he burned the original works of those who chose the NFT version.

A.Krishnakumar--DT