Art Basel Report 2023

The mother of highly anticipated art fairs celebrated its annual Switzerland edition last week. With various private events preceding its opening to the public on 15 June, the fair was open for four days and welcomed around 82,000 visitors from around the world.
The first Basel edition with Noah Horowitz as the new CEO, this year’s fair showed around 280 galleries, slightly less than in 2022. With strict entry requirements and a square meter price of around 840 CHF for exhibitors (prices vary and depend on overall booth size), the numbers of participating galleries fluctuate from year to year. However, this year’s decline is certainly also owed to currently economically challenging times for many resulting in a temporary scarcity of available masterpieces throughout.