Are the Basel Fairs Eating Each Other? Kenny Schachter Has a Theory

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Makes you wonder if the Basels are unwittingly at war with themselves, and the death of one or the other is imminent. Photo by Kenny Schachter."},{"@type":"WebPage","@id":"https://news.artnet.com/market/kenny-schachter-basel-nfts-diary-2501772#webpage","url":"https://news.artnet.com/market/kenny-schachter-basel-nfts-diary-2501772","name":"Are the Basel Fairs Eating Each Other? 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Kenny Schachter Has a Theory—and News of a Big Bezos Art Deal","datePublished":"2024-06-18T17:59:19+00:00","dateModified":"2024-06-19T19:36:25+00:00","mainEntityOfPage":{"@id":"https://news.artnet.com/market/kenny-schachter-basel-nfts-diary-2501772#webpage"},"wordCount":2019,"publisher":{"@id":"https://news.artnet.com/#organization"},"image":{"@id":"https://news.artnet.com/market/kenny-schachter-basel-nfts-diary-2501772#primaryimage"},"thumbnailUrl":"https://news.artnet.com/app/news-upload/2024/06/RED-BENCHES-TUMBLEWEEDS-scaled.jpg","articleSection":"Kenny Schachter","inLanguage":"en-US","isAccessibleForFree":"True","hasPart":{"@type":"WebPageElement","isAccessibleForFree":"True","cssSelector":".article-body"},"alternativeHeadline":"Are the Basel Fairs Eating Each Other? 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Co-author of The NFT Book (2023), he writes for major publications, and had a midcareer survey at the Francisco Carolinum Museum in Austria in 2023/4.","sameAs":["https://www.kennyschachter.art/","https://www.instagram.com/kennyschachter/?hl=en","https://twitter.com/https://twitter.com/kennyschac","https://www.youtube.com/@kennyschachter8880/videos"],"url":"https://news.artnet.com/about/kenny-schachter-289"}]}</script>  <link rel='dns-prefetch' href='//news.artnet.com' /> <link rel='dns-prefetch' href='//static.addtoany.com' /> <link rel='dns-prefetch' href='//ak.sail-horizon.com' /> <link rel='dns-prefetch' href='//js.stripe.com' /> <link rel='dns-prefetch' href='//s.w.org' /> <script type="text/javascript"> window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/13.1.0\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/13.1.0\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/news.artnet.com\/wp\/wp-includes\/js\/wp-emoji-release.min.js?ver=5.9.10"}}; /*! 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left: auto; z-index: 1;}.gm-navbar #gm-main-menu {flex-grow: 1; display: flex;}.gm-navbar .gm-main-menu-wrapper {flex-grow: 1; align-items: stretch;}.gm-navbar.gm-top-links-align-left #gm-main-menu {justify-content: flex-start;}.gm-navbar.gm-top-links-align-center #gm-main-menu {justify-content: center;}.gm-navbar.gm-top-links-align-center .gm-logo {position: absolute; top: 50%; transform: translateY(-50%);}.gm-navbar.gm-top-links-align-right #gm-main-menu {justify-content: flex-end;}.gm-navbar .gm-toolbar-bg {position: absolute; top: 0; left: 0; width: 100%; height: 100%; transition: opacity 0.2s; z-index: -1;}.gm-navbar .gm-navbar-nav > .gm-menu-item > .gm-anchor > .gm-caret i {transform: none;}.gm-navbar .gm-navbar-nav > .gm-dropdown > .gm-dropdown-menu-wrapper {top: 100%;}.gm-navbar .gm-logo a img {transition: height 0.2s, line-height 0.2s;}.gm-navbar .gm-search {transition: height 0.2s, line-height 0.2s;}}@media (min-width: 1024px) {.gm-dropdown-appearance-animate-from-bottom .gm-dropdown > .gm-dropdown-menu-wrapper {transition: all 0.2s; transform: translateY(40px);}.gm-dropdown-appearance-animate-from-bottom .gm-dropdown.gm-open > .gm-dropdown-menu-wrapper {visibility: visible; transform: translateY(0); opacity: 1;}}@media (min-width: 1024px) {.gm-navbar .gm-dropdown-menu .gm-dropdown-toggle .gm-caret {font-size: 11px}}.gm-navbar:not(.gm-navbar-sticky-toggle) .gm-navbar-nav > li.current-menu-item > .gm-anchor, .gm-navbar:not(.gm-navbar-sticky-toggle) .gm-navbar-nav > li.current-menu-ancestor > .gm-anchor, .gm-navbar:not(.gm-navbar-sticky-toggle) .gm-navbar-nav > li.current-page-ancestor > .gm-anchor, .gm-navbar:not(.gm-navbar-sticky-toggle) .gm-navbar-nav > li.current-menu-parent > .gm-anchor, .gm-navbar:not(.gm-navbar-sticky-toggle) .gm-navbar-nav > .menu-item > .gm-anchor:hover, .gm-navbar:not(.gm-navbar-sticky-toggle) .gm-navbar-nav > .menu-item.gm-open > .gm-anchor {color: rgba(90, 90, 90, 1) !important}@media (min-width: 1024px) {.gm_action__visibility__mobile {display: none !important;}}@media (max-width: 1023px) {.gm_action__visibility__desktop {display: none !important;}}.gm-dropdown-menu, .gm-minicart-dropdown {transition: all 0.17s;}@media (min-width: 1024px) {.gm-navbar--shadow-dropdown-tiny.gm-navbar--has-shadow-dropdown .gm-dropdown-menu {box-shadow: 0 3px 6px 0 rgba(0, 0, 0, 0.1);}.gm-navbar--shadow-dropdown-medium.gm-navbar--has-shadow-dropdown .gm-dropdown-menu {box-shadow: 0 8px 15px 0 rgba(0, 0, 0, 0.1);}.gm-navbar--shadow-dropdown-large.gm-navbar--has-shadow-dropdown .gm-dropdown-menu {box-shadow: 0 12px 30px 10px rgba(0, 0, 0, 0.1), 0 2px 4px 1px rgba(0, 0, 0, 0.1);}.gm-navbar--shadow-dropdown-deep.gm-navbar--has-shadow-dropdown .gm-dropdown-menu {box-shadow: 0px 5px 15px 3px rgba(0, 0, 0, 0.1), 0 3px 4px 2px rgba(0, 0, 0, 0.1);}}.gm-navbar, .gm-main-menu-wrapper, .gm-navigation-drawer {font-family: inherit}.gm-navbar:not(.gm-navbar-sticky-toggle) .gm-inner-bg, .gm-padding {background-color: rgba(255, 255, 255, 1)}@media (min-width: 1024px) {.gm-padding {padding-top: 44px}}@media (max-width: 1023px) {.gm-padding {padding-top: 50px}}.gm-navbar:not(.gm-navbar-sticky-toggle) .gm-inner {border-bottom-color: rgba(0, 0, 0, 0); border-bottom-width: 0px}.gm-navbar ~ .gm-main-menu-wrapper .gm-menu-item__icon, .gm-navbar .gm-main-menu-wrapper .gm-menu-item__icon, .gm-toolbar-nav-container .gm-menu-item__icon {margin-right: 8px;}.gm-main-menu-wrapper .gm-navbar-nav .gm-menu-item__icon {display: none}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-navbar-nav > .gm-dropdown:not(.mega-gm-dropdown) .gm-dropdown-menu {min-width: 230px}}@media (min-width: 1024px) {.gm-navbar #gm-toolbar .gm-toolbar-social-link:hover {color: rgba(165, 226, 94, 1) !important}.gm-navbar .gm-main-menu-wrapper .gm-actions .gm-toolbar-social-link:hover {color: rgba(165, 226, 94, 1) !important}}@media (min-width: 1024px) {.gm-navbar:not(.gm-navbar-sticky-toggle) .gm-logo__img-default {display: flex;}}@media (min-width: 1024px) {.gm-navbar:not(.gm-navbar-sticky-toggle) .gm-logo__img-alt {display: none;}}@media (min-width: 1024px) {.gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav > .menu-item > .gm-anchor {color: rgba(90, 90, 90, 1)}}@media (min-width: 1024px) {.gm-navbar:not(.gm-navbar-sticky-toggle) .gm-main-menu-wrapper .gm-nav-inline-divider {background-color: rgba(90, 90, 90, 1)}.gm-navbar--has-divider .gm-navbar-nav > li:not(:last-of-type) > .gm-anchor {position: relative;}.gm-navbar--has-divider .gm-navbar-nav > li:not(:last-of-type) > .gm-anchor::before {position: absolute; width: 1px; height: 30px; opacity: 0.25; content: ""; top: 50%; right: 0; transform: translateY(-50%);}.gm-navbar.gm-navbar--has-divider:not(.gm-navbar-sticky-toggle) .gm-main-menu-wrapper .gm-navbar-nav > li:not(:last-of-type) > .gm-anchor::before {background-color: rgba(90, 90, 90, 1)}}@media (min-width: 1024px) {.gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav .gm-dropdown-menu .gm-menu-item__link {color: rgba(110, 110, 111, 1)}}@media (min-width: 1024px) {.gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav .gm-dropdown-menu .gm-menu-item__link:hover {color: rgba(214, 73, 111, 1) !important}.gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav .gm-dropdown-menu .gm-mega-menu-title-item > .gm-mega-menu__item__title:hover .gm-anchor:not(.gm-anchor--empty) .gm-menu-item__txt {color: rgba(214, 73, 111, 1)}}@media (min-width: 1024px) {.gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav .gm-dropdown-menu li.current-menu-ancestor > .gm-menu-item__link, .gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav .gm-dropdown-menu li.current-page-ancestor > .gm-menu-item__link, .gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav .gm-dropdown-menu li.current-menu-item > .gm-menu-item__link {color: rgba(204, 32, 59, 1)}.gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav .gm-dropdown-menu .gm-mega-menu__item.current-menu-ancestor > .gm-mega-menu__item__title .gm-menu-item__txt, .gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav .gm-dropdown-menu .gm-mega-menu__item.current-page-ancestor > .gm-mega-menu__item__title .gm-menu-item__txt, .gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav .gm-dropdown-menu .gm-mega-menu__item.current-menu-item > .gm-mega-menu__item__title .gm-menu-item__txt {color: rgba(204, 32, 59, 1)}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-mega-menu__item__title, .gm-main-menu-wrapper .gm-mega-menu__item__title .gm-menu-item__txt {color:rgba(110, 110, 111, 1)}}.gm-navigation-drawer {background-color: rgba(255, 255, 255, 1);}.gm-mobile-submenu-style-slider .gm-navbar-nav .gm-dropdown-menu-wrapper {background-color: rgba(255, 255, 255, 1);}.gm-navigation-drawer .gm-anchor, .gm-navigation-drawer .gm-mega-menu__item__title, .gm-navigation-drawer--mobile .gm-navbar-nav .gm-dropdown-menu-title {color: rgba(90, 90, 90, 1) !important}.gm-navigation-drawer .gm-anchor, .gm-navigation-drawer .gm-mega-menu__item__title {border-bottom: 1px dotted rgba(90, 90, 90, 1)}.gm-navigation-drawer .gm-divider--vertical {border-color: rgba(90, 90, 90, 1)}@media (max-width: 1023px) {.gm-navbar .gm-container {flex-direction: row-reverse !important;}}@media (max-width: 1023px) {.gm-navigation-drawer .gm-search, .gm-navigation-drawer .gm-minicart {color: rgb(90, 90, 90, 1) !important;}}.gm-navigation-drawer .gm-anchor:hover, .gm-navigation-drawer li.current-menu-parent > .gm-anchor, .gm-navigation-drawer li.current-menu-item > .gm-anchor {color: rgba(90, 90, 90, 1) !important}.gm-navigation-drawer--mobile .gm-mobile-menu-container {z-index: 20;}.gm-navigation-drawer--mobile .gm-menu-btn.gm-hamburger-close {display: block; position: relative; margin-top: 8px; margin-bottom: 8px; z-index: 10; width: 24px; height: 24px;}.gm-navigation-drawer--mobile .gm-menu-btn.gm-hamburger-close .gm-menu-btn__inner {display: block; box-sizing: content-box; text-align: center;}.gm-navigation-drawer--mobile.gm-navigation-drawer--right .gm-menu-btn.gm-hamburger-close {margin-right: auto; margin-left: 0;}.gm-navigation-drawer--mobile.gm-navigation-drawer--left .gm-menu-btn.gm-hamburger-close {margin-right: 0; margin-left: auto;}.gm-navigation-drawer--mobile {max-width: 100%; width: 100%;}.gm-navigation-drawer--mobile {overflow: visible;}.gm-navigation-drawer--mobile .gm-burger {position: absolute;}.gm-navigation-drawer--mobile.gm-navigation-drawer--right .gm-burger {right: calc( 100% + 16px );}.gm-navigation-drawer--mobile.gm-navigation-drawer--left .gm-burger {left: calc( 100% + 16px );}.gm-navigation-drawer--open .gm-burger {margin-top: 8px !important; z-index: 10;}.gm-navigation-drawer--open.gm-navigation-drawer--right .gm-burger {right: calc( 100% - 24px );}.gm-navigation-drawer--open.gm-navigation-drawer--left .gm-burger {left: calc( 100% - 24px );}@media (max-width: 1023px) {.gm-navigation-drawer--open .gm-burger .hamburger-inner, .gm-navigation-drawer--open .gm-burger .hamburger-inner::after, .gm-navigation-drawer--open .gm-burger .hamburger-inner::before {background-color: rgba(104, 104, 104, 1) !important;}.gm-navigation-drawer .gm-hamburger-close .gm-menu-btn__inner {color: rgba(104, 104, 104, 1);}}@media (max-width: 1023px) {.gm-navigation-drawer--open .gm-burger .hamburger-box, .gm-navigation-drawer--open .gm-burger .hamburger-inner, .gm-navigation-drawer--open .gm-burger .hamburger-inner::after, .gm-navigation-drawer--open .gm-burger .hamburger-inner::before {width: 24px !important;}.gm-navigation-drawer--open .gm-burger .hamburger-box {height: 24px !important;}.gm-navigation-drawer .gm-hamburger-close .gm-menu-btn__inner {width: 24px; height: 24px;}.gm-navigation-drawer .gm-hamburger-close .gm-menu-btn__inner > i {font-size: 24px; width: 24px; height: 24px;}}@media (max-width: 1023px) {.gm-navigation-drawer--open .gm-burger {background-color: rgba(0, 0, 0, 0) !important;}.gm-navigation-drawer .gm-hamburger-close .gm-menu-btn__inner {background-color: rgba(0, 0, 0, 0);}}@media (max-width: 1023px) {.gm-navigation-drawer--mobile .gm-menu-btn-close-mobile-drawer {padding: 12px 0px 12px 0px;}}@media (max-width: 1023px) {.gm-navigation-drawer--mobile .gm-menu-btn-close-mobile-drawer {display: flex; flex-wrap: nowrap; flex-direction: row; align-content: center; justify-content: flex-start; flex: 0; width: 100%;}}@media (max-width: 1023px) {.gm-menu-btn-close-mobile-drawer .hamburger {padding: 0; cursor: pointer; justify-content: center; padding: 0; min-width: 24px;}.gm-menu-btn-close-mobile-drawer .hamburger .hamburger-box, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner::after, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner::before {width: 24px;}.gm-menu-btn-close-mobile-drawer .hamburger .hamburger-box {height: 24px;}.gm-menu-btn-close-mobile-drawer .gm-menu-btn__inner {font-size: 24px;}}@media (max-width: 1023px) {.gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner::after, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner::before {height: 3px;}}@media (max-width: 1023px) {.gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner::after, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner::before {background-color: rgba(104, 104, 104, 1);}.gm-menu-btn-close-mobile-drawer .gm-menu-btn__inner {color: rgba(104, 104, 104, 1);}}@media (max-width: 1023px) {.gm-menu-btn-close-mobile-drawer .hamburger {background-color: rgba(0, 0, 0, 0);}.gm-menu-btn-close-mobile-drawer .gm-menu-btn__inner {background-color: rgba(0, 0, 0, 0);}}@media (max-width: 1023px) {.gm-anchor, .gm-mega-menu__item__title {padding:9px 0;}.gm-navigation-drawer .gm-caret {position: absolute; right: 0; height: 38px; top: auto; padding: calc( 9px + 3px ) 0 9px 18px; min-width: 50px;}.gm-navigation-drawer .gm-dropdown > .gm-anchor {position: relative;}.gm-navigation-drawer .gm-dropdown > .gm-anchor .gm-menu-item__txt-wrapper {padding-right: 50px;}}.gm-navigation-drawer--mobile.gm-navigation-drawer--right {transform: translate3d(calc( 100% ), 0, 0); right: 0}@media (max-width: 1023px) {.gm-hide-on-mobile {display: none;}.gm-hide-on-mobile-by-option {display: none !important;}}@media (max-width: 1023px) {.gm-inner .gm-container {height: 50px;}}@media (max-width: 1023px) {.gm-navigation-drawer--mobile .gm-navbar-nav > .gm-menu-item > .gm-anchor, .gm-navigation-drawer--mobile .gm-navbar-nav .gm-dropdown-menu-title {font-size: 12px}}@media (max-width: 1023px) {.gm-navigation-drawer--mobile .gm-navbar-nav > .gm-menu-item > .gm-anchor, .gm-navigation-drawer--mobile .gm-navbar-nav .gm-dropdown-menu-title {text-transform: uppercase}}@media (max-width: 1023px) {.gm-navigation-drawer--mobile .gm-dropdown-menu .gm-anchor {font-size: 11px}}@media (max-width: 1023px) {.gm-navigation-drawer--mobile .gm-dropdown-menu .gm-anchor {text-transform: uppercase}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-navbar-nav > li > .gm-anchor {font-size: 14px}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-menu-item__link {font-size: 11px}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-navbar-nav > li > .gm-anchor {text-transform: uppercase}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-menu-item__link {text-transform: uppercase}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-mega-menu__item__title, .gm-main-menu-wrapper .gm-mega-menu__item__title .gm-menu-item__txt {text-transform: uppercase}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-mega-menu__item__title, .gm-main-menu-wrapper .gm-mega-menu__item__title .gm-menu-item__txt {font-size: 13px}}#lang_sel_click {display: none}@media (max-width: 1023px) {.gm-navbar .gm-logo {flex: 1 1; justify-content: flex-start;}}@media (min-width: 1024px) {.gm-burger {display: none;}}@media (max-width: 1023px) {.gm-burger {display: block;}}@media (min-width: 1024px) {.gm-menu-btn__inner {color: rgba(104, 104, 104, 1);}.gm-menu-actions-wrapper a.gm-minicart-link {color: rgba(104, 104, 104, 1) !important;}}@media (min-width: 1024px) {.gm-menu-btn__inner {font-size: 24px;}}@media (min-width: 1024px) {.gm-menu-btn__inner {background-color: rgba(0, 0, 0, 0);}}@media (max-width: 1023px) {.gm-menu-btn__inner {color: rgba(104, 104, 104, 1);}.gm-menu-actions-wrapper .gm-search > .gm-icon {color: rgba(104, 104, 104, 1);}.gm-menu-actions-wrapper a {color: rgba(104, 104, 104, 1);}.gm-menu-actions-wrapper a.gm-minicart-link {color: rgba(104, 104, 104, 1) !important;}.gm-burger .hamburger-inner, .gm-burger .hamburger-inner::after, .gm-burger .hamburger-inner::before {background-color: rgba(104, 104, 104, 1);}.gm-burger.hamburger.is-active .hamburger-inner, .gm-burger.hamburger.is-active .hamburger-inner::after, .gm-burger.hamburger.is-active .hamburger-inner::before {background-color: rgba(104, 104, 104, 1);}}@media (max-width: 1023px) {.gm-navbar .gm-menu-actions-wrapper .gm-minicart {display: none;}}@media (max-width: 1023px) {.gm-navbar .gm-menu-actions-wrapper .gm-search {display: none;}}@media (min-width: 1024px) {.gm-navbar ~ .gm-navbar ~ .gm-main-menu-wrapper .gm-actions > .gm-search {display: none;}.gm-navbar .gm-menu-actions-wrapper > .gm-search {display: none;}}@media (min-width: 1024px) {.gm-navbar ~ .gm-main-menu-wrapper .gm-actions > .gm-minicart {display: none;}.gm-navbar .gm-menu-actions-wrapper > .gm-minicart {display: none;}}@media (max-width: 1023px) {.gm-menu-btn__inner, .gm-navbar .gm-menu-actions-wrapper .gm-minicart .gm-icon {font-size: 24px;}.gm-navbar .gm-menu-actions-wrapper .gm-search > .gm-icon {font-size: 24px;}.gm-burger .hamburger-box, .gm-burger .hamburger-inner, .gm-burger .hamburger-inner::after, .gm-burger .hamburger-inner::before {width: 24px;}.gm-burger .hamburger-box {height: 24px;}}@media (max-width: 1023px) {.gm-menu-btn__inner, .gm-burger {background-color: 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31.6559 45.433 29.8863 45.433 25.9048V10.5192H41.8932V6.83257H45.433V0H49.8087V6.83257ZM76.9475 8.99539C78.8158 11.0108 78.865 14.2058 78.865 16.8111V31.4101H74.2927V17.0568C74.2927 14.7957 74.3418 12.7803 72.8177 11.3548C71.4411 9.97849 69.8187 9.92934 68.4421 9.92934C66.2788 9.92934 62.0507 10.8141 62.0507 17.8433V31.4101H57.6259V6.83257H62.0507V10.5684C63.2798 7.81567 65.6889 6.2427 69.622 6.2427C72.8669 6.2427 75.1776 7.1275 76.9475 8.99539ZM102.611 11.1091C104.086 13.4685 104.873 16.9585 104.676 20.4485H86.0381C86.1364 25.8556 88.398 28.4608 93.0195 28.4608C97.1985 28.4608 99.46 26.6912 100.05 22.9555L104.327 23.2995C103.246 29.0507 99.3125 32 93.0735 32C89.2879 32 86.338 30.8694 84.2239 28.4117C82.159 26.1014 81.2249 22.9063 81.2249 19.0722C81.2249 15.4347 82.2573 12.2396 84.3222 9.92934C86.4855 7.47158 89.4845 6.2427 93.0244 6.2427C96.9084 6.2427 100.596 7.91398 102.611 11.1091ZM87.2721 12.4854C86.5018 13.815 86.0949 15.3237 86.0922 16.8602H100.153C100.076 15.3153 99.6198 13.813 98.8258 12.4854C97.5475 10.6175 95.7284 9.83103 93.0735 9.83103C90.3203 9.83103 88.2554 10.8633 87.2721 12.4854ZM112.985 10.5192V25.7573C112.985 27.3794 113.723 27.6743 115.542 27.6743C116.301 27.6502 117.057 27.568 117.803 27.4286L117.902 31.4101C117.009 31.5695 116.104 31.6517 115.198 31.6559C110.625 31.6559 108.61 29.8863 108.61 25.9048V10.5192H105.07V6.83257H108.61V0H112.985V6.83257H117.995V10.5192H112.985Z"></path></svg><h1 class="-mt-2 text-3xl">Price Database</h1></div><div class="hidden pl-4 print:flex print:h-7 print:flex-initial print:items-center print:justify-between print:text-xs print:text-neutral-400"><div>16 February 2025</div></div></header><header class="h-[56px] lg:h-[123px] print:hidden"><div class="hidden js_GlobalHeader bg-white duration-700 lg:block dark:bg-black border-b-[1px] border-neutral-200 fixed top-0 left-0 right-0 transition ease-in-out z-[1500]"><div><div class="js_GlobalHeaderDesktop mx-auto bg-white px-8 pt-8 dark:bg-black" style="max-width:137.2rem"><div class="relative" data-headlessui-state=""><div><div class="flex items-center justify-center pb-6"><a href="https://www.artnet.com/" class="js_ArtnetLogo"><svg class="inline-block h-6 fill-brand-black -ml-[0.6rem] fill-black dark:fill-white" viewBox="0 0 118 32" xmlns="http://www.w3.org/2000/svg"><path d="M23.599 27.7727L23.6973 31.4101C22.7865 31.5507 21.8657 31.6164 20.9441 31.6068C18.2401 31.6068 16.7651 30.3287 16.5193 27.7727C15.1427 30.5745 12.4386 32 8.25966 32C4.08066 32 0 29.7389 0 24.9217C0 19.6129 4.47398 18.1383 8.35799 17.4009L16.4701 15.828C16.4701 13.616 16.3718 12.3871 15.6343 11.3548C14.8969 10.3226 13.3236 9.73272 11.1604 9.73272C6.88305 9.73272 5.16229 11.3057 5.16229 15.0415L0.835799 14.4516C0.934128 11.5023 1.96658 9.33948 3.88401 8.06144C5.65393 6.88172 8.25966 6.2427 11.4062 6.2427C17.6009 6.2427 20.7475 8.99539 20.7475 14.3533V26.1014C20.7475 27.3794 20.7475 27.9693 22.1732 27.9693C22.6546 27.9608 23.1333 27.8948 23.599 27.7727ZM16.4701 19.1214L9.04629 20.7435C6.44057 21.3333 4.52315 22.0707 4.52315 24.8725C4.52315 27.1828 6.5389 28.4608 8.94796 28.4608C14.3069 28.4608 16.4701 25.659 16.4701 22.1198V19.1214ZM37.8076 6.63594C38.2009 6.58679 39.135 6.58679 39.4792 6.58679L39.3809 10.765C39.0057 10.7206 38.6277 10.7042 38.2501 10.7158C33.5794 10.7158 30.1871 12.1905 30.1871 20.1045V31.4101H25.7623V6.83257H30.1871V11.5023C30.8754 9.19201 33.7761 7.1275 37.8076 6.63594ZM49.8087 6.83257H54.8235V10.5192H49.8087V25.7573C49.8087 27.3794 50.5462 27.6743 52.3652 27.6743C53.1243 27.6502 53.8803 27.568 54.6268 27.4286L54.7251 31.4101C53.8325 31.5695 52.9278 31.6517 52.0211 31.6559C47.4488 31.6559 45.433 29.8863 45.433 25.9048V10.5192H41.8932V6.83257H45.433V0H49.8087V6.83257ZM76.9475 8.99539C78.8158 11.0108 78.865 14.2058 78.865 16.8111V31.4101H74.2927V17.0568C74.2927 14.7957 74.3418 12.7803 72.8177 11.3548C71.4411 9.97849 69.8187 9.92934 68.4421 9.92934C66.2788 9.92934 62.0507 10.8141 62.0507 17.8433V31.4101H57.6259V6.83257H62.0507V10.5684C63.2798 7.81567 65.6889 6.2427 69.622 6.2427C72.8669 6.2427 75.1776 7.1275 76.9475 8.99539ZM102.611 11.1091C104.086 13.4685 104.873 16.9585 104.676 20.4485H86.0381C86.1364 25.8556 88.398 28.4608 93.0195 28.4608C97.1985 28.4608 99.46 26.6912 100.05 22.9555L104.327 23.2995C103.246 29.0507 99.3125 32 93.0735 32C89.2879 32 86.338 30.8694 84.2239 28.4117C82.159 26.1014 81.2249 22.9063 81.2249 19.0722C81.2249 15.4347 82.2573 12.2396 84.3222 9.92934C86.4855 7.47158 89.4845 6.2427 93.0244 6.2427C96.9084 6.2427 100.596 7.91398 102.611 11.1091ZM87.2721 12.4854C86.5018 13.815 86.0949 15.3237 86.0922 16.8602H100.153C100.076 15.3153 99.6198 13.813 98.8258 12.4854C97.5475 10.6175 95.7284 9.83103 93.0735 9.83103C90.3203 9.83103 88.2554 10.8633 87.2721 12.4854ZM112.985 10.5192V25.7573C112.985 27.3794 113.723 27.6743 115.542 27.6743C116.301 27.6502 117.057 27.568 117.803 27.4286L117.902 31.4101C117.009 31.5695 116.104 31.6517 115.198 31.6559C110.625 31.6559 108.61 29.8863 108.61 25.9048V10.5192H105.07V6.83257H108.61V0H112.985V6.83257H117.995V10.5192H112.985Z"></path></svg></a></div><div class="flex"><div class="flex items-baseline pb-4 flex grow"><div class="relative" data-headlessui-state=""><nav class="flex"><button type="button" class="w-[1px] cursor-pointer opacity-0" tabindex="-1" aria-hidden="true"></button><div class="relative dark:text-white" data-headlessui-state=""><a href="https://www.artnet.com/artists" class="js_NavLink items-center pr-7 text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373]" data-testid="artists">Artists</a><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"></ul></div></div></div><div class="relative dark:text-white" data-headlessui-state=""><button 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class="js_NavLink dark:text-white" data-testid="global-auctions">Global Auction Houses</a></li></ul></div></div></div><div class="relative dark:text-white" data-headlessui-state=""><a href="https://www.artnet.com/galleries/" class="js_NavLink items-center pr-7 text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373]" data-testid="galleries">Galleries</a><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"></ul></div></div></div><div class="relative dark:text-white" data-headlessui-state=""><a href="https://www.artnet.com/events/" class="js_NavLink items-center pr-7 text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373]" data-testid="events">Events</a><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"></ul></div></div></div><div class="relative dark:text-white" data-headlessui-state=""><a href="https://news.artnet.com/" class="js_NavLink items-center pr-7 text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373]" data-testid="news">News</a><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"></ul></div></div></div><div class="relative dark:text-white" data-headlessui-state=""><button type="button" class="items-center pr-7 text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373]">Price Database<svg xmlns="http://www.w3.org/2000/svg" class="inline h-6" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" d="m6 10 6 6 6-6"></path></svg></button><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/price-database" class="js_NavLink dark:text-white" data-testid="price-database">Use the Artnet Price Database</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/market-alerts" class="js_NavLink dark:text-white" data-testid="market-alerts">Market Alerts</a></li><li 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class="relative dark:text-white font-bold pr-4" data-headlessui-state=""><button type="button" class="items-center text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373] font-bold pr-4">Buy<svg xmlns="http://www.w3.org/2000/svg" class="inline h-6" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" d="m6 10 6 6 6-6"></path></svg></button><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/artists/" class="js_NavLink dark:text-white" data-testid="browse-artists">Browse Artists</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/auctions/" class="js_NavLink dark:text-white" data-testid="artnet-auctions">Artnet Auctions</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/galleries/" class="js_NavLink dark:text-white" data-testid="galleries">Browse Galleries</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/auction-houses/" class="js_NavLink dark:text-white" data-testid="global-auctions">Global Auction Houses</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/events/" class="js_NavLink dark:text-white" data-testid="events">Events & Exhibitions</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/auctions/meet-the-specialists/" class="js_NavLink dark:text-white" data-testid="expert">Speak With a Specialist</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com#" class="js_NavLink dark:text-white" data-testid="financing">Art Financing</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/auctions/how-to-buy" class="js_NavLink dark:text-white" data-testid="how-to-buy">How to Buy</a></li></ul></div></div></div><div class="relative dark:text-white font-bold pr-10 before:absolute before:right-[1.4rem] before:top-[0.38rem] before:h-3 before:w-[1px] before:bg-neutral-200" data-headlessui-state=""><button type="button" class="items-center text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373] font-bold pr-10 before:absolute before:right-[1.4rem] 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Kenny Schachter Has a Theory—and News of a Big Bezos Art Deal" data-analytics='{"pageType":"Article Detail","pageCategory":"Kenny Schachter","tags":["Art Fairs"],"author":["Kenny Schachter"],"date":"06\/24","artistId":[],"galleryId":[],"auctionHouseId":[],"clientId":"CLIENT_ID(AMP_ECID_GOOGLE,,_ga)","registrationType":"Not Signed Up"}' data-ad-targeting='[{"name":"environment","value":"production"},{"name":"page","value":"Article"},{"name":"section","value":"kenny-schachter"},{"name":"day","value":"17"},{"name":"author","value":"Kenny Schachter"},{"name":"article-id","value":"ID2501772"},{"name":"article-title","value":"Are the Basel Fairs Eating Each Other? Kenny Schachter Has a Theoryand News of a Big Bezos Art Deal"},{"name":"format","value":"standard"},{"name":"tags","value":["Art Fairs","Free Article"]},{"name":"artist","value":[]},{"name":"gallery","value":[]},{"name":"auction-house","value":[]},{"name":"article-template","value":["article2"]}]'> <div class="widget-area" data-num-slides=> <ul class="list-unstyled"><li class="artnet-ads-ad widget-1 widget-odd widget-container piklist-universal-widget"><div class="artnet-ads-ad widget-1 widget-odd widget"><div id="leaderboardtest-2501772-67b27cfb2b24a-hidden" data-slot="leaderboardtest" class="artnet-ad"></div> </div></li><li class="artnet-ads-ad widget-2 widget-even widget-alt widget-container piklist-universal-widget"><div class="artnet-ads-ad widget-2 widget-even widget-alt widget"><div id="Teads_inRead-2501772-67b27cfb2b2bc-hidden" data-slot="Teads_inRead" class="artnet-ad"></div> </div></li></ul> </div> <style> .artnet-ad iframe { max-width: 100% !important; margin: 0rem auto !important; } </style> <div class="container custom-container-setting"> <div class="row adjust-article article-B-hide-sidebar"> <article class="article-wrapper post-type-post format-standard" id="post-2501772"> <div class="col-md-12"> <div class="flex-columns row"> <div class="article-content col-md-12 "> <div class="article-header"> <h5 class="article-category h5"> <a href="https://news.artnet.com/market/columns/kenny-schachter">Kenny Schachter</a> </h5> <h1 class="article-title h1">Are the Basel Fairs Eating Each Other? Kenny Schachter Has a Theory—and News of a Big Bezos Art Deal</h1> <p class="article-blurb">Fresh from Switzerland, our columnist also reports on the Digital Art Mile, which ran alongside the main event.</p> </div> <figure class="article-image"> <div class="featured-img-main"> <img fetchpriority="high" srcset=" https://news.artnet.com/app/news-upload/2024/06/RED-BENCHES-TUMBLEWEEDS-768x737.jpg 768w, https://news.artnet.com/app/news-upload/2024/06/RED-BENCHES-TUMBLEWEEDS-1024x983.jpg 1024w" width="1024" height="1024" alt="In a color photo, digital tumbleweeds roll down an empty aisle of a white-walled art fair." title="In a color photo, digital tumbleweeds roll down an empty aisle of a white-walled art fair." /> </div> <figcaption>Pete Seeger’s famous '50s folk song "Where Have All the Flowers Gone?” was a dirge on war and death; in this case, where have all the Basel-Basel people gone!? Makes you wonder if the Basels are unwittingly at war with themselves, and the death of one or the other is imminent. Photo by Kenny Schachter.</figcaption> </figure> </div> </div> <div class="flex-columns row"> <div class="article-content col-md-9"> <div class="flex-columns row"> <div class="col-md-12 col-md-push-2 push-unset"> <div class="container-adjust"> <div class="shares-content-width"> <p class="article-byline"> <a href="https://news.artnet.com/about/kenny-schachter-289">Kenny Schachter</a> <span class="dots"></span> <time datetime="2024-06-18T13:59:19-04:00" title="Jun 18, 2024 9:59 AM">June 18, 2024</time> <span class="dots"></span> <span class="a2a_dd share-header" role="button"> <a class="a2a_dd addtoany_share_save addtoany_share" href="https://www.addtoany.com/share" data-a2a-url="https://news.artnet.com/market/kenny-schachter-basel-nfts-diary-2501772" data-a2a-title="Are the Basel Fairs Eating Each Other? Kenny Schachter Has a Theory—and News of a Big Bezos Art Deal"><img src="/app/themes/artnet-news/assets/img/share.svg" alt="Share"></a> <span class="hidden-sm hidden-md hidden-lg">Share</span><span class="hidden-xs">Share This Article</span> </span> </p> </div> <div class="article-body article-tmpl-b article-content-b" data-post-id="2501772"> <p>Forget the pretense, let’s cut right to it. In a page from the Arnold Schwarzenegger handbook, a notable older art dealer was caught by his younger girlfriend with his housekeeper <em>in flagrante delicto</em> (Latin for “in blazing offense”), shining more than the silverware, I am told. And that was that.</p><div class=" hidden-s hidden-xs"><div class="condensed-newsletter-signup"> <div class="trigger-wrapper"> <h3>The best of Artnet News in your inbox.</h3> <p><a class="condensed-newsletter-trigger" href="#">Sign up for our daily newsletter.</a></p> </div> <ul class="form-container list-unstyled hidden"> <li class="theme-newsletter-signup"> <div class="theme-newsletter-signup widget"> <form class="newsletter-signup-form" action="https://www.artnet.com/api/subscriptions" method="POST"> <div class="newsletter-form-content"> <h2 class="widgettitle"> The best of Artnet News in your inbox. </h2> <div class="widgethint"> Sign up for our daily newsletter. </div> <input type="hidden" name="Source" class="source" value="artnetnews"> <div class="form-group text"> <input type="text" name="Email" class="signup-email form-control" placeholder="Enter your email"> <div class="form-group buttons"> <input type="submit" class="btn btn-primary btn-xs btn-block text-center" value="Subscribe"> </div> </div> <div class="errors"> <div class="invalid-email">Please enter a valid email address</div> <div class="signup-failed">Signup failed. Please try again later.</div> </div> </div> <div class="newsletter-signup-thank-you"> <header>Thank you!</header> <main>You have successfully subscribed to Artnet News.</main> </div> </form> </div> </li> </ul> </div> </div><div class="embedded-ad visible-sm visible-xs"><div id="embed-full-1-2501772-0-hidden-xyz" data-slot="embed-full-1" class="artnet-ad"></div></div> <p>Jeff Bezos, who could buy the entire art market in any given year and have enough spare change left over to erect a few more monuments to his manhood in the form of his reusable rockets, bought one of the approximately 22 extant Modigliani reclining nudes for $180 million from Christie’s, private treaty. The Modigliani was sold by off-the-radar (until now) New York-based Greek nonagenarian Sophie Coumantaros, who is perhaps tidying affairs for her four children.</p><div class=" visible-s visible-xs"><div class="condensed-newsletter-signup"> <div class="trigger-wrapper"> <h3>The best of Artnet News in your inbox.</h3> <p><a class="condensed-newsletter-trigger" href="#">Sign up for our daily newsletter.</a></p> </div> <ul class="form-container list-unstyled hidden"> <li class="theme-newsletter-signup"> <div class="theme-newsletter-signup widget"> <form class="newsletter-signup-form" action="https://www.artnet.com/api/subscriptions" method="POST"> <div class="newsletter-form-content"> <h2 class="widgettitle"> The best of Artnet News in your inbox. </h2> <div class="widgethint"> Sign up for our daily newsletter. </div> <input type="hidden" name="Source" class="source" value="artnetnews"> <div class="form-group text"> <input type="text" name="Email" class="signup-email form-control" placeholder="Enter your email"> <div class="form-group buttons"> <input type="submit" class="btn btn-primary btn-xs btn-block text-center" value="Subscribe"> </div> </div> <div class="errors"> <div class="invalid-email">Please enter a valid email address</div> <div class="signup-failed">Signup failed. Please try again later.</div> </div> </div> <div class="newsletter-signup-thank-you"> <header>Thank you!</header> <main>You have successfully subscribed to Artnet News.</main> </div> </form> </div> </li> </ul> </div> </div> <p>The nudes formed the basis of Modigliani’s only solo show in his lifetime, in 1917, which was unceremoniously shut down by the police for indecency. To rub it in the face of the Parisian prudes at the time, one example had been hung in dealer Berthe Weill’s storefront window. Some things stubbornly never change: suffocating censorship and a little-known female dealer being much less known than her male counterparts.</p> <p>Weill (1865–1951), by the way, was the first to sell paintings by Picasso and Matisse, and exhibit the works of André Derain, Maurice de Vlaminck, Diego Rivera, Georges Braque, Kees van Dongen, Maurice Utrillo, Jean Metzinger, and many others. (Read more in Weill’s memoir, <i>Pow! Right in the Eye! Thirty Years Behind the Scenes of Modern French Painting</i>, which was published in 1933 and released in English by the University of Chicago Press in 2022.)</p><div class="embedded-ad visible-sm visible-xs"><div id="embed-full-2-2501772-3-hidden-xyz" data-slot="embed-full-2" class="artnet-ad"></div></div> <div id="attachment_2501879" style="width: 1029px" class="wp-caption aligncenter"><img aria-describedby="caption-attachment-2501879" class="size-large wp-image-2501879" src="https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.35.50-AM-1019x1024.png" alt="In a photographic diptych, two men are seen wearing glasses inside." width="1019" height="1024" srcset="https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.35.50-AM-1019x1024.png 1019w, https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.35.50-AM-300x300.png 300w, https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.35.50-AM-150x150.png 150w, https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.35.50-AM-50x50.png 50w, https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.35.50-AM-256x256.png 256w, https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.35.50-AM-96x96.png 96w, https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.35.50-AM.png 1344w" sizes="(max-width: 1019px) 100vw, 1019px"><p id="caption-attachment-2501879" class="wp-caption-text"><em>Idiots at Art Fairs Wearing Sunglasses</em>, the title of my upcoming monograph. When will they ever learn? Art and the naked eye don’t need intermediaries! Photo by Kenny Schachter.</p></div> <p>I know an elderly couple who have another one of the coveted Modigliani nudes hanging prominently and proudly in their living room. They are being assiduously courted by a few high-profile galleries, or rather, gluttonous predators with split personalities—close friends to many, until a potential deal brings out the devil.</p> <p>There is a long history of artists fudging the dates of their works, saying they were made in years that fetch higher prices, from Picasso to an unnamed friend of mine (it might have been Donald Baechler) who sold me such a work. That was fine, until the actual year bled through the paint with the fictional date. Oops. On an altogether different level (as with everything he does) is Damien Hirst, who has been playing fast and loose on the dating of thousands of his artworks, according to my sources, from vitrines to spots, <a href="https://www.theguardian.com/artanddesign/article/2024/may/22/damien-hirst-artworks-painted-years-later-currency-artist#:~:text=Hirst%20produced%2010%2C000%20of%20the,works%20beside%20the%20artist's%20signature" target="_blank" rel="noopener">replicating with a velocity faster than Covid</a>. (Hirst has defended his approach, saying that he dates works based on when he conceived them, not when they are executed.)</p> <p>I can further reveal that a graphic designer who worked on Hirst’s catalogue raisonné was asked to Photoshop a dozen “1990s pieces” using parts of previous paintings, which were subsequently produced, signed with earlier dates, and included into the ‘90s section of the book. An inquiry to Joe Hage, Damien’s business manager and the most powerful unknown person in the art market, has gone unanswered.</p><div class="embedded-ad visible-sm visible-xs"><div id="embed-full-3-2501772-7-hidden-xyz" data-slot="embed-full-3" class="artnet-ad"></div></div> <p>Oh, right, and then there was Art Basel-Basel. As at most art fairs, you would have thought we had been teleported back to the 1950s, or hundreds of years before, given what was on offer—i.e. a lot of canvas. The art market remains as conservative as Lloyd’s of London, which was launched in 1652 along the banks of the Thames to insure British shipping routes.</p> <div id="attachment_2501882" style="width: 844px" class="wp-caption aligncenter"><img aria-describedby="caption-attachment-2501882" loading="lazy" class="size-large wp-image-2501882" src="https://news.artnet.com/app/news-upload/2024/06/IMG_1486-834x1024.jpg" alt="A man in a suit waves to the camera in a color photo." width="834" height="1024" srcset="https://news.artnet.com/app/news-upload/2024/06/IMG_1486-834x1024.jpg 834w, https://news.artnet.com/app/news-upload/2024/06/IMG_1486-244x300.jpg 244w, https://news.artnet.com/app/news-upload/2024/06/IMG_1486-1252x1536.jpg 1252w, https://news.artnet.com/app/news-upload/2024/06/IMG_1486-1669x2048.jpg 1669w, https://news.artnet.com/app/news-upload/2024/06/IMG_1486-41x50.jpg 41w, https://news.artnet.com/app/news-upload/2024/06/IMG_1486-1564x1920.jpg 1564w" sizes="(max-width: 834px) 100vw, 834px"><p id="caption-attachment-2501882" class="wp-caption-text">John Armleder, 75, closed his gallery/performance space/bookstore in Geneva long ago—it lasted from the late 1960s to the mid-’70s—but his suitcase-sized booth in a corner of Art Basel lives on, an Art Basel stalwart. This year’s works were by Chuck Nanney, like Richard Tuttle on meth. Photo by Kenny Schachter.</p></div> <p>While day one was relatively jammed during the much-hankered-after early entry period, the second VIP day was practically desolate. (In actuality, the “very important” part of that equation has been extinct for ages.) I was half-expecting tumbleweeds to roll down the desolate aisles. A large contingent of those missing in action were Americans.</p> <p>What accounted for the dearth of people? A frequent refrain I heard from more than a few disgruntled dealers was that the Basels are beginning to feed off of themselves. That could get worse: In October, Art Basel Paris (goodbye, Paris+) will be staged at the Grand Palais for the first time, after the completion of renovations there.</p><div class="embedded-ad visible-sm visible-xs"><div id="embed-full-4-2501772-11-hidden-xyz" data-slot="embed-full-4" class="artnet-ad"></div></div> <div style="padding: 177.78% 0 0 0; position: relative;"><iframe style="position: absolute; top: 0; left: 0; width: 100%; height: 100%;" src="https://player.vimeo.com/video/960999893?h=a18aa18753&color=006eff&byline=0&portrait=0" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div> <p><script src="https://player.vimeo.com/api/player.js"></script></p> <p>The little city of Basel in the best of times has a chronic shortage of decent hotels and restaurants. During the fair, you get crummy, pornographically priced rooms and a lack of ancillary events (namely parties, which many pathetically prefer to partake in than the art). It looks like Paris will be the new Miami, and that it will probably devour that Basel as well, which is not exactly a bad thing.</p> <p>In the new social, political, and economic world order we live in, art-fair congestion is no longer measured by the number of private planes (PJs, colloquially) that are massed at the local airport. There were probably no more than a handful this year. I have devised a new index to measure a given event’s success: the Uber Metric. On the way out of town—always my favorite time of Basel—my driver informed me that his business contracted by a third from last year, and his workaday was reduced by half.</p><div class="embedded-ad visible-sm visible-xs"><div id="embed-full-5-2501772-14-hidden-xyz" data-slot="embed-full-5" class="artnet-ad"></div></div> <div id="attachment_2501880" style="width: 717px" class="wp-caption aligncenter"><img aria-describedby="caption-attachment-2501880" loading="lazy" class="size-large wp-image-2501880" src="https://news.artnet.com/app/news-upload/2024/06/IMG_1438-707x1024.jpeg" alt="A man in a collared shirt gestures with his arms raised." width="707" height="1024" srcset="https://news.artnet.com/app/news-upload/2024/06/IMG_1438-707x1024.jpeg 707w, https://news.artnet.com/app/news-upload/2024/06/IMG_1438-207x300.jpeg 207w, https://news.artnet.com/app/news-upload/2024/06/IMG_1438-35x50.jpeg 35w, https://news.artnet.com/app/news-upload/2024/06/IMG_1438.jpeg 885w" sizes="(max-width: 707px) 100vw, 707px"><p id="caption-attachment-2501880" class="wp-caption-text">Philippe Ségalot, as famed for his art-advisory prowess as for the architectural marvel that is his hair, as seen at Basel. Photo by Kenny Schachter.</p></div> <p>A New York dealer who recently celebrated decades in business told me, “We loved Art Unlimited and Art Parcours’ energy (large scale and site-specific sections, respectively), but we found the fair really boring and the list is too long to mention all the people who didn’t come, we sold, but just not a lot of energy!!”</p> <p>Not to question the veracity of my friend, but precisely how much was transacted—despite various reports of robust sales on opening day—is among the greatest lies told after an individual’s earnings, drinks consumed per week, and age. The only people who love lies (and hyperbole) more than politicians are art dealers.</p> <p>NFTs are like Brexit, I’ve decided. Like the ill-advised, self-sabotaging actions of the U.K., NFTs were nearly extinguished by the bald-faced crime and greed of the very “community” that created them. The malfeasance surpassed even that of the art market that the NFTers strove to emulate. Imagine that!</p><div class="embedded-ad visible-sm visible-xs"><div id="embed-full-6-2501772-18-hidden-xyz" data-slot="embed-full-6" class="artnet-ad"></div></div> <div id="attachment_2501881" style="width: 660px" class="wp-caption aligncenter"><img aria-describedby="caption-attachment-2501881" loading="lazy" class="size-large wp-image-2501881" src="https://news.artnet.com/app/news-upload/2024/06/4bf15421-9a3d-41ca-88d4-4ee9b02896b2-650x1024.jpg" alt="A man stands on stage with a microphone in front of a video projection" width="650" height="1024" srcset="https://news.artnet.com/app/news-upload/2024/06/4bf15421-9a3d-41ca-88d4-4ee9b02896b2-650x1024.jpg 650w, https://news.artnet.com/app/news-upload/2024/06/4bf15421-9a3d-41ca-88d4-4ee9b02896b2-190x300.jpg 190w, https://news.artnet.com/app/news-upload/2024/06/4bf15421-9a3d-41ca-88d4-4ee9b02896b2-974x1536.jpg 974w, https://news.artnet.com/app/news-upload/2024/06/4bf15421-9a3d-41ca-88d4-4ee9b02896b2-32x50.jpg 32w, https://news.artnet.com/app/news-upload/2024/06/4bf15421-9a3d-41ca-88d4-4ee9b02896b2.jpg 1015w" sizes="(max-width: 650px) 100vw, 650px"><p id="caption-attachment-2501881" class="wp-caption-text">NFTs may still be dead (I haven’t given up, I’m afraid to say), but I will never tire of lecturing about them and now, add AI into the mix. For that matter, the Digital Art Mile was the highlight of Art Basel, so stuff that in your lap(top)! Photo by Kenny Schachter.</p></div> <p>The bad news—for my predominantly art world audience—is that the widely held belief that NFTs are dead is at best premature, as evidenced by the Digital Art Mile, established by Georg Bak and Roger Haas, an alternative event held nearby Art Basel with a spirit all but lost to today’s ho-hum, cash-centric market mindset.</p> <p>Basel should abandon the archly staid Murdoch method of focusing on money, money, money, and get with the program. (Scion James Murdoch is a major holder in Art Basel’s parent company, MCH Group.) We live in an era utterly obsessed with technology. Will the art world ever catch up? Does it even want to? If so, MCH should buy the Digital Art Mile, posthaste, and install it across the Basel board.</p> <div id="attachment_2501877" style="width: 1034px" class="wp-caption aligncenter"><img aria-describedby="caption-attachment-2501877" loading="lazy" class="size-large wp-image-2501877" src="https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.43.30-PM-1024x556.png" alt="A futuristic city is seen on a dark night. Cars line the street." width="1024" height="556" srcset="https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.43.30-PM-1024x556.png 1024w, https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.43.30-PM-300x163.png 300w, https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.43.30-PM-1536x834.png 1536w, https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.43.30-PM-2048x1112.png 2048w, https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.43.30-PM-50x27.png 50w, https://news.artnet.com/app/news-upload/2024/06/Screen-Shot-2024-06-17-at-10.43.30-PM-1920x1042.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px"><p id="caption-attachment-2501877" class="wp-caption-text">This is a fellowship you can be a part of without having to give up any of life’s forbidden pleasures, unless you are prone to buying too much AI or NFT art: Fellowship.xyz the standout booth at the first iteration of the Digital Art Mile. Photo by Kenny Schachter.</p></div> <p>The standouts at the Digital Art Mile were Fellowship, an internet platform and roving gallery project specializing in AI-derived photography and accompanying NFTs, Robert Murphy’s RCM gallery from Paris, which focuses on digital art pioneers (the sector dates back to the 1950s, for those who bother to look), and the OG NFT market, MakersPlace, launched in 2016.</p><div class="embedded-ad visible-sm visible-xs"><div id="embed-full-7-2501772-23-hidden-xyz" data-slot="embed-full-7" class="artnet-ad"></div></div> <p>The equivalent of your grandparents remembering when hamburgers were 5 cents, I am old enough to recall a time when the only way to communicate artworks was by snail-mailing a plastic sleeve containing 20 tiny photographic slides that could be viewed by holding them up to a light. We couldn’t afford larger transparencies, which were considered extravagant at the time.</p> <div id="attachment_2501878" style="width: 778px" class="wp-caption aligncenter"><img aria-describedby="caption-attachment-2501878" loading="lazy" class="size-large wp-image-2501878" src="https://news.artnet.com/app/news-upload/2024/06/Facetune_13-06-2024-15-53-03-768x1024.jpeg" alt="Two people—a man and a woman—stand near a white wall with an artwork and text on it." width="768" height="1024" srcset="https://news.artnet.com/app/news-upload/2024/06/Facetune_13-06-2024-15-53-03-768x1024.jpeg 768w, https://news.artnet.com/app/news-upload/2024/06/Facetune_13-06-2024-15-53-03-225x300.jpeg 225w, https://news.artnet.com/app/news-upload/2024/06/Facetune_13-06-2024-15-53-03-1152x1536.jpeg 1152w, https://news.artnet.com/app/news-upload/2024/06/Facetune_13-06-2024-15-53-03-1536x2048.jpeg 1536w, https://news.artnet.com/app/news-upload/2024/06/Facetune_13-06-2024-15-53-03-38x50.jpeg 38w, https://news.artnet.com/app/news-upload/2024/06/Facetune_13-06-2024-15-53-03-1440x1920.jpeg 1440w, https://news.artnet.com/app/news-upload/2024/06/Facetune_13-06-2024-15-53-03-scaled.jpeg 1920w" sizes="(max-width: 768px) 100vw, 768px"><p id="caption-attachment-2501878" class="wp-caption-text">MakerPlace has been making markets in NFTs since 2016—about as OG as you get in the space. Here is Jessica Marinaro, its senior director and curator at the Digital Art Mile with a sold-out installation by artistic duo Operator. Photo by Kenny Schachter.</p></div> <p>The paradigm shift of social media has utterly transformed the art world—and, unfortunately, our collective posture—like nothing I have seen in three-and-a-half decades in the biz. Only the blockchain compares, despite the dubious doubters. To paraphrase Artnet’s acting editor-in-chief, Naomi Rea, on the subject: People receive information about art today in a very different way than they used to, when independent magazines and newspapers were dominant. Without them, all that is left are influencers and a reductive popularity contest where value is conflated into the accumulation of likes and views.</p> <p>The preceding sets the stage for me to announce my upcoming solo show at Galerie Nagel Draxler in Cologne, entitled “Phone Face.” It opens August 30 to coincide with DC Open, the Rhineland’s first gallery weekend, which is being jointly organized by galleries from Düsseldorf and Cologne. The title is based on the term “photo-face,” a term used to describe someone putting on a smile, etc. while posing in front of a camera. The concept is the effects that smartphones have had on artists, curators, museums, galleries, and critics alike; more so, the Insta-impact on the fundamental way in which art is experienced, communicated, and consumed—and how success in art (and, sadly, in life) has come to be measured.</p><div class="embedded-ad visible-sm visible-xs"><div id="embed-full-8-2501772-27-hidden-xyz" data-slot="embed-full-8" class="artnet-ad"></div></div> <div id="attachment_2501885" style="width: 521px" class="wp-caption aligncenter"><img aria-describedby="caption-attachment-2501885" loading="lazy" class="size-large wp-image-2501885" src="https://news.artnet.com/app/news-upload/2024/06/dogphoneface3c-511x1024.jpg" alt='A small dog looks at the view with one eye open. The words "phone" and "face" are above and below it.' width="511" height="1024" srcset="https://news.artnet.com/app/news-upload/2024/06/dogphoneface3c-511x1024.jpg 511w, https://news.artnet.com/app/news-upload/2024/06/dogphoneface3c-150x300.jpg 150w, https://news.artnet.com/app/news-upload/2024/06/dogphoneface3c-766x1536.jpg 766w, https://news.artnet.com/app/news-upload/2024/06/dogphoneface3c-1022x2048.jpg 1022w, https://news.artnet.com/app/news-upload/2024/06/dogphoneface3c-25x50.jpg 25w, https://news.artnet.com/app/news-upload/2024/06/dogphoneface3c-958x1920.jpg 958w, https://news.artnet.com/app/news-upload/2024/06/dogphoneface3c-scaled.jpg 1277w" sizes="(max-width: 511px) 100vw, 511px"><p id="caption-attachment-2501885" class="wp-caption-text">We are increasingly defined by our phone-facing personas; in addition, Instagram has been nothing short of a historical shift in how art is seen, experienced and consumed. My upcoming solo at Nagel Draxler, opening August 30, will be a meditation on this phenomenon in all its glory (and horror). Photo by Kenny Schachter.</p></div> <p>Putting aside algorithms and expurgation, the democratizing impact that social media has had by blurring geographic boundaries for participants while shifting hegemonies is mind-boggling. Granted, legacy hierarchies and barriers to entry remain, but others have been smashed. I can’t wait for what is to come, once we get past the stranglehold of existing platforms controlled by Zuckerfuck and erratic ol’ Musk-y. The trillion-dollar question is: What’s next? (We’re in a time where mere millions, not to mention billions, seem quaint.)</p> <p>The current art climate is: What sells, sells (demure, aesthetically attractive or politically correct art), and what doesn’t, doesn’t (challenging, cerebral stuff), but more so. Setting aside Ezra Pound’s politics, he wrote: “Nothing written for pay is worth printing. Only what has been written against the market.” I would add that nothing made for money is worth making. As Duchamp said, “To live is to believe.” I will never stop believing in the omnipotent, ameliorative potency of art, despite the charades and shenanigans.</p> </div> <div class="pl-sett-padding"> </div> </div> </div> </div> <div class="pl-sett-padding"> <div class="authors-list authors-list-setting authors-single row"> <div class="auther-box"> <div class="col-md-12 col-sm-12"> <div class="author-info"> <a href='https://news.artnet.com/about/kenny-schachter-289' class="author-image"> <img class="img-circle" src="https://news.artnet.com/app/news-upload/2024/10/ks-abosch-256x256.jpg" /> </a> <div class="author-meta"> <a href='https://news.artnet.com/about/kenny-schachter-289' class="author-text"> <h4 class="author-name h4">Kenny Schachter</h4> </a> <ul class="author-links list-icons list-inline"> <li><a target="_blank" href="https://twitter.com/https://twitter.com/kennyschac"><span class="fa fa-twitter"></span></a></li> <li><a target="_blank" href="https://www.instagram.com/kennyschachter/?hl=en"><span class="fa fa-instagram"></span></a></li> </ul> </div> </div> </div> </div> </div> <div class="taxonomy-block remove-setting row"> <div class="col-md-12"> <div class="all-topics-container"> <div class="all-topics-inner"> <div class="taxonomy-label"> Article topics </div> <div class="taxonomy-list"> <a class="taxonomy-tag" href="https://news.artnet.com/topic/art-fairs">Art Fairs</a> </div> </div> </div> </div> </div> <div class="condensed-newsletter-signup expanded-on-desktop"> <div class="trigger-wrapper visible-xs visible-sm"> <h3>The best of Artnet News in your inbox.</h3> <p><a class="condensed-newsletter-trigger" href="#">Sign up for our daily newsletter.</a></p> </div> <ul class="form-container list-unstyled hidden-xs hidden-sm"> <li class="theme-newsletter-signup"> <div class="theme-newsletter-signup widget"> <form class="newsletter-signup-form" action="" method="POST"> <div class="newsletter-form-content"> <h2 class="widgettitle"> The best of Artnet News in your inbox. </h2> <div class="widgethint"> Sign up for our daily newsletter. </div> <input type="hidden" name="Source" class="source" value="" /> <div class="form-group text"> <input type="text" name="Email" class="signup-email form-control" placeholder="Enter your email" /> <div class="form-group buttons"> <input type="submit" class="btn btn-primary btn-xs btn-block text-center" value="Subscribe" /> </div> </div> <div class="errors"> <div class="invalid-email">Please enter a valid email address</div> <div class="signup-failed">Signup failed. 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Are the Basel Fairs Eating Each Other? Kenny Schachter Has a Theory—and News of a Big Bezos Art Deal