Thousands flock to Art Basel in Switzerland as market outlook improves

No Comment Video. Thousands flock to Art Basel in Switzerland as market outlook improves Copy/paste the link below: Copy/paste the article video embed link below: Updated: 17/06/2026 - 11:40 GMT+2 Art Basel 2025 in Basel draws thousands as high-end works by Picasso, Warhol and Hockney fuel a recovering global art market after years of decline. Switzerland welcomed thousands of collectors, dealers and artists to Basel on 16 June as Art Basel opened its VIP preview days, with the fair drawing close attention as a possible sign of renewed confidence in the global art market after several difficult years. ADVERTISEMENT ADVERTISEMENT Works by leading figures including Henry Moore, Pablo Picasso, Andy Warhol and David Hockney drew significant attention throughout the fair. Organisers said growing attendance and renewed demand from international buyers pointed to improving market sentiment. Bringing together around 4,000 artists, Art Basel remains one of the most influential events on the global art calendar. According to the Art Basel and UBS Global Art Market Report, worldwide art sales rose by 4 per cent in 2025 to nearly 60 billion dollars after two consecutive years of decline. Art Basel chief executive Noah Horowitz described the trend as a "K-shaped recovery", with the strongest growth concentrated in works valued above 10 million dollars, while the mid-market continues to adjust. The fair also reflects a broader return to face-to-face transactions. Art fairs now account for 35 per cent of dealer turnover, underlining their continuing importance in the sector. This year's edition carries added emotional significance following the recent death of British artist David Hockney, whose works are on display alongside large-scale installations featured in the fair's renowned Unlimited sector. Contemporary art Basel Switzerland Markets Andy Warhol Pablo Picasso Top stories Now playing Next Thousands flock to Art Basel in Switzerland as market outlook improves Now playing Next Javier Bardem joins Hollywood greats at landmark ceremony Now playing Next Ukraine: Russian drone attack on Zaporizhzhia home kills one, injures seven Now playing Next Latest news bulletin | June 17th, 2026 – Morning Now playing Next All of Uzbekistan readies to watch history at its first World Cup Now playing Next Washington's Lincoln Memorial pool turns green days after renovation Now playing Next Kazakhstan’s skies welcome Central Asia’s first Paragliding World Cup Now playing Next Air passengers to enjoy free cabin bags as decade-long EU talks end Now playing Next Iran duped Trump into a bad deal, Bolton warns Now playing Next 'Spider-Man of Yemen' dies after fall into volcanic crater Now playing Next Iran declares victory and Israel digs in as US deal faces first test Now playing Next Singer Oliver Tree among six killed in helicopter incident Now playing Next Europeans head to World Cup in droves, but which country has seen the best supporter turnout? Now playing Next Watch: Cash, power, and politics—inside Gianni Infantino’s World Cup empire Now playing Next France is releasing millions of sterile insects to fight tiger mosquitoes Now playing Next One killed in Russian drone strike on Ukraine's Zaporizhzhia ADVERTISEMENT ADVERTISEMENT No Comment UK lions predict England's World Cup fate No Comment Watch: German chancellor surprises Trump with 'Trump 47' football jersey at G7 No Comment Humanoid robots join models at fashion show in Seoul No Comment Crowds flock to JR's giant cave installation on Paris' Pont Neuf Business Tashkent International Investment Forum opens amid high-level diplomacy and business talks Europe Today G7 leaders press Trump on Ukraine as summit wraps up Nature Fisherman wrestles great white shark to free it from hook Sport Lionel Messi ties Miroslav Klose for most World Cup goals as Argentina cruise past Algeria 3-0 Europe News EU Parliament rejects member states’ first draft of long-term budget Europe News Russia says yacht making 'dangerous approach' in Channel prompted warning shots Europe News Kyiv seeks license to produce Patriot systems for Ukraine and Europe Switzerland UN says 2.4m refugees will need resettling in 2027 and warns of shortage of options ADVERTISEMENT Business Line Industrial zones attract manufacturers and logistics investment Russia Russian Tu-22M3 bomber crashes during training flight Europe News MEPs approve EU-US trade deal despite Trump’s new trade war threats Europe in Motion Education: Where in the EU has the most early school dropouts? Art Anish Kapoor brings darkness, mirrors and the 'sublime' to London’s Hayward Gallery Earth News 'I'll have to buy new nets': Killer pufferfish are devastating Crete's fishing industry The Cube Fact check: Is the EU fining member states that don't accept migrants? Art A cave for a crowd: French artist JR opens 'Caverne' art work on Pont Neuf bridge in Paris ADVERTISEMENT ADVERTISEMENT