Art Collection + Fairs
October 24, 2023
Amidst the vibrant city of Paris, the recently concluded Paris+ by Art Basel 2023 marked a significant resurgence, thrusting Paris back into the spotlight as a dynamic global art hub. The event garnered significant attention with its display of remarkable artworks, notably featuring the long-hidden 1956 Rothko painting, fetching an astonishing $40 million and attracting a surge of interest from the art community. Alongside this, the David Zwirner gallery's commendable sales, including a Kerry James Marshall painting sold for $6 million, contributed to solidifying Paris's reemergence as a powerhouse in the international art scene.
Paris's artistic renaissance was not an isolated incident but part of a larger narrative of growth and rejuvenation, evidenced by the launch of Design Miami/ Paris and the introduction of three prestigious international galleries. This resurgence was further substantiated by the noteworthy expansion of the French art market to a remarkable $5 billion in 2022, as revealed by economist Clare McAndrew's comprehensive report, co-authored with UBS and Art Basel. Paris's amalgamation of tradition and innovation has enabled it to cater to the discerning tastes of the global art audience, cementing its position as a leading destination for art connoisseurs and enthusiasts.
Olive over Red, 1956
oil on canvas, 93-1/4 x 57-1/2" (236.9 x 146.1 cm)
David Zwirner Gallery:
Kerry James Marshall
Black and Part Black Birds in America: (Magpies and Baltimore Orioles), 2023
Acrylic on PVC panel in artist's frame
60 7/8 x 60 7/8 inches (154.6 x 154.7 cm)
Despite prevailing global uncertainties, Paris+ by Art Basel 2023 emphasized a deliberate shift towards stability and sustainability, reflecting a conscious industry move towards a more cautious approach without compromising the event's appeal and impact. With ambitious plans to potentially relocate the event to the renovated Grand Palais, Paris+ aims to enhance the immersive experience for attendees, solidifying its status as an indispensable fixture in the global art circuit. Surpassing the attendance at Fiac, Paris demonstrated its unwavering commitment to artistic innovation and creative excellence, further establishing itself as a global beacon for cultural dynamism and artistic sophistication.
Celebrating a diverse spectrum of artistic expressions, Paris+ showcased an impressive array of works by renowned artists such as Jean-Marie Appriou, Emma Webster, and others, showcasing the depth and richness of contemporary art that resonated with the global audience. Notably, the Perrotin gallery garnered significant attention, showcasing exceptional pieces by JR, Izumi Kato, Takashi Murakami, and other notable artists, further cementing the event's prestige and underscoring the burgeoning influence of the Parisian art scene on the global stage.
Installation views of Perrotin's booth at Paris+ par Art Basel, Paris, 2023.
Photo: Claire Dorn. @ADAGP, 2023. ©2021-2023 Takashi Murakami/Kaikai Kiki Co., Ltd. All Rights Reserved. Courtesy of the artists and Perrotin
In conclusion, as the curtains closed on this extraordinary event, Paris stood as a testament to resilience and creative brilliance, reaffirming its position as a beacon of cultural significance and artistic allure. Through its enduring dedication to artistic excellence, Paris continues to captivate the world, weaving a timeless narrative of elegance and creativity that transcends boundaries, capturing the essence of artistic magnificence in its purest form.
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