With its medieval buildings, trams and old-fashioned shops, Basle—the centre of the Swiss pharmaceutical industry— hardly conjures up the glamour of the high-end contemporary-art market. But the annual art fair, which started there on June 21st, is now the world's most important meeting place for dealers, collectors, and curators. The fair offers dealers from 20 countries a showcase for their stock of paintings, sculptures, installations, photographs and video art. Dealers often sell more here in six days than in the whole of the rest of the year. This year was no exception with many reporting brisk business on the opening night.
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