What follows is a guest post by Sarah Hegenbart.
Once upon a time, the month of June was jet-set season for the international artworld. After a meet and greet at the preview days at the Venice Biennale, which used to take place in early June, the crowd of artists, curators, critics, dealers, and collectors jumped on a plane, a train, or a yacht heading towards Basel, Switzerland. Basel wakes up at least once a year when astronomical amounts of money are paid for works so contemporary that the paint on the canvases has hardly finished drying. Or possibly even works that are such hot shit that they are not available yet because they are still on view in one of the national pavilions at the Venice Biennale. But the unavailability only increases the desire. (This is a pattern recognizable from other unhealthy relationships, too.) Knowing the economic laws of supply and demand, clever dealers strategically positioned themselves in the pavilions of the Venice Biennale to advertise their artistic assets. Continue reading