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Art Basel Paris 2025 Tallies Multi-Million-Dollar Deals at the Grand Palais

A new Art BaselUBS survey points to cautious resilience at lower price points.

Overview

  • The fair’s fourth edition runs October 24–26 at the Grand Palais, anchoring a week of citywide museum and foundation exhibitions in Paris.
  • Hauser & Wirth reported selling a Gerhard Richter for about $23 million, White Cube placed a Julie Mehretu for $11.5 million, and Pace said a Modigliani sold near $10 million.
  • The floor plan favors established galleries on the ground level, with curated Premise projects and an Emergence section for younger dealers on upper tiers.
  • Emerging artists saw activity at accessible price bands, with Bank Gallery saying Duyi Han’s $2,700–$17,000 drawings in the Emergence section sold out.
  • A tighter VIP invite cap of six per exhibitor drew mixed reactions as some reported a slow opening day before stronger sales on day two, and a leadership shift from Clément Delépine to Karim Crippa has been announced.