Due to the riots, the Art Basel Paris had to be cancelled - now art dealers are demanding compensation.
The shortening of the Paris art fair by two days has mainly affected small galleries. Art Basel itself has also lost money.
The Art Basel Paris art fair was cut short by two days due to security concerns, with organizers citing the risk of street protests on Saturday. The fair, which usually runs for six days, ended on Friday, October 23, instead of Sunday, resulting in lost revenue for the event and its exhibitors. The French gallery association, Comité Professionnel des Galeries d’Art (CPGA), has written a protest letter to Art Basel Paris's managing director, Karim Crippa, criticizing the decision and calling for compensation for exhibitors.
The CPGA estimates that some young galleries may not have earned enough to cover their costs due to the shortened fair. Major galleries, such as Hauser & Wirth, reported significant sales, including over $30 million in art sales.
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