In tough times for dealers, Art Basel debuts a section for new works

Art Basel is introducing a new section called Premiere at its upcoming fair, designed for galleries to present works created within the last five years by up to three artists, organized around a loose curatorial concept. The inaugural section features ten exhibitors, mostly smaller to mid-sized galleries showing mid-career artists, with prices ranging from €5,000 to $85,000. The section is priced at SFr22,000 for a 32 sq. m stand, cheaper than the main section but more expensive than the emerging-artist-focused Statements section, which can be financially risky for dealers.