On the second day of the Art Basel VIP preview, sales continued at a slower pace. White Cube sold Michael Armitage's 2015 painting *In the garden* for $3.2 million, while Gagosian placed a large lobster sculpture by Jeff Koons for a seven-figure sum. Pace Gallery reported that a Pablo Picasso painting *Homme à la pipe assis et amour* (1969), priced at $30 million, remains on reserve, though it did sell a 1964 bronze by Louise Nevelson for $850,000. Berlin's Galeria Plan B sold an untitled 2025 Adrian Ghenie painting for €1 million, and Hauser & Wirth sold Frank Bowling's *Iceni* (1975) for $1.8 million, with Felix Gonzalez-Torres's *"Untitled" (Go-Go Dancing Platform)* (1991), priced at $16 million, placed on serious hold for an institution.
This article matters because it provides a real-time snapshot of the high-end art market during one of the world's most influential art fairs, Art Basel. The reported sales and reserves—ranging from emerging stars like Adrian Ghenie to blue-chip names like Jeff Koons and Pablo Picasso—indicate current collector demand and pricing trends. The placement of a major Felix Gonzalez-Torres work on hold for an institution also signals ongoing institutional interest in conceptual and politically charged art.