of them and if you have that kind of cast you can actually buy one of his pieces at the art basel what's the world's premier art fair that just opened its doors on thursday where 290 galleries from 34 countries are peddling their wares and sales from last year tell us that the global art market is booming so for serious collectors it's the place to be. come to art basel with a suitcase full of cash and you can shop around in style.

world heritage 60 . the folks. hi there and welcome to news from arts and culture and we'll start off with a look at what's up for grabs at the art basel the world's premier art fair on until sunday in switzerland and also coming up. sandra royal is a virtue also violinist from southern germany who's equally at home with classical or jazz and that is thanks to her roots. and see trekking is a way to explore the world's wildest coastlines and feel quite literally at one with the elements. well there's only a handful of living artists whose works command tens of millions of euros jeff koons is one of them and if you have that kind of couse you can actually buy one of his pieces at the art basel and what's the world's premier art fair that just opened its doors on thursday where 290 galleries from 34 countries are peddling their wares and sales from last year tell us that the global art market is booming so for serious collectors it's the place to be. come to art basel with a suitcase full of cash and you can shop around in style. called or. go. on.

them and if you have that kind of couse you can actually buy one of his pieces at the art basel and what's the world's premier art fair that just opened its doors on thursday where 290 galleries from 34 countries are peddling their wares and sales from last year tell us that the global art market is booming so for serious collectors it's the place to be. come to art basel with a suitcase full of cash.

unbelievably heavy price tags there is this what the art basel is now concentrating on really just the kremlin oh yeah this is i mean you know the art the art world these people that go around the globe air kissing their way around the globe from art fair to art fair art basel is where they come to target the chinese billionaires the oil sheiks the american tycoons and they bring their most valuable works with them and they choreograph this sort of feeding frenzy where the super rich buyers are racing to get the very best goods ok so let's talk about that because the art market's obviously getting very very expensive is an understatement it's incredibly exclusive very top heavy at the moment doesn't that mean huge pressure for new talent for instance it does well what's happening is actually the parts of the art market that foster new upcoming talent. are being hollowed out because buyers now are only interested in the works that are worth millions they want to buy a picasso as they don't want to buy the future this is the next big stars so the art market is huge right now but it's actually not very healthy it's just really about the rich getting

of them and if you have that kind of cash you can actually buy one of his pieces at the art basel and what's the world's premier art fair that just opened its doors on thursday where 290 galleries from 34 countries are peddling their wares and sales from last year tell us that the global art market is booming so for serious collectors it's the place to be. come to art basel with a suitcase full of cash and you can shop around in style and see anything you like calder. should go. maybe this picasso. she didn't do. because those woman with dark can be yours for a cool 28000000 euros. and if you keep shopping you'll find even more big names here at art basel you can take home display wrote for 22000000 euros. in the last years huge price tags have blown the global art market up to check cancer proportions you see 2 years of consistent growth and they grew last year by about 6 percent so it's reached about 67 really a very i mean you can see by pfizer learned it does spark the interest of the kind of mainstream investment community even at this stage it is it is a big business. the same big names are sellin