A vibrant scene at an art fair held inside a grand venue with an expansive glass-domed ceiling and intricate green ironwork. The large exhibition space is filled with white-walled booths displaying various artworks, while numerous visitors walk through the aisles, engaging with the art. The venue's impressive architectural details, including arches and tall windows, provide a stunning backdrop. Above the image, a teal banner reads 'ART MARKET MINUTE'
Art Basel Paris at the Grand Palais. Courtesy Art Basel.

There were plenty of high-value works to be had at Art Basel Paris last week, since dealers banked the best of their stock for the event, knowing that collectors were prioritizing it this year given its debut in the freshly renovated Grand Palais.

Also in this episode, why a $50 million Ed Ruscha selling at Christie’s New York next month is significant for the market. Plus, the well-known New York art advisor Lisa Schiff pleads guilty to fraud and more essential industry news brought to you by podcast host, Margaret Carrigan, executive producer, Sonia Manalili, and the editors of Artnet PRO.

For more need-to-know intel, subscribe now  to The Back Room, our lively recap funneling only the week’s must-know intel into a nimble read you’ll actually enjoy delivered straight to your inbox every Friday.