Classics of the modern era of painting will be the focus of this year's Art Basel. With a roster of artists boasting the likes of Marc Chagall and Pablo Picasso, the 284 galleries exhibiting are expecting record sales.
German businessman Paul Leffmann sold Picasso's "The Actor" in 1938 to escape Nazi Germany with his wife. His great-grand-niece has lost a lawsuit aimed at returning the piece to the family estate.
The global art world will be focused on Basel, Switzerland, this week as the world's largest art fair presents renowned and upcoming contemporary work from across the 20th and 21st centuries.
A Paris court has ordered a US couple to return a Pissarro painting that was looted during WWII to the family of a Jewish art collector. Although the couple purchased it in good faith, the sale was void, the judge said.
Where to best show art? The Art Cologne, Germany biggest art fair, plans to expand to Berlin, while Art Basel's organizers are eyeing Dusseldorf. Germany could be headed for a major conflict between art fair locations.
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