Forbes’s Karen Blankfeld gets talked to Marc Spiegler about ArtBasel this year:

While last summer Asian and Middle Eastern collectors made a strong showing at Basel, this year Spiegler expects to see the rapidly expanding group of collectors in Latin America — not just in Brazil and Mexico — to make a strong appearance, too. Young European collectors have also become increasingly active, he adds.[…]

Last year Picasso’s “Personnage” sculpture sold for $15 million; Barbara Kruger’s “Are We Having Fun Yet” sold for $700,000. Artists displayed ranged from Andy Warhol to Wassily Kandinksy and Giacometti.

Billionaires, Collectors, Celebrities and Artists Gather at Art Basel (Forbes.com)