Marc Glimcher

The Basel contemporary art fair last week defied forecasts of a market slowdown, with wealthy collectors buying works with seven or eight-figure price tags.

At its VIP day on June 13, Zurich's Hauser and Wirth gallery sold a spider by Franco-American sculptor Louise Bourgeois for $22.5 million.

The world's leading contemporary art fair has taken a futuristic turn this year, offering buyers the chance to see their sculptures placed on the moon.

Non-fungible tokens, or NFTs, were all the rage at the Art Basel fair in Switzerland, where the world of digital assets is taking off.