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It is the world’s most important contemporary art fair. Art Basel this year attracted 61,000 collectors, curators and art afficionados—more than ever before. Celebrating its 40th anniversary, the five-day fair which closed on June 14th, drew over 300 galleries from 29 countries, showing works by more than 2,500 artists. To many it must have seemed as if the economic recession was happening elsewhere.

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Today’s sale at Sotheby’s, in London, really shows what can happen when a saleroom offers some nice quality works of art.