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Basel Switzerland hopes to rev up art market with blockbuster art

Galleries are bringing works by artists who had strong performances at auctions, such as Jean-Michel Basquiat's "Untitled", which fetched US$57.3 million at Christie's last month.

New York

JACKSON Pollock's US$25 million drip painting and Gerhard Richter's US$20 million abstract canvas are expected to lure billionaires, including Paul Allen and Eli Broad, at the world's largest modern and contemporary art fair this week in Basel, Switzerland.

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