Art Basel enjoys 'steady hum of business' at its 47th edition
Sales are being watched closely this year after May auction in New York falls by more than 50% from May 2015
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New York
THE rain and falling stock markets failed to spoil collectors' shopping mood during the opening hours of Art Basel, the world's biggest modern and contemporary art fair, on Tuesday in Switzerland.
Jet-setters and billionaires waited in long lines underneath umbrellas to get the dibs on the paintings and sculptures offered by 286 galleries at the cavernous convention centre in Basel.
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