Basel Switzerland hopes to rev up art market with blockbuster art
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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.
The throng of international collectors is descending on the quiet Swiss town for Art Basel, whose 47th edition opened on Monday with a showcase of gigantic works, including a full-scale Chinese house frame by Ai Weiwei.
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