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✉news CultureArt first seen 5 h ago, last 28 min ago, peak #6

Art Basel Parent Company Reports Sharp Rise in Profits

Original: Art Basel’s Parent Company Records A Significant Rise In Profits Since Last Year

MCH Group, the parent company of Art Basel, has reported a significant increase in profits compared with the previous year. The results point to a strong recovery for the Swiss events group, whose flagship art fairs draw galleries and collectors from around the world. Observers in the art market are watching the figures as a signal of the sector's health and of demand for live fairs.

Why now: The profit jump is being read as a sign of recovery in the global art market and the live events sector.

Art BaselMCH Group

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