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Art Basel's 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 the Art Basel fairs, has recorded a significant increase in profits compared with last year, according to an Artforum report. The result points to a recovery in the art market and live events business, and art-world observers are weighing what stronger finances at the fair organizer mean for galleries and collectors.
Why now: Fresh financial results from a leading art fair operator suggest the art market is rebounding.
Evidence
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