Art Basel Shifts to September Amid Coronavirus Concerns

The 50th edition of the world’s biggest modern and contemporary fair joins a growing list of canceled and postponed art events. Art Basel, the centerpiece of Europe’s summer art market calendar, has postponed its June edition in Switzerland until September as a result of the coronavirus pandemic. Health concerns permitting, the 50th Art Basel will now take place Sept. 17-20, with preview days on Sept.

15-16. More than 280 galleries from 35 countries are slated to participate. “We thank our galleries for the support and understanding of our highly complex decision to postpone the fair,” Marc Spiegler, global director of Art Basel, said in a statement Thursday. “We hope that the situation improves swiftly, and we will work closely with our exhibitors to deliver a successful fair in September.

” The event will now take place just two weeks before Frieze London, Europe’s other main destination contemporary art fair, and four weeks before FIAC in Paris. “We all expected it,” said Richard Nagy, a London-based Art Basel exhibitor. “It’s hard to tell if it’s the right thing to do. There are going to be a lot of people hurting by then.

” The fair, would provide a much-needed injection of revenue for Art Basel’s beleaguered Swiss-based parent company MCH, whose finances have been hurting in recent months. Exhibitor and attendance numbers have been declining at its flagship Baselworld watch fair, the company’s main income-earner, and in February MCH postponed the edition scheduled for April 30, because of the pandemic. (Bulgari and other watch brands are organizing a rival event. ) Art Basel Hong Kong, Asia’s biggest international art fair, was also canceled last month.

The event, which takes place in March, transferred to a digital platform, with online viewing rooms. Exhibitors were typically charged only 25 percent of their booth fee for participating in the fair. On Thursday, shares in MCH Group AG were priced at 13.

“40 francs on the SIX Swiss stock exchange, a decline of 55 percent of the stock’s price in December.”