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Art Basel expecting top results

The 39th Art Basel has ended on a high note after organisers said the show was expected to bring in record sales.

The four-day event featured paintings, sculptures, drawings, installations, photographs and video works from 300 leading galleries from North America, Latin America, Europe, Asia, Australia and Africa.

The show brings in some of the year’s biggest revenue for many galleries.

Those attending include collectors, dealers, artists, curators and other art enthusiasts. Actor Brad Pitt and Russian millionaire Roman Abramovich were among buyers this year.

One of the expensive items sold was Japanese artist Takashi Murakami’s Oval Buddha, priced at around $8 million (SFr8.15 million).

Organisers said on Sunday they were on track for a record year to follow top results in 2007.

Marc Spiegler, co-director of Art Basel said there had been a surge in submissions of sculptures and large works for sale in this year’s show.

Art Basel’s American counterpart, Art Basel Miami Beach, takes place December 4-7, 2008.

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