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It Won't Be Business As Usual At Art Basel Miami Beach
"While the world's flashiest art fair tries to put on a brave face, the grim financial picture worldwide has cast a pall over the festivities and sales prospects" at Art Basel Miami Beach. "The fair's main sponsor, Swiss bank UBS AG, has recorded about $50 billion in writedowns and losses." Bloomberg 12/02/08
"While the world's flashiest art fair tries to put on a brave face, the grim financial picture worldwide has cast a pall over the festivities and sales prospects" at Art Basel Miami Beach. "The fair's main sponsor, Swiss bank UBS AG, has recorded about $50 billion in writedowns and losses." Bloomberg 12/02/08
Posted December 2, 2008 04:12 AM
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