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UBS and Art Basel announce collaboration on Art Basel and UBS Global Art Market Report by renowned cultural economist Clare McAndrew
Zurich/Basel, 14 June 2016 – UBS, global Lead Partner of Art Basel, celebrates the opening of the 2016 edition the Basel show with the announcement of The Art Basel and UBS Global Art Market Report by Clare McAndrew, which will establish the global standard for art market research and become a new benchmark for the international art trade. The results of the first report will be published in March 2017, to coincide with Art Basel in Hong Kong. The annual report will regularly cover all of the main macro-economic art trends and deliver fundamental data on the art market as a whole. Furthermore, it will drill down into specific areas of interest and new business developments for collectors and professionals.
UBS also plans to continue its support of Art Basel into the next decade, a testament to both organizations' shared aspiration of creating a global platform for the exchanges that drive the art world forward, and the development and promotion of the visual arts. UBS has been supporting Art Basel in Basel, one of the world's most influential art fairs, since 1994. UBS expanded its partnership to include Art Basel in Miami Beach in 2002 and Art Basel in Hong Kong in 2014.
“Art Basel is a center of gravity for the art world where we can actively bring together our clients, guests and partners to see the world’s premier galleries, artworks and artists," said Jürg Zeltner, President, UBS Wealth Management. “Our joint venture to produce The Art Basel and UBS Global Art Market Report complements our leading position in financial research and analysis across the globe, as well as our in-house Art Market Review and bespoke client offerings through The UBS Art Competence Center."
UBS Art Collection at Art Basel
In the UBS VIP Lounge which is part of the Collector’s Lounge at Art Basel, Mary Rozell, Global Head of the UBS Art Collection, has curated a display that celebrates a distinguished chapter of the UBS Art Collection’s legacy and presents some of its most significant works. Dating from the 1960s to the early 1990s, this group of seminal works – paintings, drawings and works on paper – spans the arc of Abstract Expressionism through Pop Art and beyond, juxtaposing portraiture with formal geometric and gestural abstraction. Artists featured include Richard Artschwager, Chuck Close, John Currin, Jasper Johns, Roy Lichtenstein, Brice Marden, Alex Katz, and Gerhard Richter, as well as a recent acquisition by Doug Aitken. Some of the works presented in the lounge are part of a UBS promised gift to The Museum of Modern Art, New York.
The UBS Art Collection is the cornerstone of UBS’s commitment to contemporary art and part of its heritage and corporate culture. It comprises 30,000 works of art, including paintings, photographs, drawings, prints, video art and sculptures by emerging talents to some of the most important artists of the last 50 years. The works are on view in more than 720 UBS offices in 54 countries and shared with the public through museum loans and exhibition tours.
The Planet Art Lounge at Art Basel
This year, UBS hosts the "Planet Art Lounge," a public space in Hall 1 that will be open to all visitors throughout the duration of the fair, through June 19. Visitors can interact with UBS’s global art projects through custom film content and original artist-designed creations and also explore UBS’s signature art news app, Planet Art.
Great Wealth – Art Competence Center
The UBS Art Competence Center provides expert know-how and independent advice on art-related matters to UBS's wealthiest clients. A team of four dedicated art advisors, led by Patricia Amberg, delivers services ranging from art-historical analysis of an artist or work, price research and information on the art market including the aforementioned Art Market Review, to art transactions and estate planning. With its rigorous due diligence process, the Art Competence Center helps clients avoid risk factors. UBS shares its clients' passion for art and is committed to providing them with impartial advice and bespoke solutions.
About UBS and Contemporary Art
UBS has a long and substantial record of contemporary art patronage and holds one of the world’s largest and most important corporate art collections. The firm actively enables clients and audiences to participate in the international conversation about art and the global art market through its global lead partnership with Art Basel and the firm’s collaboration with the Solomon R. Guggenheim Museum on the Guggenheim UBS MAP Global Art Initiative. UBS also supports exhibitions and educational programming through its work with a number of regional fine art institutions including the Fondation Beyeler in Basel, Galleria d’Arte Moderna in Milan, the Nouveau Musée National de Monaco, the Louisiana Museum of Modern Art in Denmark, and the Art Gallery of New South Wales in Sydney, Australia. UBS provides its clients with insight into the contemporary art world through the free art news app Planet Art; the UBS Arts Forum; a partnership with the Swiss Institute on SI Visions, a series of artist-led videos; and a collaboration with the online resource Artsy on a series of videos, including The Art Market (in Four Parts); as well as through client services offered by the UBS Art Competence Center. For more information about UBS’s commitment to contemporary art and the UBS Art Collection, visit ubs.com/art.
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