«GOOD BUSINESS IS THE BEST ART»

June 9 (Bloomberg) -- Prices of work by artists such as Andy Warhol are being trimmed at this year’s Art Basel as dealers aim to beat the biggest slump in the market since 1991.The Swiss-based art fair, the world’s largest, opens to VIP visitors today and will feature almost 300 international galleries showing more than 2,500 artists.“The idea of bringing a lot of expensive pieces to Basel and just flogging them isn’t going to work this year,” Adam Sheffer, a director at the New York dealers Cheim & Read, said in an interview. “There are fewer buyers around and they’re looking for bargains.”