So the general consensus on Art Basel was that it wasn't quite "the embodiment of failure" that the schadenfreude-loving German mag Der Spiegel predicted.
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As one anonymous dealer told New York: "We did better than we expected -- and worse than we had hoped."
Among the artists New York singled out as recession-proof were Cindy Sherman, Mickalene Thomas, and local art superstar Hernan Bas. Good to know that at least one small segment of this town, even embodied in a single artist, won't be too affected by this ridiculous economy.