Art Basel is a for-profit art fair held several times each year in three cities: Hong Kong, Miami Beach, Florida, and Basel, Switzerland. It is privately owned, managed, and operated, with most of its revenues coming from art deals and fees paid by galleries for exhibition booths at the fairs. Its mission is to connect art galleries and patrons with visitors and buyers worldwide.
Art Basel typically collaborates with institutions in the host city to help develop and nurture local art programs. While it offers a platform for artists and art galleries to showcase and market their artworks to potential buyers, Art Basel has created an international fan base that includes art students and viewers.