The French art world was shaken this week by news that Art Basel's owner, the Swiss firm MCH, has swooped in to replace France's own, long-running FIAC international art fair. The decision has brought into question the future of small art galleries in Paris.
Wednesday's decision comes at a time when Paris has been re-establishing its place as a pre-eminent centre for art in the world, boosted by new museums and the impact of Brexit on its main rival London.