Art market eyes rebound as Basel fair kicks off

BASEL, Switzerland - The global art market appeared to collectively sigh with relief as deep-pocketed collectors descended on Art Basel this week after two years of dwindling sales.

The world's biggest contemporary art fair opens to the public on Thursday, but VIPs got an advance peak at the vast array of artworks for sale.

They range from 20th century masters like Pablo Picasso to today's cutting-edge creations.