Can a London dealer sell a Sigmar Polke at the Basel art fair without paying the royalty?

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The group that plays host to the Art Basel contemporary-art fair at its home in Switzerland each June the world's largest art show for the past four decades and to Art Basel Miami Beach, a sister show started for the Americas in 2002 and held each December, will now have a third leg, in Asia.

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Others are also likely saving up for next month's Art Basel, the Swiss contemporary art fair whose owner MCH Group recently bought a majority ownership stake in Art HK. (Next spring, Art HK will be renamed Art Basel Hong Kong.) The fair closes Sunday.

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