Although the art business world may be on holiday right now, we're still pounding the (international) pavement to bring you a report of the most important and talked-about events in the art world right now. This week, hosts Kate Brown and Ben Davis are joined by Artnet's London correspondent Vivienne Chow for the monthly roundup.

Just two short weeks ago collectors, curators, museum bigwigs, and celebrities arrived in Basel Switzerland for Art Basel's flagship event. Dealers were quick to announce big-ticket sales, but there was an undercurrent of conversation regarding the so-called "doom porn" narrative swirling in the press. As Artnet News's Katya Kazakina has been reporting, the market is in the midst of a major correction.

Beyond the fair, where well-heeled visitors traipsed between the installation of Agnes Denes's iconic Wheat Fields and the beloved cow pastures, there was lots to see. In a recent editorial, host Kate Brown wrote about how social media algorithms are affecting performance art, and the trio discuss this trend in relation to the activations in and around the fair. Finally, the trio discuss the life and legacy of Barbara Gladstone, the highly esteemed art dealer who passed away at age 89.