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Basel, Switzerland (GenevaLunch) – The Miami offshoot of the Basel Art fair has since 2002 been a place where wealthy clients and would-be customers of Swiss bank UBS could expect to be lavishly wined and dined in carpeted tents. The bank is the main sponsor of the US version of the contemporary art show in Switzerland, of which it is the sole sponsor. This year UBS has canceled what Bloomberg regards as its signature extravaganza event.

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