This year's Art Basel fair features $3.4 billion worth of art — and it's selling out fast

As opening day sales at Art Basel soar, the art market bubble is getting fatter.  

This year's fair boasts $3.4 billion worth of art for sale in the Swiss city of Basel. 

Artnet reports that multimillion dollar works sold like gangbusters in the fair's first few hours. "I haven't had such a good day one at Basel in 10 years," New York dealer David Nolan told the website. 

Here's a look at the galleries and artists who are raking in millions, as well as some really cool art you need to see. 

Works by British artist Martin Creed are a hot item at Basel. A four-minute film he created in 2013 sold quickly for $65,000.

"Work No. 2068" by Martin Creed.

According to Artnet, a $5.5 million Christopher Wool piece was sold by New York's Van de Weghe Gallery in the first half hour of Basel's opening day.

"Untitled (SC5)" by Christopher Wool.

Artist Julius von Bismarck is doing performance art on this rotating platform. The work is called “Egocentric System.”