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We show that the local Burkholder functional is quasiconvex. In the limit of going to 2 we find a class of non-polyconvex functionals which are quasiconvex on the set of matrices with positive determinant. In order to prove the validity of lower semicontinuity arguments in this setting, we show that the Burkholder functionals satisfy a sharp extension of the classical function theoretic area formula. As a corollary, in addition to functionals in geometric function theory, one finds new classes of non-polyconvex functionals, degenerating as the determinant vanishes, for which there is existence of minimizers.

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