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ART BASEL:Culture Vultures, Tastemakers, and a Growing Art Market Bubble

art-basel

This year’s four-day Miami based art fair, running stronger each year since its 2002 inception, delivered on its goal of ever expanding the North American art market. An estimated 50,000+ visitors, strewn with high rolling collectors, heavily influential dealers, and high profile celebrities, were on display at the various Miami Beach functions throughout the fair. Billions of dollars in art sales, old standard art stars, and newly crowned art royalty in one place at one time.


Related Links:
High-powered collectors and their effect on the current art market:
http://www.nytimes.com/2012/12/08/arts/design/art-and-commerce-meet-in-miami-beach.html?_r=0

High society players in attendance:
http://www.huffingtonpost.com/tara-solomon/art-basel-miami-2012_b_2273473.html

The culture that surrounds the art fair:
http://www.reuters.com/article/2012/12/06/uk-art-miamibeach-culture-
idUSLNE8B500L20121206

How high dollar artists performed at this year’s event:
http://www.artinfo.com/news/story/845952/sales-at-art-basel-miami-beach-gather-momentum-
on-the-fairs

Blake Gopnik examines current art market spending trends on display at Art Basel:
http://www.thedailybeast.com/newsweek/2012/12/09/blake-gopnik-pop-goes-the-art-bubble.html

  • by The Finest
  • December 17, 2012
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