Boom: Mad Money, Mega Dealers, and the Rise of Contemporary Art
by Michael Shnayerson · 20 May 2019 · 552pp · 163,292 words
of my clients have a Christopher Wool,” Schiff acknowledged. “But I am very happy about that overlap.”35 For this new breed of art advisor, Art Basel Miami Beach was the market’s new epicenter, starting in December 2002. “That was the real bonfire of the vanities,” Schiff noted. “Suddenly there was this excitement
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to be. The game was in hearing who bought what in the opening minutes of Art Basel Miami Beach, and then snapping up those same artists before everyone else did. Don and Mera Rubell, who had lobbied hard for Art Basel Miami Beach, had come a long way since their $25 art buying trips to the East Village
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800 artists. Though they prized all their art and held on to most of it, they did occasionally sell or barter.36 At that first Art Basel Miami Beach, the Rubells established a new tradition with an opening night party for hundreds at their warehouse, showcasing the work of new artists they liked. The
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wave the question away. The Rubells cared about art, they declared, not the art market. But in art, as in tennis, they liked to win. ART BASEL MIAMI BEACH DID MORE than bring dealers and collectors together for three days of art talk and fun. It pushed prices of hot artists ever higher, as
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West Coast dealer David Kordansky, who had started in LA’s Chinatown and had just lost his prized artist Thomas Houseago, met Rashid Johnson at Art Basel Miami Beach in December 2008, “or maybe it was 2009, that time is a blur,” admitted Kordansky. Johnson was being represented by New York dealer Nicole Klagsbrun
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to put Murillo in a group installation with two other artists that December 2011 at the New Art Dealers Alliance, a Miami fair concurrent with Art Basel Miami Beach. “I put the three artists together, but Oscar wanted to show a massive painting,” Ghebaly recalled. “I thought it was taking too much from the
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Berlin, who had also dealt in Murillo’s work? Or one of the megas? Murillo took almost a year to make his choice, after his Art Basel Miami Beach debut at the Rubell Family Collection in December 2012. He moved with care, showing works in numerous solo shows at small galleries. But if he
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was Studio Drift, a two-person collaboration, which under Pace’s aegis and BMW’s sponsorship sent 300 Intel drones into the night sky over Art Basel Miami Beach in 2017. Like starlings, they appeared to fly in planned formation; like starlings, they actually moved to their own rhythms of movement and flight. At
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, sensing growing interest in figurative art, two of the art market’s deepest insiders—Jeffrey Deitch and Larry Gagosian—staged a collaborative group show at Art Basel Miami Beach. Competitors for decades but confederates, too, Deitch and Gagosian had looked for some time for a project that might engage them. Deitch was intrigued by
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underscored a rise in figurative art sales. Among the highest earners: Alex Katz, Peter Doig, John Currin, Kerry James Marshall, and Marlene Dumas. As always, Art Basel Miami Beach in December 2015 was judged more by its celebrity sightings and over-the-top parties than by its seriousness about art. Actor Leonardo DiCaprio showed
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small had traveled to a handful of fairs: FIAC in Paris, New York’s Armory Show, and the most established fair, Art Basel Switzerland. When Art Basel Miami Beach joined the pack in 2002, and Frieze London in 2003, the pace remained, for a while, manageable. Yet each year, more new fairs sprouted, in
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. “And I would lose my artwork. I couldn’t sell it for a long time after that—it had been burned.” After a particularly depressing Art Basel Miami Beach in 2017—$35,000 in sales after paying $200,000 for a booth and expenses—Freire declared, quite publicly, that he was completely forgoing art
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Zwirner’s proposal. “But the question is how many galleries at the top of the market are willing to subsidize the rest of the fair?” ART BASEL MIAMI BEACH HAD BARELY begun that December 2017 when word went around the convention center: the secret buyer of Leonardo da Vinci’s Salvator Mundi had been
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(AAP), 339, 340, 379 “Art and Money” article (Hughes), 146 Art Basel 2017 and 2018, 1, 2–7, 394–395 Art Basel Hong Kong, 394 Art Basel Miami Beach, 239–241, 331–332, 336–337 art fairs, 238–239, 362–363, 384–385, 386–387 art market: art economics, 107–108; from art world
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, 73 Portrait of an Artist (Pool with Two Figures) (by Hockney), 185 Pottorf, Darryl, 254 Presenhuber, Eva, 277, 375 Press, Clayton, 178 prices for works: Art Basel Miami Beach, 240–241; and artists’ rise, 270; auction prices as metric, 77; black artists, 169; and collectors, 212–213; commissions to galleries, 43; early contemporary art
Big Bucks: The Explosion of the Art Market in the 21st Century
by Georgina Adam · 14 Jun 2014 · 231pp · 60,546 words
, along with big-spending visitors. The economic benefits of holding a fair are difficult to quantify, but according to one report,128 between 2002, when Art Basel Miami Beach was held for the first time, and 2010, revenue from the average Miami-Dade hotel room grew 51 per cent, and in December alone, it
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grew by 79 per cent. Even the local airport benefits, with private jets paying landing fees during the fair. Art Basel Miami Beach – and the multitude of satellite events that are held at the same time – has enabled Miami to rebrand itself as a cultural centre and boost
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.’130 This ‘destination’ aspect is bolstered by the activities around them: the VIP programmes featuring visits to local collections, talks and, of course, the parties. Art Basel Miami Beach in particular is renowned for its sometimes highly decadent parties, with the combination of tropical climate, Latin-American lustiness, availability of drugs and luxury hotels
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that seem to invite excess, with draped beds – some equipped with television screens – dotted around the swimming pools. ‘Art Basel Miami Beach is an excuse for people to take five days off and basically go nuts,’ says one dealer who knows the scene well.131 Luxury-goods
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VIP visitors are still queuing up outside. The tie-up between art fairs and banks went horribly wrong, however, in 2008 when one month before Art Basel Miami Beach opened, a Florida jury indicted the head of UBS’s worldwide wealth management business, Raoul Weil, for allegedly helping thousands of Americans hide their money
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BACKLASH In 2011 the collector, dealer and billionaire investor Adam Lindemann published a broadside in the New York Observer starting: ‘I’m not going to Art Basel Miami Beach this year.’ It went on: Here are all the things I’m absolutely not going to: Tuesday it’s a lunch with Ferrari chairman Luca
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Basel or Frieze. Their growth seems recession-defying – even in 2009, as the art market suffered along with the rest of the world’s economy, Art Basel Miami Beach still had 17 such events – only a slight drop from the 21 it had seen at the top of the art-market boom in 2007
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houses are constantly trying to find a way to encroach on fairs, as part of their continuing expansionist thrust. ‘The opening of Art Basel or Art Basel Miami Beach is one of the prime moments in our activity, that’s when our major sales are made,’ says the Berlin and Stockholm dealer Claes Nordenhake
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consultants who hold their 60-something collectors by the . . .’ he hesitates a moment, chuckling, then concludes: ‘by the tie!’143 Indeed, just before the 2013 Art Basel Miami Beach fair, director Marc Spiegler sent a letter to the three main auction houses, asking them not to indulge in activities such as: Promoting works that
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Emin’s editioned neons with easy-to-like slogans (The last great adventure is you or The passion of your smile) which sold strongly at Art Basel Miami Beach in 2013. POLARISATION The art fair landscape is constantly evolving, and is highly competitive: with such a busy calendar, there are virtually no time slots
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now runs three massive fairs, one in Hong Kong (it bought into the existing HK event in 2011 and completely rebranded it in 2013) and Art Basel Miami Beach, started in 2002 (the initial 2001 edition was cancelled in the wake of the 9/11 terrorist attack). Will this concentration into big groups continue
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basis of these projects, for two years art dealers agreed to exhibit at Abu Dhabi Art, on inconvenient dates in November between Frieze, Fiac and Art Basel Miami Beach, on the implied basis that they would be rewarded one day. They sat for hours among the artificial palm trees in the gloomy basement of
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. 130 Conversation with the author, December 2013. 131 Anonymous, conversation with the author, May 2013. 132 Adam Lindemann, ‘Occupy Art Basel Miami Beach now!’, New York Observer, 29 October 2011, http://www.adamlindemann.com/occupy-art-basel-miami-beach-now. 133 Lindemann, ‘Occupy’. 134 ‘Critics’ roundtable: What was the cultural event of 2012?’ NY Magazine, 12 March 2012
Back to Blood
by Tom Wolfe · 1 Jan 2012 · 687pp · 204,164 words
somebody called it “Miami Art Basel,” thinking that was the full name, she would inform him in some mostly polite way that it was officially Art Basel Miami Beach… and that those in the know didn’t call it “Miami Art Basel” for short. No, they called it “Miami Basel.” She could fire off
1,000 Places to See in the United States and Canada Before You Die, Updated Ed.
by Patricia Schultz · 13 May 2007 · 2,323pp · 550,739 words
305-446-6767; www.normans.com. COST: dinner $60. BEST TIME: New Year’s Eve for a special celebration. The International Art Market Does Miami ART BASEL MIAMI BEACH Miami Beach, Florida It began in the Swiss town of Basel, where since 1969 art collectors and connoisseurs have gathered each June for the prestigious
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and Art Chicago. Blame Miami itself, maybe. Already feeling confident as one of the new stars of international favor, the city took to the fair. Art Basel Miami Beach represents the apotheosis of the art scene arguably created by Andy Warhol in the 1970s and ’80s: a mixture of fine art, fashion, film, music
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and its attendant circus. You’ll probably have a better time if you’re just trying to enjoy the Next Big Thing—not buy it. Art Basel Miami Beach features 20th- and 21st-century artworks by over 1,500 artists. WHERE: Miami Beach Convention Center and other venues. Tel 305-674-1292; www.artbasel
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-3100; www.shoreclub.com. Cost: from $225 (off-peak), from $525 (peak). BEST TIMES: Jan–Apr for the weather; 1st week in Dec for the Art Basel Miami Beach festival (www.artbasel.com). Art Deco on the American Riviera SOUTH BEACH Miami Beach, Florida Some places and times just go together, and South Beach
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ARMY-NAVY GAME, Pa., 217–18 Arneson River Theater, Tex., 783 Around Oahu Bike Race, Hawaii, 931 Arrowhon Pines, Ont., 994 Arrows Restaurant, Maine, 33 ART BASEL MIAMI BEACH, Fla., 315–16 Artesian Restaurant, N.Mex., 751 ART GALLERY OF ONTARIO, Ont., 1004–5 Artillery Park, Pa., 233 ART INSTITUTE OF CHICAGO, Ill., 483
The Metropolitan Revolution: How Cities and Metros Are Fixing Our Broken Politics and Fragile Economy
by Bruce Katz and Jennifer Bradley · 10 Jun 2013
). See also Escola Superior de Propaganda e Marketing, “Dual Degree Requirements,” 2013 (www.espm.br/Unidades/SaoPaulo/PosGraduacao/MBA Executivo/Documents/ESPMAppendix1MBA.pdf). 90. See Art Basel, “Miami Beach: 2012 Galleries,” 2012 (www.artbasel.com/en/ Miami-Beach/About-the-Show/2012-Galleries). 91. McKinsey and Company, “Winning the $30 Trillion Decathlon,” pp. 9
USA Travel Guide
by Lonely, Planet
Party MUSIC (www.whiteparty.net) This weeklong extravaganza in November draws more than 15,000 gay men and women for nonstop partying all over town. Art Basel Miami Beach ART (www.artbaselmiamibeach.com) An internationally important art show held each December – a sister event to Art Basel Switzerland. Sleeping Miami Beach is the well
Eastern USA
by Lonely Planet
Party MUSIC (www.whiteparty.net) This weeklong extravaganza in November draws more than 15,000 gay men and women for nonstop partying all over town. Art Basel Miami Beach ART (www.artbaselmiamibeach.com) An internationally important art show held each December – a sister event to Art Basel Switzerland. Sleeping Miami Beach is the well
Picnic Comma Lightning: In Search of a New Reality
by Laurence Scott · 11 Jul 2018 · 244pp · 81,334 words
Civil Liberties Union, in particular, has promised to continue the work of #MeToo in ‘Dismantling Sexual Harassment’. Discussing the women artists showcased at the 2017 Art Basel Miami Beach, Guardian journalist Janelle Zara challenges the ‘prevailing mythology’ that ‘the gendered power balance of the status quo will magically dismantle itself’. Intentionally or not, the
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Cultural Shift’, W Magazine, 22nd November 2017; ‘“prevailing mythology” that …’, Janelle Zara, ‘“There’s a lot of grief to process”: how the #MeToo movement gripped Art Basel Miami Beach’, Guardian, 13th December 2017; ‘The master’s tools …’, Audre Lorde, Sister Outsider (Trumansberg: Crossing Press, 1984). 12 ‘(picnic, lightning)’, Vladimir Nabokov, Lolita (London: Penguin, 1995