worldredeye
Dec 12
A surging wave of confidence swept through @artbasel Miami Beach as collectors returned in force and million-dollar sales fueled the fair’s strongest showing in years.
Art Basel Miami Beach drew more than 80,000 attendees this year, marking a clear resurgence in the global art market after several sluggish seasons. With over 280 galleries and a flurry of weeklong satellite fairs, the event saw multiple seven-figure sales and enthusiastic buying from collectors across the U.S., Europe, Latin America, the Middle East, and Africa. Dealers pointed to November’s robust New York auctions — which topped $2 billion — as a key catalyst that reignited momentum.
Driving much of the energy was the dense concentration of wealth on the fair’s floor, where private banks, luxury brands, and real estate power players flocked to court top clients. @ubs, Art Basel’s global lead partner, hosted one of the fair’s most coveted VIP spaces, drawing billionaires and seasoned collectors alongside newcomers eager to begin building collections.
As advisors encouraged clients to view art as a meaningful asset rather than a speculative investment, the mood throughout the fair made one thing clear: the market’s vibrancy is back, and collectors are ready to buy again.
worldredeye
Dec 12
Cost:
Manual Stats:
Include in groups:
Products:
