Art Basel Miami Beach Sees Sales of Big-Ticket Artworks, Including Marlene Dumas Painting for $9 M. and Philip Guston for $20 M.
The art industry has once again descended on Miami for a week of “parties, paintings, and pills” at Art Basel Miami Beach, with several galleries already reporting sales of works over $1 million.
This year’s edition of ABMB takes place after a “fair and sober” evening auction season , but any concerns about international conflict or an economic recession were quickly mitigated during preview days.
“Sales at the booth have been strong since the opening hours of the fair, signaling an optimistic shift in this year’s sleepier market and economy,” Lehmann Maupin partner Fionna Flaherty said in a press statement. (Sales are self-reported by galleries, making the data difficult to confirm .)
Dealers reported robust attendance from collectors, curators, and museum groups hailing from Aspen to Paris to Hong Kong, as well as sales of works valued as highly as $20 million.
Below, a look at seven works that galleries said sold during Art Basel Miami Beach’s opening days, as well as a major work that could break an artist’s sales record.