"While the marquee November auctions generated a robust-and somewhat surprising-$2.2 billion total, most market watchers agreed that the real test would be Miami. The week kicked off with NADA and Untitled Art once again opening a day before Art Basel Miami Beach, both explicitly courting the mid-level and emerging tiers of the market. They offered a more accessible entry point and genuine space for discovery-as well as the clearest place to assess the market's true health."
""The market confidence is there from what I could see. Many of the things we inquired about today were sold," advisor Maria Brito told ARTnews, adding that her clients were actively buying during the previews. Several collectors interviewed echoed that sentiment, pointing to the high energy at both satellite fairs. Several galleries, meanwhile, said they had works sold or on hold early in the day."
November marquee auctions reached a $2.2 billion total, but Miami events served as the key market test. NADA and Untitled Art opened a day before Art Basel Miami Beach, targeting mid-level and emerging artists and offering accessible discovery opportunities. Openings were packed with vibrant atmospheres and steady sales that fell short of past frenzy yet indicated recovery at a different pace and volume. Advisors and collectors reported active buying during previews, with optimism driven by recent strong fair performances. Attendance skewed American and local, with fewer Europeans and almost no Asian buyers, highlighting a seasonal local collecting community.
Read at ARTnews.com
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