"A slimmed down attendance, however, didn't seem to impact sales, as many dealers reported a slew of them after day one, seemingly buoyed by the energy of $2.2 billion in spending at the New York auctions just a couple weeks ago. As has been the case at fairs worldwide the past few years, dealers also said that they had good interest in works and that clients were taking a bit more time to finalize sales."
"Some of the fair's strongest presentations are in the Kabinett sector, which is spread throughout the convention center, taking over a wall or a small room in a given gallery's booth. There's also a robust selection of fiber art, a medium that has been on the rise in the market over the past few years and in institutions for a bit longer than that."
Art Basel Miami Beach 2025 opened to VIPs with long entrance lines but generally quieter, more walkable aisles than the previous year. Attendance was slimmed down yet sales remained strong, with many dealers reporting multiple transactions on day one, buoyed by recent $2.2 billion spending at New York auctions. Buyers showed serious interest while taking additional time to finalize purchases, and dealers expected more confirmed sales by the fair's close on Sunday. Mega-galleries brought high-profile works, including a Picasso, but standout presentations appeared in the Kabinett sector and a robust selection of fiber art.
Read at ARTnews.com
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