A paradox has emerged in South Florida's art economy post-Covid: while upper incomes have soared due to financial inflow, the local art market struggles after recent growth.
The pandemic's impact on South Florida’s art market reveals slow recovery challenges, with contrasting wealth influx and declining market activity as Miami Art Week approaches.
Ken Griffin's Citadel relocating hundreds to Miami exemplifies the financial sector's migration; yet this hasn't translated to lasting stability for the art market.
Despite a surge in high-net-worth individuals, the current art infrastructure in South Florida has receded noticeably since 2023, challenging market revitalization efforts.
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