#gallery-sales

#gallery-sales

South Florida's sunny skies proved an apt backdrop this week. Across Art Basel Miami Beach (ABMB), key industry figures are proclaiming the clouds hanging over the art market to have lifted. "The last two and a half years were really bad. But now we've moved onto the next 30-year cycle," says Pace's president Marc Glimcher. His gallery reported sales of almost $5m across the fair's first two days, including a 2020 painting by Sam Gilliam for $1.1m.

"Now is the time to buy-it is the best time I have ever seen. While the quality of offerings at Art Basel this year is very good, sales are slow and expectations are modest."