More on Miami - artnet Magazine
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3/14/07 10:11 AM
An aerial view of the booth of Paul
Kasmin Gallery at Art Basel Miami
The Suites of Dorcester in Miami
Beach, setting for the Ink Miami 2006
A woodcut by David Alfaro Siqueiros
from the "Grabados Portfolio" (1931) at
Diane Villani Editions at Ink Miami
A Kurt Schwitters collage from 1946 at
Charles M. Young Fine Prints &
Drawings at Ink
MORE ON MIAMI
by Ben Davis
"Just have a lot of money, and you’ll have a lot of
friends," Andy Warhol said, or words to that effect.
So it was in Miami last week, where thousands of art
collectors and dealers descended upon the city to revel
in sales and soirees, the twin pillars of the art
whirlwind anchored by Art Basel Miami Beach
(ABMB), Dec. 6-10, 2006.
On the money side, business was so brisk that it
hardly seems worth itemizing. According to ace art
journalist Lindsay Pollock in Bloomberg News, trade
at ABMB alone totaled in excess of $400 million.
Bragging rights went to those dealers who sold out
their booth during the vernissage, and plenty claimed
to have done just that.
"It seems like virtually anything sells at art fairs these
days," said Citigroup Private Bank art advisor
Louise Eliasof, "which makes it increasingly difficult
for galleries to come up with fresh material." Eliasof
said she was able to find some "major and wonderful"
works for her clients, however.
After a little research in the Miami hall of records,
veteran Modern Art Notes blogger Tyler Green
reports in the pages of Fortune magazine that ABMB
has a budget of $9 million for the entire fair, including
$400,000 for renting the convention center and other
facilities. Guesstimates put the contribution of UBS at
about $1.2 million for ABMB -- though its hard to break
out, since the Swiss financial institution underwrites
both ABMB and Art Basel to