Art

As the Art World Contends With Political Discord, Art Basel Miami Beach Marks an Optimistic Turn for the Markets

abmb-market-report
Nasim Hantehzadeh, Near Drowning, 2023. Image courtesy of the artist and Pippy Houldsworth Gallery.

As the black curtains parted for Wednesday’s VIP preview on a surprisingly chilly morning in Miami, Art Basel Miami Beach once again unveiled 500,000 square feet of superlative contemporary art. This year, however, the specter of global events roiling the art world was impossible to ignore, with dealers, curators, and artists clashing over political and moral stances throughout the fall. Add higher interest rates to the equation, and it’s no surprise a collective miasma presaged Miami Art Week. But by Thursday, the numbers had spoken and a measured sense of relief flooded the industry: the pull of the premier U.S. art fair endures. At ABMB, collectors absorbed a stream of significant new artists with upcoming solo shows at more attainable price points, alongside a strong roster of museum bonafides.

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