Art Basel brings record sales and crowds to N. Miami Beach

December 19, 2013 by  

The 12th annual Art Basel, a five-day art show in Miami Beach, saw a record number of attendees and a record number of sales during the second week of December.

Art galleries from across the globe hung artwork worth an estimated $3bn. The popularity of the show means that N. Miami Beach and the surrounding area are now being recognized as a center for arts and culture. The city can use printing services to promote the art show and other cultural events.

The art show has grown by leaps and bounds since it first debuted in Miami Beach in 2002. This year saw the opening of the the first Brazil ArtFair, which exclusively featured art and artists from the South American country. A Hong Kong fair, which debuted at the show in May 2013, brought Asian art to a wider audience as well.

Collectors and buyers are drawn to Art Basel from all over the world. An anonymous collector purchased a Jeff Koons sculpture for $8m from David Zwirner Gallery in New York City. An eight foot square shadowbox titled ‘Devil’s Gate’, meanwhile, was sold by the White Cube Gallery for $3m.

Buyers are attracted to works from around the world; not necessarily to those from their own cultures. For example, people from Indiana purchased a piece by Rufino Tamayo from a gallery that focuses on contemporary Latin American artworks.

Art sales are not the only focus at Art Basel Miami Beach; the week is also full of parties sponsored by luxury brands. This year’s fair had a reported total of 75,000 visitors.