The Scoop @ Art Basel Miami Beach

02Dec10

Works are selling at Art Basel Miami Beach but the buzz of years past has dissipated, leading to a less crowded fair where galleries can do business and collectors can peruse with slightly less fanfare.

According to The New York Times, the blue-chip galleries Gagosian, David Zwirner, Pace and Andrea Rosen are all making sales and the slower pace of the fair has had the positive effect of increasing museum acquisitions because there is less competition for availability.

The Wall Street Journal reported that major collector Steven A. Cohen bought a work by Tim Hawkinson for $180,000 from the gallery Blum & Poe and Adel Abdessemad’s “Mappemonde” for approximately $300,000 at Zwirner.

Here is a slideshow of the scene at Art Basel Miami courtesy of WLM Advisors.

This slideshow requires JavaScript.

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