SPONSORED NEWS ARCHIVE
Article from: Florida Trend
Article date: November 01, 2008
Author: Broder-Singer, Rochelle
City commissioners replaced the Miami Beach Convention Center's longtime management company, SMG, with a partnership of Art Basel Miami Beach owner Messe Schweiz and Global Spectrum, a Comcast subsidiary. In return, Art Basel committed to hold the show in the city through 2011.
Read the rest of this article with a Free Trial at HighBeam Research.
Newser gathers stories from across the web and packs what you need to know into about 120 words.
Check out these stories related to your search.
Visit our grid for the latest news.
Posted Dec 6, 07 7:06 AM CST in
Arts & Living
Source: Associated Press
(Newser) – Art Basel Miami Beach opens to the public today, but yesterday's VIP preview saw the now-traditional mad dash of collectors to snatch up works. Many people attending the preview were complaining about high prices, the Miami Herald reports—not least at those galleries that are pricing work in euros. Despite the crush of visitors, some are saying that this year's fair has got off to a slow start.
The increased visibility of the art market has hiked the celebrity quotient at the most important art fair in the United States. But Art Basel may be the first casualty of the weaker art market that so many have predicted. "This year there is a little slowdown," said Karl Schweizer, who buys art UBS. "The prices are too high, too marked up."
Collectors descend on Art Basel, but sales are slow
Miami Herald Dec 4, 08 1:30 PM CST
(Newser) -
The art world descends on Miami this week for Art Basel Miami Beach, America's biggest art fair. But last night's VIP opening had none of the crazed buying of recent years, when collectors ran through the aisles in the first minutes like frenzied Wal-Mart shoppers. "It's obvious the economy is having an effect," one Berlin dealer told the Miami Herald . "There's no rush. Before it was crazy."
More »
Collectors buy, but enthusiasm is low at Swiss art fair
New York Times Jun 5, 08 9:55 AM CDT
(Newser) -
Art Basel, the world's most prestigious (and most expensive) art fair, opened Tuesday in Switzerland amid grumbles that works for sale were of middling quality and overpriced. "Now there are just too many art fairs," said a director of PaceWildenstein, one of New York's biggest galleries. As the New York Times writes, this year's Art Basel is loaded with well-known names at the expense of new discoveries.
More »
Dismal auction season continues as Bacon fails to find buyer
Bloomberg Nov 13, 08 9:16 AM CST
(Newser) -
The art world bust continued last night at the Christie's contemporary auction in New York, where almost a third of the 75 works on the block went unsold. Not a single collector bid for the highlight of the sale, a self-portrait by Francis Bacon estimated to sell for around $40 million, Bloomberg reports. And in a sign of the times, a collection of 16 drawings put up by the CEO of bankrupt Lehman Brothers sold for just $13.5 million, below the low estimate.
More »