Art Basel Miami Beach ended and dealers reported good sales. (@nachomartinfilms)
The gallery owners came to themselves Art Basel Miami Beach “with a wait-and-see mentality,” he said Marc GlimmerCEO of one of the most important companies on the market, pace gallery. Local and global economic conditions are far from optimal and dark clouds are looming on the horizon. But the big art event in the south of the Floridaaround which a thriving art week has developed, left a positive balance for its protagonists at the end of its 20th edition on Saturday 3 December.
Although the major art houses weren’t sure “how the market barometer would move,” Glimcher told Art News, the art shop confirmed that there was “a solid presence of collectors who showed little sign of reluctance to purchase new work.”
The last auction season in new York left high numbers: this was expected to reduce the intensity of the event in the US Miami Beach Convention Center. However, dealers reported good sales with several seven-figure transactions. It is important to clarify that the galleries report their own sales, which makes the data difficult to confirm.
Despite the global crisis, collectors came to Art Basel Miami Beach without hesitation. (@nachomartinfilms) You may be interested in: Balance of Art Basel Miami Beach: a forecast for the art market in 2023
In addition to private collections, various American and European institutions and museums took art from the downtown fair Art Week in Miami.
Great actors like gagosicwho sold 50 of the works she brought to guests and VIPs in the opening hours of Art Basel, or as Hauser & Wirth, which according to The Art Newspaper grossed $18 by noon on opening day, did as expected. Some prices, such as B. $32 million for a Andy Warhol in Acquavella Galleriesor the $20 million from a Jasper Johns in David Zwirnerthey were not stimulating for collectors.
“Art Basel is a great buffet of artworks,” Tom Danziger, art transactions attorney, told Artnet News, “but compared to previous years, the works are less spicy, more digestible and more flavor-driven. It’s a penchant for pragmatism, according to Medium, which confirms that exhibitors’ expectations weren’t very high. Many preferred to stay away from large-scale works and not take too many risks.
In addition to private collections, Art Basel Miami Beach sold works to institutions and museums in the United States and Europe. (@nachomartinfilms)
The result was that there were no more bombs compared to previous editions Mark Rothko At $50M and generally above $5M, sales slowed but the market as a whole was active.
As every year, one question is repeated: What were the most expensive works? Here are some of Art Basel Miami Beach’s biggest sales of 2022.
7 million dollars
Within the first few hours of the show’s opening day, Pace racked up multiple sales in excess of $1 million. One of these concerned the 1998 painting Untitled #14 by the American artist Agnes Martin.
“Untitled #14”, a work by Agnes Martin, was one of the most requested at the 2022 edition of Art Basel Miami Beach.
7 million dollars
Of the $18 million this gallery raised in hours just after the fair opened, the star piece was a 1979 Philip Guston.
$3.8 million
Flowers, a work from the series that Warhol began in the summer of 1964 in a square format and without a fixed post for his exhibition at the gallery of Leo Castelli.
3 million dollars
$2.8 million
Apparently the works of established living artists were in high demand. Among them We Mourn Our Loss #2 with images of assassinated politicians in the 1960s, a work from 1997.
We Mourn Our Loss #2, a work by Kerry James Marshall that was sold by Gallery Jack Shainman, may interest you: Art Basel ended: Miami was at the forefront of the art industry
$2.5 million
One of the highlights at this booth was Conflagration, an abstraction by Mark Bradford.
$1.4 million
The London dealer sold a 2020 abstract oil painting, Emilio Turns Out the Lights, which depicts a nude figure hidden beneath black and white lines. It is part of a series inspired by Baselitz’s friendship with artist Emilio Vedova, who died in 2006, and was made for an exhibition in the Venice Biennale from 2022.
$1.3 million
$900,000
You Promised Me Love, a work by the British artist from 2022: a cloud of mauve and red strokes that hides the outline of a figure.
You Promised Me Love, a recent work by British artist Tracey Emin, sold by Xavier Hufkens Gallery.
$650,000
Part of the artist’s 2022 series of sculptural collages, Gloomy Maneuverers is painted a matte yellow and, despite being made of steel, appears to be manipulated like a canvas.
Hauser & Wirth
Artwork by Henry Taylor, $750,000
Xavier Hufkens
Artwork by Jeo Bradley, $450,000-$700,000
Work by Nicolas Party, from $450,000 to $500,000
Work by Sayre Gomez, $110,000
Mark Bradford’s Flaming Brandy raised $2.5 million and was sold by Hauser & Wirth.
White cube
Work by Theaster Gates, $550,000
Artwork by Liu Wei, $140,000
Lehmann maupin
Artwork by Nari Ward, $425,000
Artwork by McArthur Binion, $225,000
Work by Kader Attia $87,500
David Zwirner
Work by Oscar Murillo, $400,000
Artwork by Katherine Bernhardt, $250,000
Templon Gallery
Work by Kehinde Wiley, between USD 300,000 and USD 400,000
Robin Kid Artwork, $200,000
Artwork by Chiharu Shiota, $110,000
Gloomy Maneuverers, part of Carol Bove’s series of sculptural collages, has been sold by the David Zwirner Gallery.
Jessica Silverman Gallery
Artwork by Rose B. Simpson $200,000
Work by Pea White $80,000
Work by David Huffman $50,000
Nara Roesler
Work by Marco Castillo $110,000
Work by Elian Almeida $22,000
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