Art aficionados are gearing up for next month's Art Basel in Miami Beach, an international nexus for artists and other creative minds.
The Garth Greenan Gallery shows Rosalyn Drexler’s 1965 painting The Winner in the Survey sector.
Since being launched in 2002, Art Basel in Miami Beach has become arguably the most prestigious and influential art fair in the Americas. More than 70,000 international visitors descended on Miami for last year’s four-day event, and this year’s edition promises to surpass that figure, with 267 galleries from 31 countries exhibiting an estimated $3 billion worth of contemporary art from December 3 to 6.
The spectacular growth of Art Basel in Miami Beach is directly related to the health of global financial markets over the last few years, which has encouraged more collectors to invest in fine art, particularly in contemporary emerging artists. The postwar and contemporary segments of the art market accounted for 48 percent of all sales by value last year, according to the European Fine Art Foundation, and with the US representing nearly 39 percent of the market by value, Art Basel’s American fair is at the epicenter of the international art world.
“The Americas have been paramount to the global art market for a long time,” says Noah Horowitz, recently appointed director Americas for Art Basel. “What we’re seeing now is the proliferation of dynamic regional art scenes across the Americas. All of these places are developing culturally in such unique and interesting ways, fostering local talent, begetting new galleries, and nurturing emerging collectors — feeding creativity and renewed energy into the larger ecosystem.”
Horowitz promises to bring vivacity to Art Basel in Miami Beach, something he proved quite adept at as director of New York’s prestigious Armory Show. “I will oversee the Miami Beach show while also dedicating much of my time to engaging with the art scene and its key players across the Americas,” he says. “I’ll be working to further strengthen relationships with collectors, museums, and institutions across the region, while also creating new opportunities for galleries and their artists, not only in Miami Beach but also throughout Art Basel’s global activities.”