Art Basel Miami Beach 2023 Recap

As we bid farewell to 2023, Art Basel Miami Beach 2023 served as a spectacular culmination of a vibrant year in art. North America’s largest art fair drew a staggering 79,000 visitors, encapsulating the year’s trends and transformations in the art world. Exhibitors unanimously reported a renewed enthusiasm among attendees, with collectors returning in force and an electrifying energy infusing this year’s edition.

Image courtesy of Art Basel

Director Vincenzo de Bellis described the atmosphere as “palpable” in Miami Beach, where 277 galleries showcased remarkable works. The fair witnessed numerous seven-digit sales, demonstrating its continued significance in the art market. Notable successes included Miami-based Spinello Projects, which sold out its solo booth of Esaí Alfredo paintings within the first hour and a half of VIP day, including one acquisition by the ICA Miami. Additionally, there were substantial museum acquisitions, such as ICA Miami’s purchase of a painting by Alicia Adamerovich from Michael Kohn Gallery and Hales Gallery selling a work by Jordan Ann Craig to a prominent U.S. museum.

Lynda Benglis, Mendes Wood DM. Image courtesy of Art Basel

TOP SALES from the top 5 Galleries

Hauser & Wirth logged the most expensive sale reported from the fair:

  • Philip Guston’s Painter at Night (1979) for $20 million.
  • George Condo’s Smiling Aristocrat (2023) for $2.35 million.
  • Henry Taylor’s MADE IN MEXICO (2016) for $1 million.

Almine Rech’s notable sales included the following:

  • Tom Wesselmann’s Upside Down Blue Nude (2001) for $1.25 million–$1.35 million.
  • Javier Calleja’s Boop-Oop-a-doop (2023) for €390,000–€430,000 ($419,000–$462,000).
  • Tomokazu Matsuyama’s Cost Of The Cold Ceilings (2023) for $250,000–$290,000.

David Zwirner’s notable sales included the following:

  • Marlene Dumas’s The Schoolboys (1986–87) for $9 million.
  • Three Robert Ryman paintings from 1961–64 for prices in the range of $2 million–$3 million.
  • A 1970 painting from Alice Neel for $2 million.

Top reported sales at Thaddaeus Ropac included the following:

  • Robert Rauschenberg’s Copperhead-Bite IX / ROCI CHILE (1985) for $1.7 million.
  • Georg Baselitz’s Alles fällt vom Tisch (2020) for €1.5 million ($1.62 million) and Grüße aus Dinard (2023) for €1.2 million ($1.3 million).
  • Tony Cragg’s Points of View (2019) for €900,000 ($967,000).

White Cube’s top sales included the following:

  • Park Seo-Bo’s Ecriture No. 191-75 (1975) for $1.5 million.
  • Richard Hunt’s Years of Pilgrimage (1999) for $1.2 million.
  • Tracey Emin’s You Let Me Fall (2022) for £600,000 ($752,000).

Art Basel Miami Beach 2023 not only marked the end of a year filled with uncertainty but also infused optimism into the art world. Strong sales from the fair’s opening hours signaled a positive shift in this year’s market and economy. Private buyers and institutions engaged in transactions, hinting at a promising year ahead.

As we reflect on Art Basel Miami Beach 2023, it becomes evident that art continues to thrive, bringing hope and vibrancy to the art market. If you’re interested in getting involved in art investment, please contact us.

Read more at Artnet