With over $3 billion worth of art on display and an estimated 50,000 visitors flying to Miami for the fair, this was Art Basel’s most successful year yet.
Developers and brokers capitalized on the influx of wealthy art collectors and tourists, using the opportunity to sell new and existing residential developments.
Parties and glitz aside, the quality of art at Art Basel was top-notch. With the opening of Perez Art Museum Miami, some of it is here to stay.
At Art Basel, multi-millionaires bought not only paintings but luxury properties to hang them in.