Art Basel Miami Beach’s Early Hours See Major Art Sales – ARTnews.com

The art industry has once again descended on Miami for a week of “parties, paintings and pills” at Art Basel Miami Beach, with several galleries already reporting sales of works in excess of $1 million.

This year’s edition of the ABMB takes place after an “honest and sober” evening auction season, but any concerns about international conflict or economic recession were quickly allayed during the preview days.

“Stand sales were strong from the opening hours of the fair, signaling an optimistic turnaround in this year’s sleepier market and economy,” Lehmann Maupin partner Fionna Flaherty said in a press statement. (Sales are self-reported by galleries, making data difficult to confirm.)

Dealers reported a strong presence from collectors, curators and museum groups from Aspen to Paris to Hong Kong, as well as sales of works valued at $20 million.

Below, take a look at seven works that galleries said sold during the opening of Art Basel Miami Beach, as well as a major work that could break an artist’s sales record.

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