Art Basel 2011 Attracts Strong Sales

By Paul Joseph

The 10th edition of Art Basel Miami Beach, North America’s largest and most prestigious arts fair, came to an end yesterday, with many galleries reporting strong sales.

The four-day event, which drew 260 leading galleries from 30 countries, was attended by renowned collectors from across the world as well as a new generation of art enthusiasts and aficionados.

Speaking about this year’s fair, Iwan Wirth, President of the Hauser & Wirth gallery, said: “We are thrilled with the response and the continued confidence in investing at a museum quality level and moreover sculpture at a large scale.

“With strong sales to international collections from China, Europe, Mexico, Canada and the US, we further learned the global impact of our artists. We were impressed by a new seriousness in Miami, as collectors were committed and focused on acquiring major challenging works by artists in depth.”

Lucy Mitchell-Innes, Director of the Mitchell-Innes & Nash gallery, added: “At this year's Art Basel Miami Beach we saw a whole new generation of thirty-something collectors, seriously interested in looking and learning – and now buying as well, with many more women collectors making their own independent collecting decisions.”

Art Basel runs parallel to another major arts fair in Miami – Design Miami, which showcases interior decoration and decorative arts from around the world.

By Paul Joseph