“Miami is in their own backyard,” said Michael Plummer, principal of ArtVest Partners LLC, a New York investment advisory firm for art collectors. “I have a good friend who lives in Rio (de Janeiro) who makes a point of coming to the fair in Miami, but he would never go to the one in Switzerland, it’s a different mindset.”
“This scene has grown in terms of glamour, prestige and notoriety,” says Michael Plummer, the co-founder of Artvest Partners, who says that the fair and the surrounding events are a major weapon in the dealers’ arsenal. The US art calendar was previously dominated by the New York auction scene, and Miami has helped to correct the balance.
This year’s 4th edition of the Hong Kong International Art Fair (ART HK) has solidified its position as the most important annual Asian art fair. Leading galleries from all over the world exhibited, primarily those specializing in Contemporary Art (Gagosian, White Cube, James Cohan, Pearl Lam Galleries) but also some known for Modern Art (Acquavella), […]
Going into the fair, which preceded the London auctions, there was a large degree of optimism. The headline results at the Impressionist & Modern and Post-War & Contemporary auctions in New York played a large part in this positive outlook. Having set a new world record at Christie’s on May 4th for Picasso’s 1932 Nude, […]
On average, early 20th Century sculpture has significantly outperformed market benchmarks. In the May 2010 Impressionist & Modern evening auctions, 43% of the sculptures achieved hammer prices above their high estimates. Sculptures by Rodin, Noguchi, Bugatti and Giacometti yielded the auctions’ five highest measurable rates of price growth. While some lots of Modern sculpture failed […]