Munich-based Galerie Terminus sold Tony Cragg’s “Mental Landscape” for $500,000.
Art Miami, the city’s longest running contemporary art fair and anchor fair to the City of Miami, announced a new record attendance of 55,000 and significant sales of blue-chip artists at the close of the five-day fair. Many galleries also reported strong leads from high-profile collectors, museum professionals and curators that will continue to foster sales in the days and weeks following Art Miami. Distinguished for its quality, depth and diversity, the 22nd edition of Art Miami presented an incredible showcase of extraordinary modern and contemporary art from 110 international art galleries.
Art Miami was held from November 29 – December 4, 2011 in a state-of-the-art 125,000 square foot pavilion in Midtown Miami’s burgeoning Wynwood Arts District. Now in its 22nd edition, Art Miami includes modern and contemporary paintings, drawings, sculpture, photography and prints from Europe, Asia, Latin America, India, the Middle East and the United States. Art Miami has grown to include over 110 galleries from 18 countries, with a showcase of 1,000 artists from 60 countries around the world. From the United States, 400 artists are on display from nearly 100 cities.
“The year’s fair has exceeded all of our expectations, from the vast array of high-quality works and extraordinary galleries to a record number of important sales,” said Nick Korniloff, Director of Art Miami. “The high volume of transactions and record attendance at Art Miami are also strong indicators that the art market is thriving. We anticipate millions of dollars in sales will be finalized in the coming weeks as a result of the strong interest and serious collectors at Art Miami this year. We look forward to hearing continued updates from our exhibitors.”
Hollis Taggart, owner of Hollis Taggart Galleries, stated, “This show has been well attended and has had a very strong energy throughout. Sales have been strong and the contacts made this year exceed any previous show. Many people commented that the Art Miami show is ‘user friendly and more open and spread out than the Art Basel, Miami fair – you can actually buy things here.’ Well-organized and managed by Nick Korniloff, the Art Miami show has grown and evolved into one of the truly elite art fairs in America.”
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