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at miami basel dealers notch seven figure sales digital art draws crowds 2723568

Art Basel Miami Beach opened its VIP preview on Wednesday with strong early sales, including multiple seven-figure deals. Major galleries like Hauser & Wirth, White Cube, Gladstone, and Pace reported significant sales, with a $3.9 million George Condo painting leading the pack. The fair introduced a new digital-art section called Zero 10, featuring works by Beeple, which drew large crowds. Collectors such as Craig Robins, Mera and Don Rubell, Norman Braman, and Beth Rudin DeWoody were among the early attendees, and the event featured high-profile works by Jeff Koons and Maurizio Cattelan.

The Venice Biennale’s Polite Fiction of Being ‘Above the Market’ Is Wearing Thin

The 61st Venice Biennale is underway, with art world figures flocking to Venice for the opening. While the Biennale is officially a non-selling curatorial platform, commercial interests are increasingly visible: galleries are funding artists' projects to recoup investments, auction houses like Christie's are hosting private selling exhibitions (including a 'Ghost Pavilion' at the Ca' Dario Palazzo), and fashion houses such as Bottega Veneta and Chanel are sponsoring events. Sotheby's has pulled support for the U.S. Pavilion, which is now crowdfunding, while Frieze is bankrolling the British Pavilion for a second time.

Terrence Sanders-Smith opens art gallery and plans a Miami Basel-style art fest in New Orleans

Terrence Sanders-Smith, a former gallery owner who recently returned to New Orleans, has opened Smith Contemporary at 440 Julia Street in the city's historic Gallery Row. The gallery is one of the few Black-owned galleries in the area's history. Sanders-Smith plans to sell work by racially diverse artists and is organizing a new national art fair, modeled after Miami Basel, to launch as soon as spring 2026. The article also features commentary from former gallery owner Myesha Francis on the importance of Black-owned spaces for artists and audiences of color.

adam lindemann too much art column 2743340

Adam Lindemann draws a parallel between the oversupply of wine and the current state of the art market, noting that too many galleries and artists are producing work while demand from collectors is slowing. He cites the glut of art fairs, particularly the 840 galleries exhibiting during Miami Basel week in December 2025, and quotes advisor Allan Schwartzman describing the market as "tired." Lindemann observes that even mega-trophies like Leonardo's *Salvator Mundi* are rare exceptions, and that museums are becoming more selective in accepting donations.

New dealer-run fair aims to fill gap left by Design Miami

A group of 11 mostly French galleries, led by Charlotte Ketabi-Lebard of Parisian gallery Ketabi Bourdet, have launched Maze Design Basel, a new dealer-run design fair to fill the gap left by the cancellation of Design Miami Basel. The fair is held in the 19th-century Elisabethenkirche church next to Basel's Kunsthalle, with stands arranged throughout the nave, mezzanines, chancel, pulpit, and clerestory. The vernissage on June 16 was playful and relaxed, with sales reported by all exhibitors and about 1,000 guests attending the preview.