Art Basel Miami Beach returned for its 23rd edition on December 3, 2025, with VIP previews at the Miami Beach Convention Center. The fair features 283 galleries from 43 countries, alongside nearly 20 satellite fairs including NADA and Untitled Art. Notable sales include a $5.5 million Gerhard Richter painting at David Zwirner and a $15 million Frida Kahlo miniature self-portrait at Weinstein Gallery. Director Bridget Finn expressed optimism about the fair's energy and its role in connecting contemporary art with music, fashion, and film.
The fair is widely considered a bellwether for the art market, especially following New York auctions that saw over $2 billion in sales. Despite 14 galleries withdrawing, 17 returned after a hiatus, and early seven-figure transactions suggest a positive market outlook. The Kahlo self-portrait, priced at $15 million, underscores the growing market for women artists, as Kahlo recently became the most expensive woman artist at auction.