Art Market Monitor

The New York Times send photographer Michael F. McElroy to cover the fair. Here’s some of what he saw. And here’s what Karen Rosenberg had to say:

The art, however, is big — much of it sized for museums, foundations and private warehouses. And the larger scene surrounding the event, which is now in its eighth year, remains daunting, with upwards of 15 satellite fairs and the usual calendar of dinners, parties, concerts and talks. From the evidence here, the art fair, as a species, is not endangered: collectors are too attached to its convenience and competitive vibe. [...]

Blue-chip art by Americans is everywhere, from vintage work by Joan Mitchell at Cheim & Read and by James Rosenquist at Acquavella to Alex Katz’s new, eye-popping portraits on cheery yellow and orange grounds, which are at Pace and Jablonka. (The presence of so much high-quality work by sought-after artists may have had something to do with the thriving secondary market fed by collectors in need of quick cash.)

Miami Fair: Big Pieces, Smaller Prices and Relief (New York Times)

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