So much for a sober ABMB this year. The Wall Street Journal‘s Candace Jackson reports that the parties are back on as long as they’re not being sponsored by the corporate folk:

Late Wednesday night, singer Santigold, in a sparkly top and silver pants, performed underneath al fresco chandeliers at the Raleigh Hotel in South Beach at a bash thrown by New York art dealer Jeffrey Deitch. Throngs of partiers sat at VIP tables or stood in the sand underneath palm trees, holding their stiletto heels and sweating in the late-night humidity while sipping pink Campari cocktails. “There’s no compromise,” said Mr. Deitch of his annual Art Basel fetes, which always feature an up-and-coming musical act. “We go all the way with parties.” […]

Basel regulars said that smaller, more intimate dinners and cocktail parties were more prevalent this year. Heiress and designer Nadja Swarovski hosted a dinner and after-party at the W South Beach. Collectors Aby Rosen and Peter Brant also hosted a dinner there, with an after-party thrown by 23-year-old art dealer Vito Schnabel, son of artist and filmmaker Julian Schnabel. Friday night at the W: the Sex Pistols.

The most conservative hosts this year may be Art Basel’s corporate sponsors, which include UBS, NetJets and Cartier. For the past couple of fairs, Cartier constructed a freestanding geodesic dome for VIPs across from the Convention Center. This year, the luxury jeweler hosted a dinner and a cocktail party, but built their lounge inside the Convention Center, with a large gold and bejeweled column designed by architect Alessandro Mendini. UBS also has a lounge for VIPs at the fair but says it’s cut back on parties this year. NetJets isn’t having a big bash, either.

The Party Returns (Wall Street Journal)