A Little Basquiat Makes a Big Price in the Hinterlands: Antiques and Arts Weekly reports, “On Saturday, December 2, EstateOfMind Auctioneer sold a small, untitled gouache painting (Red King), signed Basquiat (Jean-Michel Basquiat, 1960-1988) for $336,000, with buyer’s premium. Estimated at $100/200,000 the 15 by 11 ¾ inch painting opened online at $54,000″ …

Nine Dragons and a Zao Wou-ki: China’s Global Times reports that Council’s Fall auctions include a Shoushan Tianhuang stone seal made by contemporary artists Guo Xiangren that sold for $16.4m and a Zao Wou-ki work 11.06.93  that made $2.78m as part of a two-day event totaling around $240m. …

A List of Art Basel Parties You Don’t Want to Go To: The rain isn’t expected to arrive in Miami until Friday which might save some of the outdoor events scheduled for the next few nights. But this list of parties featured on Page Six are sure to be ones to avoid come rain or shine: Jaden Smith? Paris Hilton? …

Ready-made Art; Ready-made Miami Real Estate: The Oceana in Bal Harbor was one of the first buildings to make use of outdoor sculpture as a real estate marketing tool. The appeal was multi-pronged. The Jeff Koons sculptures were meant to be a valuable commonly owned asset as well as a signal to potential buyers of the development’s international appeal. Now the building has turn-key apartments for sale. “Ideal for those who don’t want to worry about the hassle of furnishing a space,” while “adhering to a design brief that called for a contemporary yet comfortable look.”