Art Fairing in a new economy, Chicago blows through the 2008 Miami art fairs
Overall murmurs of low attendance aside, Art Basel Miami Beach reported more registered collectors and cultural institutions than any previous year. The Miami Herald said that almost half of the galleries at Art Basel saw drops in sales, however, and after just two days into the fair, only sixteen percent of galleries at Basel and the satellite fairs saw sales growth. There are fewer visitors roaming the fairs than in years past, but the art world won’t give up.
Of the three Chicago galleries at Art Basel Miami Beach—blue-chippers Richard Gray, Donald Young and Valerie Carberry—I noticed a sprinkling of red dots covering David Hockneys at Richard Gray. During an unstable time, art buyers will invest in artists whose names they already know and trust. Kavi Gupta Gallery led the way at the younger, more casual, Chicago gallery-populated NADA Art Fair, even positioning Tony Tassett’s “Snowman” (2008) by the coveted fair entrance. Within the first hour of the fair, that piece sold for $70,000, which “shocked” Gupta according to reports from Artinfo.com. Red dots covered works by Melanie Schiff—a 2008 Whitney Biennial participant—including her “Untitled” (2008), an exquisite play with light, shadow and circular lens-like mirrors and symbols that are curiously shaped like Schiff’s nipples, recognizable in her other works.
Read the full story on Newcity Newspaper: http://art.newcity.com/2008/12/09/eye-exam-chicago-in-miami/
