Art Basel Miami is always a grand event, but this year's fair jumped even more with numerous satellite fairs. Over 1500 galleries -- not to mention thousands of collectors and millions of dollars -- thronged the city to celebrate the most important art show in the world.
Our collectors agreed that good artworks were costly, as uncertain stock markets, slumping real estate, and global uncertainty make fine art collecting another variety of asset diversification, thus driving up prices.
You may not be able to find an affordable Miro or Picasso. But the parties are free, and champagne is still cheap!