Art Basel Miami Beach: Tremors of the Post-Election Market

Ding Shilun
Judith Benhamou, December 3, 2024
 
The situation is this: Miami, the famous Floridian resort city synonymous with frivolity, has become, against all odds, the epicenter of a very serious American art market. This phenomenon occurs annually during the first week of December thanks to Art Basel Miami Beach (ABMB). For its 22nd edition, the fair is playing host to 286 galleries. This qualifies it as the foremost fair across the Atlantic, not only in size but also in quality.
 

Top buyers

Given that Americans are the world’s top buyers of Modern and Contemporary art—and despite a decline in European and Asian attendance—the event serves as a reliable barometer of the art market.
 
 

Mar-a-Lago

This year, however, the fair’s location carries additional weight, given that Miami lies just over 100 kilometers from Mar-a-Lago, the private residence of the next President of the United States, Donald Trump. We also know Florida as a state with staunch Republican leanings.

 

Ella Fontanals-Cisneros

According to Ella Fontanals-Cisneros, a prominent Cuban American collector and Miami art scene figure, Trump’s path to the White House was made possible in part by his popularity among Latino voters. Conversely, it’s widely known that contemporary American artists with a say in the matter are overwhelmingly anti-Trump, often using their work to assert support, contra Trump, for causes like minority rights, immigration and feminism.

 

Craig Robins

Yet, Miami’s art ecosystem, assembling numerous Latin American collectors as well as artists who’ve traveled specially for the fair, has once again managed to broker a truce. So confirms the real estate developer, founder of Miami’s Design District, and art collector Craig Robins: “Miami is a city of culture, and art has the power to bring people together. Political art has less impact.”

 

ICA Miami

It’s true that local collectors and institutions have made concerted efforts to position Miami Art Week as an international event. The Institute of Contemporary Art (ICA) Miami, for instance, has become a key incubator for emerging talent. This year, it’s showcasing the phantasmagorical and precise figurative paintings of London-based Chinese artist Ding Shilun (born 1998), surely the year’s breakout talent of this beach city. 

 

....