Untitled Art Miami Beach and NADA kicked off the Miami Art Week in a cautious market that rewards ambition. Sales reports show mixed results, with some galleries excelling while others struggle to sell their works.
Market Conditions
The art market is cautious, with collectors reserving their wallets for pieces that truly stand out.
Sales Reports
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Rajiv Menon Contemporary: Made a strong debut with “I-POP,” featuring rising Indian artists Tarini Sethi and Viraj Khanna.
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Reported multiple sales on the first day, with works priced between $5,000 and $8,500.
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SARAI Gallery: Sold works by Ayda Roozbayani for under $4,000.
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Fabienne Levy: Turned its booth into a live artist’s studio, showcasing French artist Ben Arpea’s creative process in real time.
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Studio Lenca: Reported multiple sales of their works presented by Carl Freedman Gallery, with prices ranging from $3,000 to $27,500.
Standout Galleries
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Yiwei Gallery: Reported a strong start, with early sales of intricate paintings by Korean artist Kay Seohyung Lee in the $6,500-$9,000 range.
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Showcased symbolic works on paper by Chinese artist Dai Ying and tapestries by visual and performance artist Vita Kari.
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BHAK Gallery: Debuted the work of established Korean artist Bo Kim at a U.S. fair for the first time.
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COHJU Gallery: Had a successful showing, selling multiple pieces by artists Takuya Otsuki, Shu Okamoto, and Shinya Azuma.
Notable Sales
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Fridman Gallery: Sold mixed-media canvases by Azuki Furuya in the $20,000-$24,000 range.
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Kates-Ferri Projects: Presented works by Adelisa Selimbasic.
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Margot Samel’s booth: Sold eleven of Cathleen Clarke’s paintings priced between $9,000 and $20,000.
Market Trends
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The ongoing market correction is reflected in the activity at these December art fairs, with collectors becoming more selective.
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Many buyers remark on the challenge of staying excited when so many booths look similar.
Recap of Sales and Highlights from the Fair
The 2024 edition of Untitled Art Miami Beach drew 176 exhibitors for its largest edition to date. The fair saw a mix of sales, with some galleries reporting strong results while others struggled.
