Plenty of other European galleries found takers for works despite fewer buyers from their regional networks. König Galerie
, which has outposts in Berlin and London, sold ’s
ready-for-Instagram mirror sculpture Parallel Sine Curve
(2018) for €210,000 ($238,130). Mai 36 Galerie
, which is located in Zurich, sold a
(1981), and ’s Scissors
(2015), each for just under $500,000. Almine Rech Gallery
, which has spaces in Brussels, Paris, London, and New York, sold ’s Eurydike
(2017) in the range of $250,000 to $300,000 and ’s Cosmic Bather
(2017) in the range of $150,000 to $200,000. And Lisson
, which has galleries in London and New York, sold two works by
for £750,000 ($954,590) each.
Galleries from Latin America were able to seize upon what’s essentially a hometown advantage in Miami; the city serves as a gateway to Latin America, and many successful businesspeople from both North and South America keep second homes here. Even though the Latin American art market is significantly smaller than the market in America, Asia, or Europe—the region has just 5% of the world’s top collectors, and when combined with Africa, 4% of the global art trade, according to Clare McAndrew’s annual report for Art Basel and UBS—cultivating collectors from the region remains a key element of Art Basel’s strategy, said Noah Horowitz, who serves as the fair’s director of the Americas and is responsible for its galleries and collectors across both continents.