Sunday, December 5, 2010

More Proof that the Rich Are Spending

 "Putting to rest any doubts that Art Basel Miami Beach had rebounded from recessionary doldrums, on Saturday afternoon the fair's entrance was briefly shuttered by fire marshals after the convention center reached its 10,000-person capacity..

New York dealer Zach Feuer said his major works, priced between $10,000 and $135,000, including two Nathalie Djurberg videos which sold for €19,000 apiece, were more popular than the more modestly priced drawings ($800-$2,500) hanging in his booth. "People don't want the little drawings—they want the big things," Mr. Feuer said. "It was a big hit.""


http://online.wsj.com/article/SB10001424052748703814404576001722879460428.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsForth

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