Art Basel Miami – Buying Art As A Lifestyle

“If spending millions of dollars on art was something done in private a few years ago, conspicuous consumption is back. At this spinoff of the highly successful 35-year-old fair in Basel, Switzerland, young, hip hedge-fund managers, Fortune 500 executives and A-list actors are shopping side by side in a spree fueled by new wealth, a hot art market and the headlong pursuit of membership in a glamorous, elite club.”