The Black Art Of Art Sales Projections

By most accounts, this year’s Basel Miami Art Fair was a bifg success. “By the time the fair closed on Dec. 10, three top sellers estimated that sales totaled between $200 million and $400 million, and dealers of both young and established artists reported turnover as strong or even stronger than that of a year ago. But CultureGrrl is skeptical: “What exactly does this mean? Apparently, three anonymous wheeler-dealers, out of the 200 gallerists with booths at the fair, tallied up their own totals, consulted the gossip grapevine, and came up with separate guesstimates of what the other 197 dealers had done.”