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Michigan Avenue - 2015 - Issue 7 - November - Duncan Keith

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The Thomas Duncan Gallery will exhibit Sean Paul's 2014 work SP003_5_ 65x35_2014 (far left) in the Positions sector at Art Basel in Miami Beach, while the Garth Greenan Gallery shows Rosalyn Drexler's 1965 painting The Winner in the Survey sector. Global Gallery Art AficionAdos Are geAring up for december's Art BAsel in MiAMi BeAch, An internAtionAl nexus for Artists And other creAtive minds. by matt stewart Since its launch in 2002, Art Basel in Miami Beach has become arguably the most prestigious and infuential art fair in the Americas. Last year's installment saw more than 70,000 inter- national visitors descend on Miami for the four-day event, and this year's edition promises to surpass that fgure, with 267 galleries from 31 countries exhibiting an estimated $3 billion worth of contemporary art from December 3 to 6. The spectacular growth of Art Basel in Miami Beach is directly related to the health of global fnancial markets over the last few years, which has encouraged more collectors to invest in fne art, particularly in contemporary emerging art- ists. The postwar and contemporary segments of the art market accounted for 48 percent of all sales by value last year, according to the European Fine Art Foundation, and with the US repre- senting nearly 39 percent of the market by value, Art Basel's American fair is at the epicenter of the international art world. "The Americas have been paramount to the global art mar- ket for a long time," says Noah Horowitz, recently appointed director Americas for Art Basel. "What we're seeing now is the proliferation of dynamic regional art scenes across the Americas. All of these places are developing culturally in such unique and interesting ways, fostering local talent, begetting new galleries, and nurturing emerging collectors—feeding cre- ativity and renewed energy into the larger ecosystem." Horowitz promises to bring vivacity to Art Basel in Miami Beach, something he proved quite adept at as director of New York's prestigious Armory Show. "I will oversee the Miami Beach show while also dedicating much of my time to engaging with the art scene and its key players across the Americas," he says. "I'll be working to further strengthen relationships with collectors, museums, and institutions across the region, while NOAH HOROWITZ Director Americas for Art Basel MARc SpIegleR Director of Art Basel continueD on pAge 74 photography Courtesy of thomas DunCan gallery (SP003_5_65x35_ 2014); Courtesy of garth greenan gallery (The Winner); © art Basel (spiegler, horowitz) 72  michiganavemag.com Culture Art Full

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