Private Museums
Collectors including newsprint magnate Peter Brant, New York real-estate owner Aby Rosen and Instagram co-founder Kevin Systrom are expected to attend. Collectors with private museums in Miami are mounting special shows. The Rubell Family Collection, founded by Donald and Mera Rubell, will feature a group exhibit that includes Cecily Brown, Richard Prince and Basquiat.
Younger collectors are expected to descend on the city.
“We’re talking under 30 years old,” said Christine Berry of Berry Campbell gallery in New York. “Their money is across the board. It’s self made; it’s inherited; it’s finance. It’s a new generation of collectors.”
As a result of major investment in Miami’s high-end real estate market by South Americans, collectors from Venezuela, Mexico, Argentina and Colombia are expected to turn out in force.
Warhol Portrait
“We’ve seen a real strength in collectors from South and Central America who may not go to other fairs,” said Greg Lulay, a director of David Zwirner in New York.
Acquavella Galleries will offer a Warhol portrait of Mao Zedong for $15 million to $18 million and a sculpture by David Smith for $7 million to $8 million, among works from other artists.
Hauser & Wirth, with locations in New York, London and Zurich, is selling works by four artists, including a $3.5 million, 10,800-pound glass sculpture by 59-year-old New York- based Roni Horn, the largest she’s ever produced. David Hockney’s landscape drawings created on an iPad are priced at $28,000 at Pace gallery.
At the center of New York-based Marianne Boesky’s booth is a $600,000 carbon fiber and stainless steel sculpture from 2007 by Frank Stella. Mnuchin Gallery from New York also has Stella - - a 1978 colorful dyptych for $2.8 million. Regen Projects of Los Angeles is selling works by artists including Doug Aitken, Walead Beshty and Liz Larner for $10,000 to $400,000.