Strong sales seen at Art Basel Miami Beach

(Art Basel Miami Beach 2009 logo)

High-quality work was in high demand at this year's Art Basel Miami Beach.

Approximately 42,000 visitors attended the eighth edition of Art Basel Miami Beach that was held from December 3 to 6 at the Miami Beach Convention Center in the USA.

More than 250 galleries were represented at the major art event that included a program of special exhibitions, panel discussions, performances and satellite events.

Organizers reported steady sales throughout the week, with buyers showing a special interest in high-quality works.

David Zwirner, David Zwirner Gallery, New York commented, "This was a surprisingly strong show. The show certainly confirmed the trend that started at Art Basel in June. This art market is stabilizing and gaining momentum. During the last twelve months, most business was conducted with established collectors. Here in Miami, it was nice to see some altogether new faces. While most business took place below one million dollars, there were also trades above that figure."

site: www.artbaselmiamibeach.com