If auction house sales can gauge the fortune of art fairs, the newbie Art Wynwood, this Thursday through Monday, seems poised to reap a windfall.
Bigwig auctioneers like Christie’s and Sotheby's saw the hammer drop on stellar sales last year and are optimistic the recent bull market for blue-chip contemporary artwork will continue soaring in upcoming auctions this weekend.
That's why the owners of Art Miami have their fingers crossed that their current venture, corralling more than 50 galleries from across the globe, can sustain a high level of sales performance and help establish the local scene as a viable, year-round marketplace for collectors.
That's no easy task, but Art Wynwood seems to be on the right track. Organizers are showcasing top-drawer programs from London, New York, Amsterdam, Mexico City, Caracas, and Paris, alongside Wynwood stalwarts Pan American Art Projects and the Bernice Steinbaum Gallery. On view will be artworks ranging from painting, sculpture, photography, video, and installation, complemented by Tony Goldman's "The Flying Murals of Wynwood," housed in the VIP lounge section. Organizers say you can expect edgier stuff on display than at Art Miami, while celebrating that this town has begun to resonate with international art collectors beyond the five days of Basel.
It might also be your last chance to visit the sparkling 100,000-square-foot white-tent pavilion that's home to Art Wynwood and Art Miami before a Walmart megastore spoils the scenery and invites unwelcome comparisons of investing in art at a big-box retailer.
Feb. 16-20, 11 a.m.-7 p.m., 2012