red light specials /// art miami

...It’s Kmart special time at Art Basel Miami and its satellite fairs. With collectors being “outright ruthless” in their negotiating, complains one dealer sourly, and sellers in a mood to comply, it’s all about markdowns and modest expectations. Art worlders who believe “Go big or go home” didn’t come this year...At many booths, $30,000 seems to be a magic number, as if all the art dealers in the world had met secretly at Sant Ambroeus to decide that would be the starting price point of the year for wealthy collectors... And Miami pioneer art dealer Diana Lowenstein, who opened twenty years ago, this year is offering three exhibitions, one featuring all artworks priced at $999 — her gallery was packed.

Alexandra Peers/Vulture