art-basel_2008Miami once again hosts one of the most important events in the art world: Art Basel, the largest exhibition of contemporary works in the United States, which this year presents its immense offer under the uncertainties sown by the economic crisis.
Like other activities, art has not escaped the current economic crisis. The seventh edition of Art Basel in Miami Beach arrives with 250 important galleries from the United States, Europe, Latin America and Asia that will show works by more than 2000 artists: emerging artists with accessible prices and great masters who in 2007 sold works well over a million dollars.
Established artists such as Joan Miró, Pablo Picasso, Amedeo Modigliani, Diego Rivera, Frida Khalo, Joaquín Torres-García, Fernando Botero, Andy Warhol and others arrive with gallerists who also exhibit the new generation of authors and new trends in the Art Nova and Art Supernova spaces.
Some 40,000 people are expected to visit the exhibition, which features art representatives from 33 countries who will display their works in a variety of ways in different parts of the city, according to the organisers.
"This is not only a time of great crisis, it is also a time for opportunities and good prices," says Miami-based collector Norman Braman.
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The galleries hope that despite the global financial meltdown and the recession in the United States and several European countries, many investors will visit the fair in search of good deals, knowing in advance that the price ceiling for works must necessarily fall in relation to that of recent years.
Manuel Borja-Villel, director of Spain's Reina Sofía Museum, is less optimistic and believes that the world of culture is having an impact that few want to see in light of the current economic climate.
Source:Pablo Gámez

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