Sean Kelly Gallery, Los Carpinteros, Kosmaj Toy (2012).

All images by A.M. Ekstrand for ArtObserved, on location at Art Basel Miami Beach Fair.

Art Basel returned once again in Miami Beach this past week for the 11th annual Art Basel Miami Beach Fair. Featuring over 300 galleries representing 36 countries around the world, the show has exhibited marked growth from last year’s event, with well over 2,000 artists flocking to exhibit at what has become the internationally-renowned closing party for the world art market each year.  It is of course always an irony that tens of thousands will fly down for the events and parties, with many of them never visiting the vast aggregation of what it said to be roughly $1.5 billion worth of art in one (large) room, a collection that few museums in the world could compete with.   Below is a selection of some of the works we thought to be notable from the fair.

Helly Nahmad Gallery, Mark Rothko No. 1 (1957) and Alexander Calder, installation view

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The artist Bharti Kher in front of A View of The Forest (2012). All photos on site for Art Observed by Aubrey Roemer.

Bharti Kher‘s The hot winds that blow from the West showcases five variant pieces and is on view now at the East 69th Street location of Hauser & Wirth. On site for the show’s opening, the artist was born and educated in Britain, but moved to New Delhi, India in the early 1990s. The exhibition’s titular work is a large sculpture of stacked radiators, imported to Kher’s Indian studio from the United States over a period of six years. Stripped of their initial purpose as heaters, the ribbed design is dually linear and unnerving; repetitive carcasses pack the political implication of now-cold American heaters and suggest a recalibrating globalization with decreasing need for Western influence. More literally, ‘the hot wind that blows from the west’ is a reference to a summer wind called The Loo in Punjab. The region of Punjab is home to the northern border of India and Pakistan, a region fraught with conflict following post-colonial divisions.

Bharti Kher, The hot winds that blow from the West (2011)

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Subodh Gupta, Untitled, 2011, oil on canvas. All images courtesy Hauser & Wirth.

Opening tonight at Hauser & Wirth New York is an ascetic new exhibition by Indian artist Subodh Gupta. The artist, who is often referred to as “The Damien Hirst of Delhi,” earned his nickname from a dazzling sculpture of a skull entitled Very Hungry God (2006). He is the leader of a group of Indian artists whom mega-curator Hans Ulrich Obrist frequently heralds as art world game-changers, and his works regularly fetch auction prices over 1 million USD.

In contrast to this glitzy reputation, “A glass of water” is shockingly subdued. The exhibition takes its name from a work in which a metal drinking cup rests atop a table, filled to the brim with fresh water. Its origin and constant replenishment remain a mystery. The tension created– that the cup may overflow at any moment, from a visitor’s step or breath– “serves up a rich metaphor for the almost unbearable tension between luxury and depletion, accumulation and deprivation, acquisition and exhaustion that are the daily diet of exploding international culture,” explains the exhibition statement.

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Sotheby’s Evening Contemporary Art Auction in Progress, via Sothebys.com

With the audience being described as “dazed” and “fatigued,” excitement was sparse at yesterday evening’s Contemporary Art auction at Sotheby’s in London. The sale realized a total of £41,091,800, well within the £32-52 million estimate (total realized includes buyer’s premium, estimates do not).  The sale had a sell-through rate of 83% by lot and 87.3% by value, while 45.4% of lots sold above their high estimates.

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Yves Klein, MG 42, 1960 (estimate £200,000-300,000, realized £481,250), via Sothebys.com

The headlining work, Yves Klein’s RE 49, sold for just over £6 million (estimate £4.5-6.5 million) after three minutes of bidding from four interested buyers.  The other Klein canvas for sale yesterday evening, MG 42, realized a price of £481,250, above its pre-sale estimate of £200,000-300,000. Though the works performed reasonably well, there is still concern that the market might be tiring of them. “There are too many Kleins and Fontanas in these auctions,” Dusseldorf-based art adviser Jorg-Michael Bertz said, in conversation with Bloomberg reporter Scott Reyburn. “We need a rest from them.”

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