Art Basel Miami Beach VIP Preview Entrance, all photos on site for Art Observed by Erica Schwartzberg

On Wednesday, December 5th, 2012, Art Basel Miami Beach hosted its 11th annual VIP Preview at the Miami Beach Convention Center. Organizers claim Art Basel Miami has surpassed its Swiss sister Art Basel in size and popularity, though it has yet to surpass attendance figures (62,500 people in 2010). This year, 680 galleries competed to show at Art Basel Miami and 257 were selected. More than 2,000 artists are represented and attendance is expected to top last year’s 55,000 figure. Though definitive sales reports are difficult to pin down (Art Basel Miami never releases official records), $2.5 billion worth of art was on offer in 2011, and several galleries reported record sales. VIP guests include business magnates Steve Wynn, who purchased a Roy Lichtenstein, and Eli Broad, who purchased a Jeff Koons sculpture. Newsprint mogul Peter Brant gave Owen Wilson a tour, and Will Ferrell ceded the stage to his wife Viveca, who sits on the board of the Los Angeles County Museum. Also spotted: Sean “Puffy” Combs purchasing an Ivan Navarro sculpture, Diane von Furstenberg, comedian/actress Chelsea Handler, and music mogul Russell Simmons. The following is a photoset from the 2012 Art Basel Miami Beach VIP Preview.

Jesús Rafael Soto, Cubo de Roma, Galeria Elvira Gonzalez

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Alexej von Jawlensky, Frau mit Grunem Facher, 1912 (est. $8-12 million, realized $11.3 million). All images via Sothebys.com.

Tuesday night’s auction of Impressionist and Modern art at Sotheby’s New York, which carried presale estimates of $158.9-229.7 million, realized $170.5 million for forty-four of fifty-nine lots sold. The sale had a sell through rate of 74.6% by lot and 84.8% by volume. In reflecting on the evening at the press conference, Simon Shaw, head of the Impressionist and Modern department at Sotheby’s New York, noted that while bidding was “not euphoric,” there was still solid bidding both in the room and on the telephone. The sale’s top lot – Picasso‘s 1934 portrait of his muse Marie-Thérèse Walter – did not reach its low estimate when it sold for $21.4 million (allegedly to an Asian buyer), and several other top lots were bought in. Still, the evening saw spirited bidding for a few works, and several artist records were set.

Paul Gauguin, Jeune Tahitienne, c. 1893 (est. $10-15 million, realized $11.3 million)

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Installation View  All photographs are via Gagosian Gallery unless otherwise noted

Currently on view at Gagosian Gallery, 6-24 Britannia street, London is the exhibition titled “Crash, Homage to J.G. Ballard” , a group show dedicated, as the name suggests, to the oeuvre of J.D. Ballard, a prominent British novelist and short-story writer, a representative of the New Wave movement in science fiction.  The exhibition was put together to pay tribute to the enormous cultural influence of J.D. Ballard’s fiction on many visual artists. The impressive selection of works by  such prominent artists as Ed Ruscha, Richard Hamilton, AndyWarhol and Helmut Newton illustrates profound engagement of the writer with the works of visual artists of his generation and their mutual influence.

More images and related links after the jump….
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