Art Basel Miami Beach 2025 kicked off strong, with the first preview day showcasing several seven-figure deals amid a surge of market optimism. Leading the day’s sales was David Zwirner’s sale of a Gerhard Richter abstract for $5.5 million, part of a broader trend of high-value transactions fueling confidence after recent record-breaking New York auctions.
Gallery highlights include Hauser & Wirth’s $4 million George Condo masterpiece, Louise Bourgeois’s $3.2 million sculptures, and works by Alice Neel, Josef Albers, Damien Hirst, Pablo Picasso, and Rashid Johnson, with many sales breaking the million-dollar mark. The positive market sentiment and impressive early sales set a promising tone for the remainder of Miami Art Week.