The Powers That Be: Daily

Inside Art Basel & Sotheby’s Latest Shakeup

Dec 5, 2024
Marion Maneker, author of 'Wallpower' and art world expert, provides an insider's perspective on Art Basel in Miami. He highlights the event's cultural significance and vibrant social scene. The conversation also covers the buzz around potential layoffs at Sotheby's, as owner Patrick Drahi seeks to streamline operations amid financial struggles. Maneker discusses how Sotheby's utilizes its luxury brand in real estate and explores strategic shifts affecting the auction market.
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ANECDOTE

Art Basel Miami Parties

  • Art Basel Miami is about more than just art sales; parties are a major draw.
  • The White Cube party's cancellation disrupted many attendees' plans.
INSIGHT

Art Basel's Social Calendar

  • Art Basel Miami's party scene is tied to the art sales calendar, peaking before the main buying season.
  • Dealers use this time to connect with American collectors in a relaxed, social setting.
ANECDOTE

Navigating Art Basel Miami

  • Attending Art Basel Miami can feel like a constant search for the best party, similar to New Year's Eve.
  • Miami's traffic makes navigating between events challenging, requiring strategic carpooling.
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