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Dear
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2010 was a year full of highs in the art world including stellar museum shows by Marina Abramovic, Tino Seghal, and Doug and Mike Starn and record auction sales. It is quite ironic that an increased interest in non-commercial art coincided with Christie's and Sotheby's increased revenues. Reports stated they made $5 billion each this year. Turkish banker, Halit Cingillioğlu, sold his 1917 Modigliani, La Belle Romaine, for $68.9m signaling a steady, upward swing in the market (the seller bought it eleven years ago for only $16.8m).
Such remarkable auction performance was partly due to an increase in Asian buyers and artists but whether it was in Asia, North America or Europe, there were signs of renewed confidence everywhere. I believe the momentum will continue well into next year and that we will witness more exciting developments (keep an eye out for the VIP Art Fair on January 22nd!). On that note, I wish you all a very happy holiday and a spectacular 2011!
Yours truly,  Heidi Leeheidi@HeidiLeeArtAdvisory.com
Above: Amedeo Modigliani, 1917, La Belle Romaine (The Beautiful Romanian) Atop: Yoshitomo Nara, sculpture installation, Park Avenue, New York |
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In This Issue
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ON THE TOWN
- ArtBasel Miami Recap (photos and videos)
- Save the Date: Feb 24 - SILC's art auction to benefit the Sheba Medical Center
COLLECTOR'S CORNER
- Framing Tips for Art Collectors
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""My paintings are not designed to entertain you, they are meant to trap you, to hold you before them while you try to rationalize what elements of the picture are making you stand there."
- Robert Williams
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ON THE TOWN
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 Art Basel Miami Beach Recap
ABMB was back with a vengeance this year with strong sales, exceptional art and record attendence. The quality of art was much better than last year and events were more conducive for business dealings. Marc and Annette out did themselves again! View my photos from the fair here
image: Danny Glover and Richard Hamilton get snapped by paparazzi
ABMB Press Release
Exceptionally high quality and very solid sales at Art Basel Miami Beach 2010
Miami Beach, Florida, USA - The ninth edition of Art Basel Miami Beach closed on Sunday, December 5, 2010. More than 250 galleries from North America, Europe, Latin America, Asia and Africa exhibited works by over 2,000 artists. The show attracted 46,000 visitors, a record number. Art collectors, museum directors, curators and cultural journalists from all over the world enjoyed a program of special exhibitions, panel discussions, private collection tours, and events featuring film, performance, and video. A great number of artists also attended the event, among them Michelangelo Pistoletto, Ernesto Neto, Vik Muniz, Pedro Reyes, Jonathan Meese, Martin Creed, Tony Oursler, Teresita Fernandez, Thomas Zipp, Julie Mehretu, Ugo Rondinone, Mark Handforth, Julian Schnabel and Isaac Julien..more
Missed ABMB this year? Dont worry!
Videos of the Art Basel Conversations can be downloaded at
www.artbaselmiamibeach.com/conversations
Videos of the Art Salon can be downloaded at
www.artbaselmiamibeach.com/salon
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UPCOMING EVENTS
| Save the Date: Thursday, February 24th, 2011 SILC Art Auction Benefit
Art auction to benefit the Hospital Without Borders, Sheba Medical Center in Tel Hashomer, Isreal. Co-chairs Heidi Lee and Zak Williams invite you to an evening of art, music and cocktails. Details to follow.
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COLLECTOR'S CORNER
|  Framing Tips For Art Collectors
Aesthetics and preservation are the two most important issues a collector should take into consideration when framing valuable works of art. The frame you use is supposed to protect your artwork for years but often times a bad frame can have the opposite effect. Below is a useful guide from Bark Frameworks to help prevent permanent loss and damage to your art.
Aesthetics The frame itself is only one consideration in frame design. The other topic to consider is the mat. The design of a mat, how it works with the art and with the frame, is a subtle issue. To supplement the tones available in rag board you can mount your work with silk, linen and hand-made paper. You can also choose unique French mat designs for more valuable artworks, depending. more
Comments? Contact info@HeidiLeeArtAdvisory.com
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