An excerpt from Art News related to the pricing range in Miami Art Week events 2022.
Courtesy of Art Basel
“The market is more selective,” said Christophe van de Weghe, whose booth was one of the priciest at the fair. While several works priced between $1 million and $5 million found buyers on opening day, the more expensive pieces remained unsold, including a $20 million Basquiat.
Legendary Swiss dealer Karsten Greve featured brand new figurative paintings by Israeli artist Gideon Rubin on the outside wall of his booth, priced at $14,500 to $34,500, with red dots next to many—but not the pricey Cy Twombly paintings and works on paper inside.
Demand for emerging artists remained strong at the main fair as well as satellite shows like NADA and Untitled. “I haven’t found any bargains,” said Lio Malca, a New York-based collector and private dealer. “Instead of having 10 people in front of you, there are three or four now.”
He bought several works priced at $10,000 to $100,000, but was outbid on many others, including a $4.5 million Keith Haring painting that had been pre-sold at Gladstone, he said.
Things were slower above $5 million—a sign of the dislocation between what sellers expect and what buyers are willing to pay."
Onli's iconic Rhythmistic work, "The Alchemist" was featured in the PRIZM Art Fair 2022 in Miami. Asking price was $39,000.00. Circa 1999 Acrylics on unframed archival museum profiled stretched canvas.
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