New York felt the brunt of Hurricane Sandy’s force - many artists and galleries lost their livelihood as many venues and galleries cancelled their art shows due to flooding and power outages; however, many expect a significant upside during Art Basel Miami. Dealers, art collectors and brokers who could not travel to New York, due to Hurricane Sandy, plan to visit Miami during Art Basel and make record purchases. These buyers head to Wynwood to explore what's new and hot in the art scene
Art Basel Miami is moving to the Wynwood area. There is something about Wynwood that attracts art lovers, the French have a saying for it "je ne sais quoi." Tony Goldman, who unfortunately passed away recently, created this feeling. As more businesses come to the area and set up shop, it appears that the art community and real estate investments are a winning combination - Tony is surely smiling on Wynwood.
The attention to Wynwood has caused many Art Shows from around the world to recognize Wynwood as the future of Art Basel Miami. If these Art Shows are to remain relevant they must keep up with the times. Wynwood is the natural progression for the art community as developments like Midtown's new Mega Wal-Mart on North Miami Avenue and further residential developments eliminate vacant space and remove the artsy vibe from the Midtown area.
As Wynwood gains more traction with the international contemporary art fairs, it has impacted the rental prices in the area. Rental rates have increased from the demand created during the Art Basel season, causing many to reserve space early.
Fulfilling this insatiable demand created during Art Basel Miami, local business must be able to cope, otherwise these art shows may soon leave Miami altogether. Soho Studios is one of these local businesses. Known as the largest event space and studio in Miami, this event venue is able to cope with the demands that these art fairs have created. With over 65,000 sq ft, Soho Studios is a formidable force for showcasing art and attracting buyers all over the world. This year Soho Studios will exhibit two new Art Fairs during Art Basel Miami, JustMadMia from Spain and Parallax from London. These shows will benefit from the size of space Soho Studios has to offer. Soho Studios will stand the test of time and remain the best studio in Miami.
Visit the new Art Basel Miami resources by Soho Studios.