What Art Basel in Miami Beach’s Most Instagrammed Works Tell Us about the Art World Today

Critics, collectors, and curators now use Instagram to share images of art that inspires and intrigues them. Jerry Saltz, the Pulitzer-winning art critic for New York magazine, has 287,000 Instagram followers. Yusaku Maezawa, the Japanese technology entrepreneur and collector who paid $110.5 million for a Jean-Michel Basquiat painting, has over 100,000 fans.

Why Guarantees Are Actually Good For The Art Market

Collectors are sometimes terrified to sell works of art at auction—and not without reason. Maybe the object will fail to sell, becoming tainted or “burned” in the eyes of the marketplace. Maybe the estimates the consignor agrees to are too low, and the work sells for a song. But selling at auction also exposes the work to the largest number of potential buyers, increasing the odds it will sell for the best price possible.