Art Basel Miami Beach 2025—the marquee event of Miami Art Week and final major art fair of the year—opened the first of two preview days on Wednesday, December 3rd. The fair’s flurry of initial transactions included several seven-figure deals, led by David Zwirner’s sale of an abstract Gerhard Richter painting for $5.5 million.
The number of high-value sales on opening day seems to reflect a wave of positive market sentiment, which swelled following the strong performance of last month’s New York auctions. Those sales brought in a total of $2.2 billion, assuaging some lingering fears about the tepidness of the market’s top end earlier this year.
Richter, for his part, has experienced a surge in interest this fall, coinciding with his sweeping retrospective at the Fondation Louis Vuitton in Paris. A $23 million Richter work offered by Hauser & Wirth also led the opening sales at Art Basel Paris in October.
While it didn’t clinch the leading sale this time, Hauser & Wirth reported impressive sales, including one $4 million transaction on opening day. Marc Payot, president of the gallery, noted in a press statement that, “In the first three hours of the fair, our sales have already totaled 40% more than we made in the entire week at last year’s Art Basel Miami Beach.”
Here, we round up some of the leading initial sales reported by galleries at Art Basel Miami Beach. Check back on Monday for our full sales report.
- In addition to its headlining Richter sale, David Zwirner reported selling a 1967 Alice Neel painting for $3.3 million, two Josef Albers paintings for $2.5 million and $2.2 million each, and a 1969 Ruth Asawa wire sculpture for $1.2 million. The gallery also reported selling a new work by Dana Schutz to an American museum for $1.2 million.
- Hauser & Wirth reported selling George Condo’s Untitled (Taxi Painting) (2011) for about $4 million, as well as Louise Bourgeois’s Persistent Antagonism (1946–48) for $3.2 million and her Mr. Follett: Nursery-Man (1944) for $2.5 million. The gallery also sold works by Ed Clark, Henry Taylor, and Rashid Johnson for seven-figure sums.
- White Cube’s opening sales were led by a Willem de Kooning work, which sold for $2.85 million. The gallery also reported the sale of a Damien Hirst work for $2.5 million, a work by Tracey Emin for £1.2 million ($1.6 million), Andreas Gursky’s Harry Styles (2025) for €1.2 million ($1.4 million), and a Richard Hunt work for $1 million.
- Almine Rech reported selling a Pablo Picasso painting for a range between $2.8 million and $3 million, and a work by James Turrell for between $900,000 and $1 million.
- Thaddaeus Ropac sold two works by Alex Katz—Orange Hat 2 (1973) and Wildflowers 1 (2010)—for prices of $2.5 million and $1.5 million, respectively. The gallery also sold Georg Baselitz’s Selbstportrait 1953, 18.V.97 (1997) for €1 million ($1.2 million).
- Gladstone Gallery reported selling Robert Rauschenberg’s Tarnished Honor (Copperhead) (1989) for $1.5 million.
- Pace sold Sam Gilliam’s Heroines, Beyoncé, Serena and Althea (2020) for $1.1 million.
- David Kordansky Gallery sold Rashid Johnson’s God Painting "I Dream A Lot" (2025) for $750,000.
- Lisson Gallery sold an untitled Anish Kapoor work from 2015 for £500,000 ($666,645).
- Lehmann Maupin sold two paintings from McArthur Binion’s “DNA:Study” series for a total of $500,000.
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