Photo by: Nairy Baghramian Courtesy of Art Basel
One of the world’s most influential art fairs may be staying in Miami Beach, but first, both sides will need to reach a new agreement.
According to the Miami Herald, Art Basel is currently negotiating with the City of Miami Beach over a new contract that would keep the internationally renowned fair in South Florida beyond 2026. At the center of the discussions is the cost of hosting the event, with Art Basel seeking significant reductions after its annual licensing fee climbed to nearly $1 million.
City officials have proposed lowering the base rental fee to approximately…
