MIAMI–(BUSINESS WIRE)–UBS, Global Lead Partner of Art Basel for over 25 years, will kick off
the opening of Art Basel Miami Beach (December 6-9, 2018) with the
release of a new report, surveying the attitudes and behaviors of
US-based wealthy fine art collectors. According to the 2018 Art Basel
and UBS Global Art Market Report, the U.S. continued to hold strong as
the leading market for the world’s top 200 collectors, of whom 50% are
based in the U.S. Moreover, 68% of global art dealers also cited the
U.S. among their top three most important buyer nationalities.
“Art Basel in Miami Beach sits at the nexus of North America and Latin
America and we have had incredible interest in the show from across our
global collecting community this year. With strong figures and
confidence in the U.S. art market, Art Basel in Miami Beach is assured
as a key destination for collectors,” said John
Mathews, Head of Ultra High Net Worth Americas at UBS Global Wealth
The UBS Lounge will feature a unique print on wallpaper, War of
the Roses [Sound Graph], by painter and filmmaker Sarah
Morris created especially for the show, as well as works by Morris
from the UBS Art Collection, including a newly acquired painting, Precious
Stone [Sound Graph], 2018. The UBS Lounge will also feature work by
twentieth-century masters Frank Stella and Howard Hodgkin.
Works by all three artists will also be featured in the newly renovated
lobby of UBS’s Midtown New York headquarters at 1285 Avenue of the
Americas, to be completed in early 2019.
In the public area of the fair, the UBS Art Studio will
celebrate female mentorship in the art world. Additionally, UBS’s Project Entrepreneur will partner
with Leche Lounge, founded by Stephanie Conduff, to offer a
mobile lactation suite in the West Lobby that will be available to the
public for the duration of the fair. Project Entrepreneur is UBS’s
flagship philanthropic initiative which aims to increase the pipeline of
female founders, and is part of the firm’s overall commitment to driving
towards a more inclusive landscape for entrepreneurs.
In addition, UBS and Village Capital will host a special discussion on
inclusive entrepreneurship on Saturday, December 8 in the UBS
Lounge. The event will convene a group of early-stage startup
investors, female founders, and business support organizations from
Miami and beyond, for an important dialogue on how to level the playing
field for underrepresented founders.
To coincide with Art Basel in Miami Beach, UBS has surveyed the
attitudes and behaviors of US-based wealthy fine art collectors, in a
special edition of its Investor Watch Pulse Report. The findings will be
released the week of December 3. For more information and to read
previous versions of the report, please visit: ubs.com/investorwatch
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