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KATHERINE MCMAHON/ARTNEWS

Art Basel Miami Beach opened its doors to VIP Aboriginal Choice cardholders this morning, and while abounding dealers and collectors commented that the aisles seemed hardly beneath abundant than usual, a few big sales in the aperture hours adumbrated that the bazaar is stable, if a bit muted.

Attendees were affiliated in celebratory that the fair’s aboriginal few hours lacked the faculty of a agriculture aberration that prevailed as the market’s balloon was inflating, but some said that a quieter fair is not necessarily bad for dealers.

“Obviously it’s leaner,” said Sprüth Magers administrator Sarah Watson. “It’s leaner, but that can be absolutely pleasant. And the bodies who are actuality are actuality to buy.”

Watson was continuing in advanced of a ample Barbara Kruger work, Untitled (Cast of Characters), 2016, that the arcade awash for about $300,000. It’s an inkjet-on-canvas piece that appearance a bulk of answerable words in all-caps, abounding of which—BIG SHOTS, HATERS, and, yes, LOSERS—recall the pre-election awning she advised for New York magazine, with LOSER slapped beyond Donald J. Trump’s face.

Regardless, the Kruger sold—as some empiric the day afterwards the Trump ascended to the presidency, the election result could advice the art bazaar in assertive ways.

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“I awash a lot of art afterwards 9/11,” Watson said. “People charge commodity absolutely affable to buy.”

Even with the somewhat attenuated crowds in the aboriginal hours, a few big-ticket works went anon afterwards the doors opened at 11 a.m. San Francisco banker Anthony Meier awash a Gerhard Richter Quattro Colori assignment for $100,000 in the aperture minutes. Louisville-based beneficiary Steve Wilson bought Kehinde Wiley’s Akilah Walker (2015) from the berth of New York’s Sean Kelly Arcade for $185,000—he told me he purchased 20 works today, and that they will all be activity to the arcade spaces in his art-themed mini-chain of bazaar hotels, 21c.

Mickalene Thomas’s Interior: Wicker Red Chair, Leopard Rug and Candles (2016) was acquired from Lehmann Maupin, of New York and Hong Kong, for amid $200,000 and $250,000. A actual ample George Condo, Figure on a Red Field (2016), anchored the Skarstedt berth (New York and London) and was auspiciously off-loaded for $700,000. Mark Bradford—who will accept to assignment with whomever Trump picks as Secretary of State back he represents the Affiliated States at the Venice Biennale abutting year—had one of his behemothic atramentous canvases, TBC (2016), advertise at the Hauser & Wirth berth for $2 million. And a Gerhard Richter abstruse assignment at the Gagosian Arcade berth was awash for for $5.8 million.

“We’ve done absolutely great,” Larry Gagosian told me as he lounged in a armchair at the centermost of his booth. “Maybe there’s a little beneath bodies than in years past, maybe the Zika affair had an effect.”

Once the prices went hardly higher, however, buyers seemed to be more scarce. Another assignment at Gagosian, Jeff Koons’s Diamond (Blue), 1994–2005, was up for $15 million—more than the $11.8 actor Gagosian paid for it at Christie’s in November 2007. The added four Koons design works are in clandestine hands, and are not acceptable to go on the bazaar anytime soon, and yet, as of amid through the aboriginal day of the sale, no one had alone the $15 actor to buy the dejected one.

“Things over a actor booty a little time,” said Lawrence Luhring, co-owner of New York’s Luhring Augustine gallery. He said they had done well, affairs assignment by painters Josh Smith and Jeff Elrod, but some works with college amount tags had not yet been sold.

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“There’s beneath people, but acceptable quality,” Luhring said. “The VIPs are aloof not as crazy, but business has been good. In the aftermost year, the bazaar has aloof become a little added thoughtful.”

Likewise, Di Donna gallery, of New York, hadn’t yet sold its $12 actor Miró, admitting some interest. Banker Emmanuel Di Donna, a above arch of Impressionist and Modern sales for Sotheby’s who is assuming for the aboriginal time at Art Basel Miami Beach, said he’s blessed with the fair, alike if appearance is slightly lower.

“It’s not as active as I’ve apparent in added years,” Di Donna told me.

Opening day at the fair, with Ulla von Brandenburg’s Fahne(Drapeau), 2008, at Art: Concept Paris.

KATHERINE MCMAHON/ARTNEWS

Work with a political bent did assume to be selling, as collectors coped with the accessible Trump presidency. At Mitchell-Innes & Nash, which is based in New York, Pope.L’s Sunny Day White Power (2016) awash in the ambit of $100,000, while the three works by Rirkrit Tiravanija at the Gavin Brown’s Enterprise booth, all of which had the words THE TYRANNY OF COMMON SENSE HAS REACHED ITS FINAL STAGE printed over pages from the New York Times the day afterwards the election—quickly awash for $90,000. A pretty nice little Elizabeth Peyton painting of Barack Obama, made in 2008, awash at the Gladstone Arcade berth for $450,000. (More on the political works at the fair here.)

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Speaking of the Trump presidency, one can alone brainstorm what David Hammons thinks of the afterward reality: his assignment is actuality awash by the ancestor of approaching Trump administering Treasury Secretary Steven Mnuchin at Art Basel Miami Beach for $2.5 actor dollars. What a world. As of this afternoon, it remained unsold.

Even the celebrity sightings seemed a little bottomward this year, admitting Barbra Streisand did change through the berth of New York arcade Hirschl & Adler to attending at an Edward Hopper watercolor, two astronomic bodyguards in tow, forth with one of her little white dogs. Artists rarely appearance up at Art Basel Miami Beach, but look, there’s John Baldessari actuality formed about in a wheelchair while cutting a absolutely alarming BMW antagonism jacket!

Collectors were in abounding force, as the fair was graced by the presences of Eli Broad, Dan Loeb, LVMH almsman Delphine Arnault, and Steve Cohen, who is still barred from managing added peoples’ money until 2018, as allotment of his adjustment with the SEC.

“I’m aloof aggravating to adore myself,” Cohen told me, and again absolved away.

The fairs in Miami continue tomorrow with the VIP aperture of NADA Miami Beach at the Deauville Beach Resort.

Correction 12/1/2016, 10:15 a.m.: An beforehand adaptation of this commodity misstated the name of the Mickalene Thomas assignment that awash at Lehmann Maupin during the VIP opening. It is Interior: Wicker Red Chair, Leopard Rug and Candles, not Do I Attending Like a Lady? The column has been adapted to reflect this.

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