South Florida by the numbers: Condos and canvases

“South Florida By the Numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

While it may have some stiff competition, Art Basel Miami Beach remains the area’s signature annual event, bringing thousands of modern and contemporary art dealers, collectors, aficionados, and artists to the region each December. While the Miami Beach Convention Center once again hosted the main event, guests were also welcomed at more than 20 satellite fairs throughout the city. As always, Miami’s real estate community served up marketing and promotional masterpieces in an effort to showcase properties to wealthy visitors, hosting lavish parties, boat tours, private dinners, exhibits — and the main event itself. We step back and admire the impact of Art Basel 2023 in this edition of “South Florida by the numbers.”

9

Number of consecutive years Douglas Elliman sponsored Art Basel before 2023, replaced this year by Coconut Grove-based Sotheby’s International Realty. Sotheby’s announced in September that it had signed a multi-year deal with the art show, giving the brokerage a unique opportunity to showcase its new developments and luxury homes. [TheRealDeal]

28

Hours of playtime for a short video of an animated, artificial intelligence-generated inflatable “bounce house” popping up on Miami Beach’s North Bay Road. This creative “non-event” Art Basel strategy for a new $29.5 million listing, offered by a group of local agents, had been viewed nearly 130,000 times as of the first Monday morning after the festival. [TheRealDeal]

Between $400 million and $500 million

According to economists, Art Basel’s financial impact on the region, affecting an assortment of industries that includes lodging, dining, marine/boating, and (of course) art and residential real estate. [SFBJ]

$20 million

Price paid for Philip Guston’s 1979 “Painter at Night,” marking the biggest sale of the fair as announced by organizers on Sunday evening.  Despite signs of a cooling global art market, the fair reported remarkably strong sales, including multimillion-dollar purchases of pieces by Marlene Dumas, Willem de Kooning, and Yayoi Kusama. [Axios]

$60,000

Nightly rate to book the 1 Hotel South Beach’s Sky Penthouse during Art Basel, one of many ultra-luxury hotel suites made available in the five-figure range during the fair. Other suites include The Four Seasons at The Surf Club’s Marybelle Penthouse ($45,000/night), the W South Beach ($27,000+/night), The Ritz South Beach ($15,000/night), and The Fontainebleau Miami Beach’s Trésor Tower Penthouse ($10,000/night). [PageSix]

This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.