Art Basel Miami Beach opened on 2 December amidst further reports that the market for contemporary art is in recovery. However, it remains to be seen whether collectors match the confidence of dealers and those in the art fair business - many collectors who have gone to fairs during the recession were there to look, not to buy. When the results of Art Basel Miami Beach are known, art market analysts will have a clearer view of the current state of the market for contemporary art and the outlook for art fairs.
