In its 23rd year as the anchor fair to the city of Miami, Art Miami, the premiere international contemporary and modern art fair and its new sister fair CONTEXT Art Miami closed with record breaking attendance and sales in excess of $50 million with many galleries selling important works to major museums, private foundations and international collectors. Within hours of the opening, gallery owners were reporting extraordinary, unprecedented six and seven figure sales with a number selling out their booths before fair's end.

Over 60,000 international collectors, museum professionals, art world luminaries and enthusiasts visited Art Miami and CONTEXT Art Miami throughout the week with over 11,000 patrons attending the exclusive VIP Preview that took place on Tuesday Dec 4 which benefited the Miami Art Museum.

 New on the scene, Art Miami's sister fair, CONTEXT Art Miami in its inaugural edition proved to be one of the strongest markets to acquire emerging and cutting-edge art with several galleries selling out their booths. 

 "We have been at every Art Miami and this was probably the best of all. We met a number of new collectors, sold to two museums and generally had a very positive experience. We were regularly told by collectors how much they enjoy the buzz at Art Miami and certainly it would seem the galleries did good business. We do several prestigious fairs around the world and for the second year, Art Miami was the best," Peter Osborne, Gallery Director, London-based Osborne Samuel.

Jamie Smith, Partner and Director of CONNERSMITH. referred to the fairs as the strongest Art Week in the past decade and added,"This week at Art Miami and CONTEXT Art Miami, we have made the largest volume of sales that we have ever made at any fair in Miami since 2002."

 Newcomer to Art Miami, Michael Lyons Weir of Lyons Weir Gallery enthusiastically stated "This was our first year participating in Art Miami & CONTEXT. We were delighted by the quality of the attendance and extremely pleased by the brisk sales. We have been participating in Miami Art Week since it's inception and this was by far our most successful outing."  

Highlight sales include: 

 Michael Schultz Gallery sold SEO's Mobilier Raum im Garten I, 2012 and Raum im Garten II, for $52,000 each. Gerhard Ritchter's Abstrakted Bild (503), 1982 has been reserved for $11,500,000.

Coral Gables- based Cernuda Arte sold Roberto Malta's Les Suicides, 1943 for $200,000; Servando Cabrera Moreno's Leyenda Negra, 1973 for $120,000 and Wilfredo Lam's Seated Woman, 1944 for over a million dollars and sold Miguel Florido's Vivire en tu Recuerdo, 2006-2012 and Para Amarte Sin Limites 2012 for an estimated $20,000 each.

London-based gallery Osborne Samuel reported six-figure sales for Henry Moore's sculpture Mother & Child, 1953 and Draped Mother & Child on curved bench, 1980 and Lynn Chadwick's Two Seated Figures sculpture for more than $1,000,000. 

 Munich-based Galerie Terminus sold Tony Cragg's Wild Relatives sculpture for $550,000; two Heiner Meyer Onkel Dagobert, 2012 sculptures for $106,000 each; and three One is Not Enough sculptures for $23,000 each.

James Barron Art Gallery sold Takashi Murakamis' Flower of Joy - Lemon Lime, 2007, Flower of Joy - Madagascar, 2007 and Flower of Joy - Marshmallow Strawberry, 2007 for a combined total of $420,000.

New York-based Allan Stone Gallery sold Alfred Leslie, Wayne Thiebaud and Micheal Goldberg's pieces for just under $500,000. 

 Helsinki-based Galerie Forsblom sold Manolo Valdes Reina Mariana for $350,000, sold Manolo Valdes's Mujer en la Playa, 2007 for $460,000 and HC Berg's Skulls IV-XIII for $20,000 and Veiko Hirvimaki's Entry 3 for $10,000. Kaarina Kaikkonen's Hiding 2012 and 2012 Men's coat shirt, and Jacob Hashimoto's Untitled for $40,000 and Antihero, 2012 for an undisclosed amount.

 New York-based Hollis Taggart Galleries sold Jackson Pollock's Untitled, 1939-1940 for an estimated $60,000. John Wesley This Special Place in Which the Sea Hag Keeps her Craft, 1974 was sold for an estimated $60,000, Tom Freidman's Untitled, 2007 sold for an estimated $40,000, Tom Wesselmann'sFive Spot, 2004 for an estimated $400,000. Standing Nude, 1986 for $95,000 and Monica Lying on Her Back, 1998/1997 for an estimated $42,000 and Andy Warhol's Dollar Sign, 1982 for an estimated $68,000.

 New York-based Haunch of Venison gallery sold Damien Hirst's Beautiful Flamingo Dancing What a Vision painting for an estimated $375,000, Gunther Uecker's Nagelecke, 1979 for $386,500 and Ged Quinn's Yet to be Titled, 2012  for an estimated $55,000.

San Diego-based Scott White Contemporary Art sold a Claes Oldenburg sculpture for $375,000; 

 Greenwich-based Abby M. Taylor Fine Art sold Harry Bertoia's Tall Sonambient for $145,000; Norman Bluhm's Untitled #1 for $35,000 and Edgar Degas's Femme Sortant du Bain$265,000

 Miami-based Pan American Art Projects sold an Arnaldo Pomodoro work by $250,000

 New York-based Westwood Gallery sold Andy Warhol's never before shown Franz Kafka Circa 1980's for $200,000 and already has reserved Willem Dekooning's Untitled Circa 1980, which will sell for around $200,000 and Yayoi Kusama's Dawn, 1954 for $175,000 to an Asian museum. 

 Stockbridge-based Schantz Galleries sold Lino Tagliapietra's Masai Wall installation for $195,000; Fuji, 2012 for $61,000 and two Dinosaur sculptures for a combined $100,000

 New York-based Sundaram Tagore Gallery sold Jane Lee's Beyond the Blue, 2011 for $160,000 and Susan Weil's Wading for $26,000.

New York-based June Kelly Gallery sold Alex Harsley's I've Arrived (Basquiat) portrait for $18,000. Dancing Bacardi's top private collection sold for $150,000.

Tresart gallery sold Vik Muniz's piece Sophia Loren, Pictures of Diamonds, 2004 and Birgitte Bardot Pictures of Diamonds, 2004 for an estimated $150,000 each. 

Palm Beach-based Mark Borghi Fine Art Inc. sold Cecily Brown's Unititled, 2006 for $145,000. 

 New York's  Eli Klein Gallery sold over 30 works totaling more than $500k in sales. 

 New York- based Gallery Waterhouse & Dodd sold Golden Sun No. 2, 2012 for an estimated $45,000; Alexander Calder's Untitled, 1971 for an estimated $128,000 and Philippe Hiquily's La Claudinette for an estimated $30,000. 

Chicago's Zolla/Lieberman Gallery sold several field sculptures for $125,000+ each. 

 New York-based gallery Mark Borghi Fine Art sold Robert Ryman's Painting Without Paint for $120,000 and Color Test 2, 1993 for $75,000.

London-based Woolff Gallery sold the works of Russell West, Jude Turner, Zac Freeman and Valeria Nascimento for an estimated total of $100,000

 Basel-based Licht Feld sold several Marck pieces for an estimated $100,000

 London-based Atlas Gallery sold a Nick Brandt's work for $100,000 

 Coral Gables-based Tresart sold Sandu Darie's Untitled 1950s estimated at $100,000.

 Dusseldorf-based Shuebbe Projects Gallery sold Helmut Sturm's Untitled, 1961 for $95,000.

Washington-based CONNERSMITH. sold multiple Leo Villareal works for undisclosed amounts

 Stockholm-based Galleri Andersson Sandstorm sold Tony Cragg's It is, it isn't sculpture for $78,000; Ian McKeever's assembly of paintings for $46,000 and Gabi Trinkans's collage for $19,000

 Mike Weiss Gallery sold 10 Jan De Vliegher pieces for $120,000; and a Yigal Ozeri piece for $75,000 

 New York- based gallery Barry Friedman sold Wendell Castle's Abstract Table for $65,000

New York-based Sundaram Tagore Gallery sold Kim Joon's Golden Hour-Dom Perignon, 2011 for $23,000 and Sohan Qadri work for $59,000.

Chicago- based McCormick Gallery sold Jack Roth's Rope Dancer #2, 1980 for $55,000

Santa Monica- based Peter Fetterman gallery sold Stephen Wilkes' Jerusalem, 2012 for an estimated $30,000. Barry Categan's Twiggy, 1966 for an estimated $9,500. Ormand Gigli's Models in the Window, 1960 for an estimated $50,000. 

Mexico City-based Alfredo Ginocchio reported sales for over $50,000. 

Philadelphia-based Bridgette Mayer Galley sold Pablo Picasso's Sculpture and Kneeling Model for $40,000; Man Ray's L'heure de l'observatoire - Les Amoreux for $45,000, Federico Herrero's Paisaje Dividido for $32,000 and a work by Ryan McGuinness for $14,000

New York-based Heller Gallery sold Josephina Gasch - Muche's 30.08.07 for an undisclosed amount between $25,000 and $45,000 and sold a work by Libensky Brychtova for $90,000 

Toronto-based Nikola Rukaj Gallery sold Bernard Pierre's Nude Woman Bathing for $45,000, Francis Sam's Untitled for $32,000. 

Miami-based Unix Contemporary sold Eugenio Merino's Always Fidel and Always Mao for $45,000 each

Scottsdale-based Lisa Sette Gallery sold three works by Enrique Chagoya for a combined amount of $43,000. 

Hong Kong-based Contemporary by Angela Li sold a Shi Jin Dian work for $37,000 and a Peter Steinhauer work for $12,000.

Mannheim-based Galerie Peter Zimmermann sold Simon Raab's Steel Granade #2 for $35,000

Millerton-based Eckert Fine Art sold Robert Rauschenberg's Mule for $45,000; Michael Kalish's Pow, 2012 for $35,000; and Eric Forstmann's Further Refelection, 2012 for $16,000 

New York-based The Proposition sold Balint Zsako's Untitled (Appetite), 2012 for an estimated $40,000.

New York-based Leila Heller Gallery sold Kezban Arca Batibeki's Reflections I & II, 2011 for $38,000, Rachel Lee Hovnanian's Reflection X, 2012for $28,000, and Hadie Shafie's 7 Colors, 2012 for $20,000.

Nicholas Metivier Gallery sold two Jeffrey Blonde's for $35,000 each.

Philadelphia-based Bridgette Mayer Gallery sold Federico Herrero's Paisaje Dividido, 2010 for $32,000 and German Gomez's Condenado VIII, 2008 for $17,000.

New York-based Cynthia Reeves Gallery sold Jaehyo Lee's, 0121-1110=112101 for $27,000; Nail #1 and Nail #2 for $20,000 each and sold Danielle Julian Norton, Dawn Black and Lianhong Feng pieces for an undisclosed amount.

San Francisco-based Modernbook Gallery sold 10 works by Tom Chamber; price range of the works ranging between $12,000 and $26,000. Sales also include 30 works by Ryan Bush; Price range of the works ranged between $700 and $1200 and 4 works by Brent Townshend for $10,000 each.

New York-based Magnan Metz Gallery sold an Alexandre Arrechea piece for $8,000. David Drebin's Light Box sold for $25,000, and Dreams of Central Park sold for $11,800. 

Tel Aviv-based Zemack Contemporary Art sold Lee Yanor's As Far as I Can Seefor $17,500 and Duchamp Thinking What to do Next for $7,500, Phillip Pascua's Phillipinne for $24,000 and Eran Shakine's Dega's Dancer as a Stripper sculptor for $18,000

Buenos Aires-based gallery Centro de Edicion sold the works of artists Leon Ferrari, Silvia Sanjurjo, Silvia Brewda and Silvia Plumari, totaling more than $23,000.

Miami based Zadok Gallery sold SeonGhi Bahk's An Aggregation 12-09-01, 2012 for $22,500 and Maria Magdalena Campos Pons's Dreaming of an Island, 2011 for $18,000 

Paris-based Galerie Paris Beijing sold Catherine Nelson's Foster (Other World), 2011 for $7,700; Laurent Chehere's Ballon Rouge, 2011for $3,200 and Yang Yonghang's Before the Rain, an 8-minute video, edition 5, for $16,000. 

New-York based Galerie Richard sold a photograph by Dionisio Gonzalez for $15,000

London-based Alan Cristea Gallery sold Howard Hodgkin's Cold, 2012 for $13,700

Stockholm-based Wetterling Gallery sold 2 Doug and Mike Starm's untitled pieces and Bernar Venet sculpture 2 Indeterminate lines for an undisclosed amount 

San Francisco- basd Modernism Inc. sold Duncan Hannah's By the Sea, 2010 for an undisclosed amount. 

Baltimore-based C. Grimaldis Gallery's booth sold out completely for an undisclosed amount.