ART BASEL MIAMI BEACH MELTDOWN: 14 GALLERIES DROP OUT, ARTIST ARRESTED

## Art Basel Miami Beach just survived its most chaotic year yet, with blue-chip galleries fleeing and a performance artist getting hauled to jail for using washable chalk. **The Gallery Exodus** Of the 285 galleries originally announced in July, 14 major players pulled out by December, including powerhouses like Miguel Abreu, Chantal Crousel, Alison Jacques, Peter Kilchmann, Edward Tyler Nahem, Luisa Strina, and Lia Rumma. The brutal summer art market correction left dealers scrambling to cut costs, with fair participation fees being their biggest expense. "Three fairs in the fall would be too much," Miguel Abreu told ARTnews, admitting his gallery couldn't handle both Miami and his other commitments. **The Arrest That Defined Art Week** While galleries were quietly backing out, Luxembourgish performance artist Thomas Iser made headlines the hard way. He spray-painted "Sorry to disturb, art in progress" on a Miami Beach Convention Center window using washable chalk, then let his three-year-old daughter draw with a chalk pen. Police arrested him on criminal mischief charges, handcuffing him in front of his child. Iser spent a night in Miami jail, which he described as "a real descent into hell" with cold cells and poor conditions. He faces trial and potential deportation, calling the U.S. "an increasingly authoritarian country." **The Financial Reality Check** Art Basel's parent company MCH Group scraped together just a 0.7% profit margin in 2024 on $542 million in revenue, explaining why they're aggressively pursuing cancellation fees. Galleries that dropped out after August 1 owed 50% of their booth fees; after October 1, they paid 100%. The fair's Swiss efficiency extended to collecting every penny, even pursuing closed galleries like Altman Siegel until media attention forced them to void the bill. **The Show Must Go On** Despite the chaos, Miami Basel delivered when it mattered. More than a dozen sales topped $1 million, led by a Joan Mitchell painting priced at $18.5 million at Gray gallery. The fair welcomed 34 first-time exhibitors, replacing dropouts from waitlists that Art Basel director Bridget Finn called "very organized." Hotel bookings were up, but guests didn't linger – VIPs came early, did business, and left.