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Art Basel Miami Beach celebrates 20th anniversary

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Art Basel Miami Beach is celebrating its 20th anniversary this year, amid inflation and economic worries. The Miami art week is still expected to draw thousands of art collectors from around the world, while galleries are being realistic with their forecasts. The event brings together leading international galleries to present their highest quality artworks across all media - from paintings and sculpture to photography and digital art. The list of exhibitors includes galleries spanning five continents, with more than half of exhibitors from North and South America. The fair is displaying highly valuable "Blue Chip" and museum-quality art. While Miami's art week is a draw for serious collectors, the public event brings other art fans from around the world. And other art fairs are happening at the same time, including Design Miami and Art Miami. Celebrities are also attending the show, such as American record producer Pharrell Williams. Industry experts say it's hard to predict how the fair will perform in terms of sales, given inflation and economic worries.

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