In Miami, collectors and dealers of Latin American art came together at the seventh edition of Arteamericas at the Miami Beach Convention Center. With this economy, the number of exhibitors was only 52, which was 70 fewer than the year before. Still, despite that, devoted buyers were still reassured with the modest number. The regional director for Christie's in South Florida said that is was a blessing that Latin American art didn't boom as Chinese art did. Prices of Latin American art have not been inflated by speculation therefore there isn't much distance to crash. She also says that most people who collect Latin American art tend to be motivated by passion and don't like to sell even in hard times. Many other dealers agreed with this. Several galleries held large displays of talented Latin American artists. It was also noted that there is growing interest in Cuban Art amongst Anglo collectors (perhaps due to the loosening of the state- controlled Cuban art). Miami galleries also did very well gaining artists from many foreign countries. Join discussion...

Major auction houses in London have estimated sales at less than a quarter of the sales of last February. In response to this, auction houses are being more careful about which pieces they take on for sale, only choosing quality works that are correctly priced. They are also taking on less works, so as not to be left with a surplus. Join discussion...