Haute 100 Update: Miami Gallery Owner Gary Nader to Open Auction House for Art Basel

Longtime Miami art gallery owner and art collector Gary Nader thinks that Miami is ready for an auction house. He hopes to bring the bidding wars to Miami when he opens his auction house during Art Basel Miami Beach in December after traveling the world’s auctions over the last several months.

In London, Nader went with a budget that he just couldn’t keep. “I spent $2 million on those ceramics,” he said about 11 pieces by Picasso. “I expected to pay $100,000.”

This is precisely the kind of bidding he wants to bring to Miami and thinks the city is primed for it. He will launch the auction house, called Nader’s, with 112 lots he had acquired during his travels valued at over $40 million. The first sale is scheduled during the Dec. 1 Art Basel event.

The December sale will focus on modern and contemporary art with works offered only from well-known names including Fernando Botero, Damien Hirst, Roy Lichtenstein, Roberto Matta, and Joaquin Torres Garcia. Additionally, Nader expects to hold four to five sales per year featuring art, wine, antiques, watches, and cars.

The auctions will take place at the  Gary Nader Art Centre located at 62 NE 27^th Street in Miami’s Wynwood neighborhood, as well as by phone and online.

Our Haute 100 list details the accomplishments of the most influential people in each of our markets. To see the entire Haute 100 Miami list, click here.