Art Basel Miami Beach ended a couple of days ago. So how did it go? Sales were surprisingly strong—especially compared to the train wreck of a show last year—and the excess that characterized the event in previous years was back in fashion. Then again, not every fixture on the art scene was impressed.

Because the art world couldn't possibly be expected to dial things back two years in a row, Art Basel Miami Beach, which kicks off next week and runs through December 6, is expected to be bigger and better than ever!

Like a depressing microcosm of the problems afflicting the world at large, Miami Art Basel was a shadow of its former wild and ostentatious self and has drawn to a close, leaving debt, hangovers, and photos of Pamela Anderson's ass in its wake. Despite elaborate prevarication from certain onlookers, the combination…

As we noticed yesterday, certain quarters of the media seem to be under the impression that if, like a child covering his ears and shouting "lalalalala," they pretend that the scene down at the Miami Art Basel is as glitzy and cash-soaked as ever, people will believe it. "Recession schmession," crows Blackbook.…

♦ Mimosa yellow is the color of 2009. [Vogue]
♦ Massive discounts helped lead to a 15 percent boost in sales on Cyber Monday. [WSJ]
♦ Retailers are pulling out all the stops to lure customers to stores this holiday season. [NYT]
♦ Anna on the recession: "I see a lot of people in my industry who are over-reacting.…

Art Basel Miami, the most talked-about art event of the year, is in full swing and all the usual suspects have turned up. At a party on Tuesday night hosted by the Times' T magazine and hotelier Andre Balazs, faithful scenesters like Calvin Klein, Takashi Murakami, Naomi Campbell, Rachel Zoe, Yvonne Force Villareal,…

So there won't be so many wealthy bankers as usual at the Miami Art Basel this week. But people can at least expect to see lots of top execs and clients of the fair's sponsor, Swiss banking giant UBS, right? Sadly for already-despondent artists and dealers, it looks like a few of them may be well-advised to stay…

It's not just dealers and artists who will be feeling the effects of a much more subdued atmosphere at this year's Art Basel. Further evidence that the annual art event is not going to be teeming with hedge fund moguls, Russian billionaires, and party scenesters as in years past: Rooms at Miami's top hotels are not…

This week's Miami Art Basel, the world's most important art fair and normally a scene of champagne-soaked excess as wealthy art lovers convene to outdo each other on spending tens of millions on star artists, has a gloomy cloud over it as the art market experiences a dramatic dive. The hedge funders probably won't…