Pursuits
Stallone Finds `Love' in Miami as Art Basel Ends on Strong Sales
- Torrential rain, stabbing incident didn't deter art collectors
- Works in `sweet spot' of $50,000 to $750,000 moved quickly
Stella painting priced at $2.7 million. Photographer: Katya Kazakina/Bloomberg
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Sylvester Stallone said he was going to “spend some cash” on art. Then the actor and collector purchased a “Love” sculpture by Robert Indiana at the celebrity-packed opening of Art Basel Miami Beach.
The asking price was $1.6 million, according to Galerie Gmurzynska, which offered the work. Stallone also picked up a group of four paintings by 78-year-old California artist Ronald Davis, priced at $300,000, at Untitled, an art fair in a tent on the beach.