Here is a great article from the New York Times about Art Basel Miami.
The Times summed up the seminal event this way:
“Four days and a small sliver of mostly man-made beachfront can barely accommodate the hordes of dealers, collectors, artists, designers, photographers, journalists and hangers-on that descend en masse for a quick pre-holiday sun and high-ticket spending.”
A great set of photos published by the Times can be found here.
And here.