The long-running fair’s host city is America’s current de facto crypto capital. This week, a month after the reelection of the country’s first meme-coin president, it is also a global destination for that other great speculator’s sport: buying art.
I’ve known Galanis since his pre-Cameo days. We were the same year at Duke, and I profiled him for the college magazine. But I hadn’t seen him since he moved from his childhood home of Chicago to Miami, a city he never visited growing up, and I had questions perhaps only a whip-smart, highly connected Miami tech-world guy like Galanis could answer.
And so at this moment, there’s no reason why crypto investors looking forward to a potential golden era of deregulation and Bitcoin bumps wouldn’t take the opportunity to buy at Art Basel. Ryan Zurrer, the Swiss venture capitalist, confirmed to me that he was an underbidder on Comedian. He tapped out before the price went past $4 million. He was just a tad too late to buy the work when it debuted at Basel Miami in 2019, and he plans on buying at the fair for the foreseeable future.
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