Limited-Edition Contemporary Furniture Not Fairing Well
Filed under: Events
Over the weekend, the biannual 'Design Miami' fair celebrated the extreme end of design, notably limited-edition contemporary furniture that often doubles as art, but the show certainly felt the economic effects of late. With less participating galleries than last year, lowered prices by many designers, and fewer sales it seems this narrow niche of luxury is facing a downturn similar to those seen in the fine art, luxury real estate and automobile industries. Even though many are holding back their spending there are still some patrons who have not lost their desire for expensive decor as witnessed by the purchase of a taxidermy fox with gold maggots in its ears by Kelly McCallum for $20,000 (pictured above).
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