Miami Madness: Big Buyers Swoop in for Art Basel Parties

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By Andy Wang
Like many in the New York real estate business, designers/developers Bob and Cortney Novogratz have long made a habit of heading down to Miami for Art Basel week.“I’ve been eight years in a row,” says Bob Novogratz, who will be there again next week, filming the couple’s “Home by Novogratz” HGTV show and hosting a design-themed dinner at the Shelborne South Beach hotel. “You visually see so much art and design that you come back to New York very charged up. You come back overstimulated.” Yes, it’s easy to get overwhelmed during a week when Art Basel, numerous satellite fairs and real estate developers on and off the beach compete for the attention of all the wealthy potential customers in town. “There’s no other week in Miami where there are so many high net-worth individuals,” says Prudential Douglas Elliman broker Oren Alexander, who has the listing for the $60 million Miami mansion at 3 Indian Creek. “No other city in the world can compete with the level of sophistication and class during this time.” Put it another way: Those who sell Miami real estate know it’s time to hustle.

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