Art Basel Miami Beach is all about buying and selling, market trends and the like, and so the big question on almost everyone’s mind on the vast floor of the Miami Beach Convention Center, given mixed success at recent New York auctions and depressed sales,

CBS News Miami's Lisa Petrillo previews Art Basel Miami Beach, which marks its 22nd year at the Miami Beach Convention Center, showcasing works from 286 premier galleries representing 38 countries and territories.

Leonard Hochstein is still going to be able to throw an exclusive Nylon magazine bash, but with new restrictions.

A new piece at Art Miami pokes fun at the banana that debuted at Art Basel in 2019 and recently sold for $6.2 million. "Bang-nana," a banana-shaped grenade taped to a frame, is artist Mr. Debonair's recreation of "Comedian" by Maurizio Cattelan,

As a free-entry event focusing on contemporary works on paper at the Dorchester Hotel in Miami Beach, INK Miami has gained a reputation for showcasing an array of 20th-century masterworks and newly published editions by prominent international contemporary artists.

Camila Cabello, Derek Jeter, Ludacris, Lil Wayne, Steve Aoki, Diplo and many more celebrities are set to attend the annual art fair in Florida this year.

During Miami Art Week the deal-making, socializing and celebrity gawking at Art Basel and satellite art fairs can vie for attention with the dizzying floor plans of gallery booths. But there’s a wealth of other options around town that serve up art viewing at a different tempo. Here’s a sample of the offerings.

The Moroccan restaurant hosts an immersive dining and art experience for Capitol One cardholders, with curated dinners hosted by artist Hassan Hajjaj and afterparty entertainment provided by Kaytranada and Shaboozey. Anderson .Paak (as DJ Pee-Wee) will also play a set. You can find more info here.

Miami Art Week is officially underway as some of the major fairs are now open to the public. Behind the scenes: We got a sneak peek at Art Miami during yesterday's VIP preview. Here's some of what we saw: "Cream Beatle Sphere" by Ichwan Noor This large illusion sculpture looks like a Volkswagen Beatle rolled into a ball.

Thirty-four galleries are joining the fray, bringing glass tongues, giant paintings and deceptively pink assemblages.

The Art Basel Miami Beach fair opening today is just one of the many events defining the art world's latest sweeps week.