$7 M. Paintings by Agnes Martin and Phillip Guston Lead Art Basel Miami Beach Sales

At the opening of Art Basel Miami Beach on Tuesday, dealers reported solid attendance from collectors, who showed few signs of reticence to buy new works. Gallerists said they were successful in placing works in institutional collections spanning the U.S. and Europe museums. (Sales are self-reported by galleries, making the data difficult to confirm.)In their sales reports, dealers painted a rosy picture of the action at Art Basel. Some said they sold works valued as highly as $7 million—a