Global chaos can’t slow down a buoyant and robust art market

Supermodels, movie stars, chief executives and multimillionaires descended on Miami last week to snap up art masterpieces

Fredy Hadorn’s Made Off caught the attention of US treasury secretary Wilbur Ross and an opportunistic passer-by, who grabbed the dollar bills overnight Pic: Bloomberg/Getty
Wilbur Ross

A pair of hands - cuffed and protruding from a wall as they clutch a wad of cash - intrigued Wilbur Ross. The US commerce secretary asked the gallery to email him more information about the 2009 sculpture created by Swiss artist Fredy Hadorn, who titled it Made Off because it was inspired by Bernard Madoff’s Ponzi scheme.

Ross, 81, was among tens of thousands of people who descended on Miami last week ...