Jeff Bezos, Lauren Sanchez Fuel Rumors of Major Art Purchase After Being Spotted at Art Basel Miami The pair hosted the FIRST Inspire Gala on Thursday.

By Emily Rella

Opinions expressed by Entrepreneur contributors are their own.

Billionaire Jeff Bezos and his fiancé Lauren Sanchez took to their future home in Miami, Florida, over the weekend to attend the coveted annual Art Basel event.

The art installation show, which ran from Friday, December 8 through Sunday, December 10, at the Miami Beach Convention Center, has in recent years become a week-long marathon of events, parties, dinners, and brand installations that attract the influencer types and the who's-who of the art scene.

Earlier in the week, select VIPs were invited to preview some of the 250 galleries of modern and contemporary art before they were open to the public.

Related: Lauren Sanchez Gives Vogue Details on Jeff Bezos Engagement

Bezos and Sanchez were spotted during VIP previews on Thursday alongside Marc Glimcher, the chief executive of Pace Gallery and a prominent dealer in the modern art world. Glimcher gained mass notoriety in the art world in 2012 when he sold a painting to German visual artist Gerhard Richter at Art Basel in Switzerland for a cool $20 million.

Bezos and Sanchez were hosting the FIRST Inspire Gala at the Loews Miami Beach Hotel, honoring Ursula Burns, CEO of XEROX, to benefit youth in STEM.

Guests attend the FIRST® & i.am/Angel Foundation during Art Basel Miami at Loews Miami Beach Hotel on December 06, 2023 in Miami Beach, Florida. (Ivan Apfel/Getty Images for FIRST)

The pair fueled rumors that a purchase might have been made, as Bezos is known to be a big spender on art.

In 2019, he reportedly spent $70 million on two massive works of art — namely Ed Ruscha's "Hurting the Word Radio #2" (1964) for $52.5 million at Christie's and Kerry James Marshall's "Vignette 19" (2014) for $18.5 million at Sotheby's.

Related: Art Basel ATM Exhibit Publicly Shares Your Bank Account Total

It is unclear if the pair purchased art at the event.

Bezos' net worth as of Monday afternoon was an estimated $172 billion.

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Productivity

6 Habits That Help Successful People Maximize Their Time

There aren't enough hours in the day, but these tips will make them feel slightly more productive.

Leadership

I Fired My Smartest Employee — and It Was the Smartest Thing I Ever Did

I've seen thousands of impressive resumes over the years, but one important lesson I've learned is that intelligence without emotional intelligence can be detrimental to your team and your business.

Franchise

Thinking About Scaling From a Single Unit to Multi-Unit Ownership? Here's What You Need to Know.

Scaling from a single franchise location to multiple units demands new systems, deeper trust and a shift in how you lead.

Resumes & Interviewing

LoopCV Applies to the Perfect Jobs for You Every Day — and It's Now Less Than $30

Apply for jobs and email recruiters with the click of a button.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.