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

entrepreneur daily

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® & 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

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at 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.

Editor's Pick

Related Topics

Science & Technology

These Are the Top 6 AI Threats to Your Business Right Now

The modern workforce is forever changed by artificial intelligence. If you fail to understand that we will all need to learn AI to some degree, you haven't been paying attention.

Business News

Here Are 3 Strategies Startup Founders Can Use to Approach High-Impact Disputes

The $7 billion "buy now, pay later" startup Klarna recently faced a public board spat. Here are three strategies to approach conflict within a business.

Business News

'This Can't Be True': Google Responds to Viral Hoax Claiming the Company Is Shutting Down Gmail

The fake news release started making its way around X on Thursday.

Business News

I Tested the 'Invest As You Shop' App to See If It Really Makes Investing Less Intimidating

Grifin is an app that tailors a user's investments to their spending habits. Now, the app is getting even more personal.

Business News

Vice Will No Longer Publish Content on Its Website, Lays Off Hundreds of Staffers

Vice Media CEO Bruce Dixon announced the news in an internal memo to employees on Thursday.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.