Bank of America Private Bank at Miami Art Week

Katy Knox:

Tonight is a very exciting night we're welcoming our clients to Art week Miami. It always feels so inclusive here with a deep, deep understanding of the cultural significance of arts. 

It feels great to be back. We've obviously as a company been here for a very long time and have a significant presence here and wonderful clients all over South Florida.

Throughout my time at the bank I've had the unique opportunity to be involved in a lot of the work that we do through our art program. We support over 2,000 nonprofits. Well it really starts with the Rubell family and the relationship that we've had with Mera and Don and Jason for several decades. And now we have the opportunity to see first-hand the impact that the museum and the family has made on this local community and several other communities around the world. 

The partnership means a lot to us and frankly it’s more than a partnership it's a friendship

Important Disclosures

The views and opinions expressed are those of the speakers as of 11.29.21, are subject to change without notice at any time, and may differ from views expressed by Bank of America, Merrill or other divisions of Bank of America Corporation.

Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”). Trust and fiduciary services and other banking products are provided by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A.

Investment products:

© 2022 Bank of America Corporation. All rights reserved. – 4327990 | 2/16/2023

Evan Beard:

Two big trends that the Art Market will be monitoring during Miami art week.

The first are macroeconomic trends. We’re coming off the major evening auctions in New York City which were really through the roof and there's a feel right now that low interest rates, really strong Capital markets globally, and you know monetary policy that's really inflationary is driving a lot of capital into art. Will that continue?

The second big trend that people are monitoring are the curatorial trends. Miami art week is really a chance to get your finger on the pulse to understand “what are those key art trends and collecting trends?” 

We've seen a lot of action in young female figurative artists. We've seen a lot of action in young identity driven artists like African diaspora artists, and you know, we're trying to understand is that going to continue or are we going to get back into a period where you know some of the more young abstract artists become hot or we start to look back at some overlooked artist even of the last 10 or 15 years.  So this is the time to do it at the art fair and trying to figure out kind of who's hot who's being represented by who and who's buying what. 

Important Disclosures

The views and opinions expressed are those of the speakers as of 11.29.21, are subject to change without notice at any time, and may differ from views expressed by Bank of America, Merrill or other divisions of Bank of America Corporation.

This is presented for informational purposes only and should not be used or construed as a recommendation of any service, security, or sector.

Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”). Trust and fiduciary services and other banking products are provided by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A.

Investment products:

© 2022 Bank of America Corporation. All rights reserved. – 4331772 | 2/16/2023

Don & Mera Rubell Q&A Transcript

Mera: I love sharing our art with the world.

Don: It’s payback; we go all over the world looking at art and now we let them come to us. It's about finding the magic of the object. I mean it’s there’s no magic hidden agenda. Everyone has to go look and they have to see and they have to see what speaks to them, what makes them upset, what teaches them something.

We love the ideas of the young. We love the passions of the young. We love what we can learn from the young artist. 

Mera: Also Don, it’s pretty thrilling when we discover a new artist. I mean, that thrill never goes away this is like  it's like looking at an athlete and say looking at an athlete at the age of 12 and saying Boy this kid is going to be number one in the world.

Don: We have 7,000 objects in the collection you know how do we choose which 300 or so we're going to show this year this six-month period. Think I don't know it just feels relevant at that time.

Mera:  Every day I feel the miracle of my life and I feel so grateful for being in a place where a miracle like this can happen.

Important Disclosures

The views and opinions expressed are those of the speakers as of 11.29.21, are subject to change without notice at any time, and may differ from views expressed by Bank of America, Merrill or other divisions of Bank of America Corporation.

Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”). Trust and fiduciary services and other banking products are provided by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A.

Investment products:

© 2022 Bank of America Corporation. All rights reserved. – 4331778 | 2/16/2023