Miami's extravagant Art Basel reflects art's new economics
Video duration: 7:52
This past weekend, Miami hosted Art Basel, the largest art fair in the country. The annual event draws people from across the globe: this year, 269 galleries from 29 countries participated. While the Zika scare may have suppressed attendance slightly, the festival drove plenty of discussion, including about politics and the dramatic sales growth of very high-end art. Jeffrey Brown has more.