Lucy Sparrow is a U.K.-based artist known for her work recreating every day items out of felt fabric with little smiley faces. At last year’s Scope Art Show in Miami Beach, Sparrow turned her booth into an entirely felt—and adorable—delicatessen and bagel shop.

Leonard Hochstein is still going to be able to throw an exclusive Nylon magazine bash, but with new restrictions.

Art Basel is more than just an art show, it's an economic powerhouse, generating an estimated $500 million in local impact.