Department of the Treasury publishes an AML study on the art market | BakerHotelier
On January 1, 2021, Congress passed the Anti-Money Laundering Act of 2020 (AMLA) which expanded the definition of “financial institution” to impose anti-money laundering (AML) requirements on persons “engaged in the business of antiques, including an adviser, consultant or other person who engages as a business in the solicitation or sale of antiques.[1] AMLA also […]
Unleashing AI in the Art Market with Roman Kr
image: Roman Kräussl – University of Luxembourg see Following Credit: University of Luxembourg Train a neural network to evaluate art In this study, which combines the fields of finance and computer science, researchers used machine learning and artificial intelligence to create a neural network algorithm that mimics the work of human evaluators by generating price […]
The Irish art market ends the year in good shape
A hammer price of €160,000 for a small oil painting by Jack B Yeats at the James Adam sale in Dublin last week is a testament to the health of the Irish art market as 2021 draws to a close. Through the streets to the hills measures just 9 inches by 14 inches and easily […]
Invisible Goldie comes out of hiding for art sale after 100 years
Wednesday, November 17, 2021, 6:52 a.m.Press release: International Art Center A $56 Goldie painting purchased as a wedding gift by a wartime nurse for her husband shortly after returning from combat in World War I, will go on public display for the first time in over 100 years when it is put on display. sale […]
Henry Scott Tuke paintings in Cornwall sold at Truro Art Sale
Two paintings by a renowned Falmouth artist were both sold at Lodge and Thomas’ latest art sale. The Truro Fine Art Auction House kicked off last week with its first fine art auction, which saw a number of pieces sold well above their benchmark prices. Two paintings by famous artist Henry Scott Tuke, “Bather by […]
Magnus Resch’s Online Courses in the Art Market Inspire a New Generation of Collectors
Navigating the art market can often feel like walking through a maze that, by design, only a select few have a map to. Magnus Resch – art market economist, Yale professor, serial entrepreneur, and best-selling author of six books on the art market, including the recently published How to become a successful artist (2021) – […]
Guy Farmer: Hunter Biden’s Secret Art Sale
By Guy W. Farmer Saturday, July 31, 2021 Why would anyone pay up to $ 500,000 for a painting by a hitherto unknown American artist named Hunter Biden? The mainstream media doesn’t ask that question, so I will.A New York art gallery owner will auction Hunter’s works to anonymous buyers for prices ranging from $ […]
Fashion icon Anna Dello Russo is curator of the contemporary art auction at Sotheby’s in Milan
Futurismo rivisito by Mario Schifano Courtesy of Sotheby’s Text size Italian style icon Anna Dello Russo has lent her creative vision to Sotheby’s, selecting a selection of contemporary art that the auction house will offer next month in Milan. Russo, 59, editor-in-chief of Vogue Nippon, is known the world over for her eccentric street fashion. […]
$ 103 million. Picasso leads Christie’s new 20th century art auction – ARTnews.com
Christie’s follow-up to its new 21st century art sale, which grossed $ 211 million on Tuesday, was a slightly larger 20th century art auction with 50 lots and a pre-sale estimate of over 345. millions of dollars. Covering works made between 1880 and 1980, the auction totaled $ 481.1 million, with just one lot unsold. […]
Overview of the sale of traditional, modern and contemporary art in Larasati Bali – art & culture
Richard Hortsman (The Jakarta Post) Bali ● Fri 30 April 2021 2021-04-30 21:46 254 9a83ea3b2805adb41e1c26538e3b241e 1 Art & Culture Larasati, art, auction, auction-sale To free A fascinating aspect of Balinese art is the way Indonesia’s first president, Sukarno (1901-1970), used images of Bali as a powerful political tool. A passionate art collector whose mother was […]
Covid lockdown is a blessing in disguise for the art market – The New Indian Express
Express news service In recent quarters, the art world has recorded astronomical auction prices for master pieces. Galleries such as Saffronart, Pundoles and others have seen collectors pay unprecedented prices for works.Ashvin Rajagopalan, director of the Piramal Foundation of Art, says that “The production of works of art was initially limited. But now artists are […]
The younger generation dives into the art market
Visitors to the annual Galleries Art Fair 2020 view works by visual artist Julian Opie. (Korea Gallery Association) Appreciating art in galleries and exhibitions is pure bliss for Jeong Hye-young, a 35-year-old office worker in Seoul, not only because it takes her mind off her stressful work life, but also because she sees how the […]
Hong Kong art market comes back to life with record sale of $ 41.9 million
The Hong Kong art auction market is showing signs of a return to post-pandemic life with the sale on Tuesday of the most expensive Western artwork to ever be auctioned in Asia. “Warrior,” a painting by Jean-Michel Basquiat (1960-1988), an American artist of Haitian and Puerto Rican descent, was sold in a Christie’s single lot […]
Freeman’s best-selling artwork since 2004 hits $5.2 million
The best-selling highlight of the sale was “The Melody Stilled by Cold” by Norman Rockwell (1894-1978). The work sold for $519,000 to a private collector, exceeding its high estimate. PHILADELPHIA – Freeman’s December 6 American Art and Pennsylvania Impressionists Auction realized more than $5.2 million, posting the best result for an American art sale that […]
Minneapolis College of Art and Design’s Annual Art Sale Goes Virtual
Above: Kass Mossefin’s artwork is available at the MCAD Art Sale. Art is always for sale. You just won’t be able to see it in person until curbside pickup. To stay safe from COVID, the Minneapolis College of Art and Design is going virtual with its popular annual sale of original works by 225 recent […]
Sotheby’s organizes a major sale of indigenous art in New York
To add a few names, one of the most famous American collectors of Australian Aboriginal art is actor and comedian Steve Martin, while pop star Beyoncè and her husband Jay-Z have also acquired works by Australian Aboriginal artists. “At this stage, no major blockbusters have been consigned, but that could change,” says Klingender. Sotheby’s had […]
On the success of virtual actions like the Pundole art sale
Pundole’s artwork sale last week is one of many successful virtual auctions during the pandemic. Is there an explanation? A torrential downpour, howling winds and even a pandemic couldn’t dampen the enthusiasm of eager buyers at Pundole’s art sale last week. The Mumbai-based auction house sold 98% of its 64 lots, at a hammer price […]
Christie’s breaks record for highest-grossing art sale on blockchain
After causing a sensation in the art world with the sale of an AI-produced portrait, famous art auction house Christie’s is once again making headlines, but this time for recording the most lucrative art sale on the blockchain to date, CCN reports. Last week’s sale of the Barney A. Ebsworth collection brought in a staggering […]
Katara art sale breaks region’s records
Auction in progress at the Sotheby’s contemporary art sale in Katara. DOHA: Sotheby’s Contemporary Art Doha Sale set the highest price for a contemporary art auction in the Middle East region, reaching a total of $15,199,750 and selling 89.1% per lot during the Tuesday sale at Katara. Records were set for nine artists, including a […]