Tag: art auction

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 […]

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) – […]

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 […]

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 […]

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 […]

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