Tag: art market

In detail: How Young Money is changing the art market in Hong Kong

Sotheby’s senior auctioneer Ian McGinlay drew the attention of the sparsely populated downtown Hong Kong room, calling “Going once.” I go there twice! before slaughtering his hammer on “Sheng Shi Xue” by Franco-Chinese artist Chu Teh-Chun. After more than 70 bids and more than 20 minutes of deadlocked bidding, thunderous applause resounded in the auction […]

The Recorder – After a successful fall season, Makers and Art Market in Shelburne Falls returns for a spring event

Posted: 7/5/2021 15:20:20 PM SHELBURNE FALLS – Following a successful fall 2020 season, the outdoor Makers and Art Market located at The Mill in Shelburne Falls will be back on Saturday, May 15. Held from 10 a.m. to 4 p.m., the market will feature works of artisans and resident artists in the wood, glass, pottery, […]

Can the London art market rebound?

Excerpt from the May 2021 issue of Apollo. Preview and subscribe here. With fairs canceled and galleries closed over the past year, London’s art market is a shadow of its former self. Will the city experience high attendance again, or are virtual viewings and dwindling sales here to stay? Below, art dealers Stephen Ongpin and […]

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 […]

Charles Bronson to invest in Bitcoin with crypto-art sale and wants Elon Musk to buy one

Britain’s most notorious prisoner Charles Bronson is set to auction a limited number of his works as NFTs (non-fungible tokens) in the crypto-art market, and he dreams of selling a day one of his works to billionaire Elon Musk. An NFT – in relatively simple terms – is a kind of unique digital certificate that […]

What you need to know about DailyCoin

Navigating the Crypto Art Market: What You Need to Know Like stocks, bonds, gold or Bitcoins, art has value. Last year, symbolic or crypto art made waves in art communities and mainstream culture as it grabbed headlines around the world – but is there any tangible value in it? crypto art? Professional artists and amateurs […]

The art market is “at high risk” for money laundering, so ignore the new regulations at your own risk.

Having worked at Sotheby’s for 30 years and married to an antique dealer for 20 years, I appreciate how art specialists dread the words “Anti Money Laundering Compliance”. However, ignoring MLA compliance is not an option in the UK and is no longer optional as of January 10, 2020. It’s just one of those things […]

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 […]

SAACA Spring Art Sale Returns With Reduced Capacity | Brighten up

Throughout the pandemic, the Southern Arizona Arts and Cultural Alliance has worked to provide opportunities for local artists, one of the hardest hit industries. Now, as Arizona’s COVID cases approach their third consecutive month of decline, SAACA is hosting its biggest event since quarantine began over a year ago. What was previously known as the […]

Art market shrank 22% in pandemic year, study finds

Global sales of art and antiques in 2020 are estimated to have declined by 22% from the previous year, according to the latest annual report Art Basel and UBS Art Market report, published Tuesday. The 359-page report, the most comprehensive analysis of the effect of the coronavirus pandemic on the international art trade to date, […]

Christie’s Hopes to Open a New Frontier of the Art Market with the First-Ever Major Auction of an All-Digital Blockchain Artwork

Given the relentless buzz surrounding non-fungible tokens (or NFTs) lately, it was only a matter of time before the excitement spread across the art industry. This time has come. Christie’s has announced the sale of the very first pure digital artwork to be auctioned: Daily — The first 5,000 days by Mike Winkelmann, who is […]

Sharp increase in art sales as records continue to be broken

This report matches data from many of the world’s largest art dealers, including West Park Gallery, which has been running online auctions for april 2020. “I think we are seeing a fundamental change in the way people buy art,” said Park West Founder and CEO Albert Scaglione. “There are many benefits to the online experience, […]

Phillips Contemporary & 20th Century Art Sale Breaks Artist Records, Totals $134.6 Million

Amy Sherald, The Bathers, 2015, grossed an artist record $4,265,000.Phillips Five New auction records for Kehinde Wiley, Mickalene Thomas, Amy Sherald, Jadé Fadojutimi and Vaughn Spann New York, December 7, 2020Total evening sale: $134,583,400 / £100,426,133 / €110,977,472 Edward Dolman, CEO of Phillips, said: “Tonight marks an amazing achievement for Phillips where we achieved the […]

the year of cancellation culture and bricks and clicks

There are many words that could describe 2020. Few are printable. It was a bit like making an army obstacle course blindfoldedAs Melanie Clore, co-founder of Clore Wyndham art Advisory puts it. In January and February, the coronavirus was widely – foolishly – viewed in the West as an Asian problem. The big question was […]

Artnet Talks: Why New York Collectors Dominate the Art Market Now and After the Pandemic

Artnet Talks is a new series of live conversations between artists, curators, gallery owners and art professionals that brings an in-depth dimension to our usual coverage of the biggest stories in the art world. A conversation between: art advisor Wendy Cromwell, creative business strategist, and collectors Victoria Rogers and Susan Hort, moderated by Artnet News […]

Support local artists with next week’s Under $100 Art Sale – LacombeOnline.com

UPDATE: The Art Under $100 Market has been canceled due to the province’s evolving restrictions on social gatherings. The Under $100 Art Market will still be in operation for this year’s upcoming Light Up the Night activities, provided there are no new restrictions to reduce the spread of COVID-19 that prevent the city to host […]

Kamala Harris Hosts Biden Campaign Art Sale

More than 100 well-known artists and estates, facilitated by approximately 50 galleries, donated works to a fundraising event in support of Joe Biden’s presidential campaign. The online sale, hosted by gallery owner David Zwirner on platform.art, kicks off with a videoconference with Kamala Harris, Biden’s running mate, on September 29. Tickets for this opening event […]

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 […]

How Christie’s so-called ‘AI-generated’ art sale proves documents can distort history (and other information)

Every Monday morning, artnet News brings you The Gray Market. The column decodes important stories from the previous week and offers unparalleled insight into the inner workings of the art industry in the process. For this edition, three thoughts on the most mind-boggling story of the week… SHORT CIRCUIT On Thursday, a gold-framed canvas print […]

Reviews | Want to get rich by buying art? Invest in women

When asked about discrimination against women artists, abstract expressionist Lee Krasner said the prejudice is as old as Judeo-Christian history. Dismissing the weight of that realization, she added, “I can’t do anything about these 5,000 years.” She paints anyway, as do women throughout the ages who have continued to create despite official disdain. Centuries and […]

Sotheby’s offers spring auction of abstract art in New York Latam

NEW YORK – Works by Colombian artist Fernando Botero, Cuban artist Wilfredo Lam and Mexican painter Rufino Tamayo are set to be among the highlights of Sotheby’s Latin American spring art auctions. next week, which will also include a special abstract art sale. Tamayo’s family-owned ‘La Familia’, which has just hit the market, is expected […]

Rothko leads a record sale of contemporary art

NEW YORK – In a wave of auctions unprecedented in the history of the art market, Christie’s sale of contemporary art on Tuesday evening brought in $ 388.5 million, the highest amount ever recorded in this domain. A world auction record was set for a contemporary work of art when Mark Rothko’s “Orange, Red, Yellow” […]

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