Tag: art sales

Young collectors, new outlets contribute to the continued growth of the Korean art market

A preview of the 2021 edition of the Galleries Art Fair. The 2022 edition of Korea’s oldest art fair will kick off next Wednesday at the Setec Convention Center in Gangnam, southern Seoul. [THE GALLERIES ASSOCIATION OF KOREA] The boom in the Korean art market is expected to continue this year, driven by young collectors […]

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 […]

Buying Art Online, Newcomers and Blockchain

Post views: 115 The art world is an extraordinary and creative sector in constant evolution. A market that until a few years ago was exclusively limited to collectors and local auctions, something that repeatedly turned to a few market niches. Then, technologies and digital breakthroughs have completely revolutionized this sector as well as the entire […]

Forbes India – Art: China continues to conquer the art market

Chinese paintings, calligraphy, antiques and porcelain still dominate auction halls, but the report notes growing interest in oil paintings and contemporary art. Image: Isaav Lawrence/AFP AAlthough landlocked, China is becoming a colossal engine of art. Auctions in the country accounted for 36% of the global market in 2020, according to a recent report – […]

The art market has changed radically. Here’s how to buy art today

Written by Jacqui Palumbo, CNN For a long time, the art market has been “a secret world of whispers” according to art consultant Kim Heirston, who began her career working in New York’s downtown galleries three decades ago. Then, as archivist for the late gallerist Robert Miller, she saved and shared only documents essential to […]

Young emerging artists are propelling the art market skyward

What is clear from recent major contemporary art sales is that booming stock markets and low interest rates are pushing collectors to spend, and they seem to be more interested in works by younger artists. and more diverse. In London earlier this month, nine of the 10 Best Performing Works of Art, that is, pieces […]

Did the Nazis force an art sale? The question persists 88 years later.

The Nazi authorities dismissed Curt Glaser from his post as director of the Berlin Art Library in April 1933 because he was Jewish. He was also evicted from his home and, the following month, sold most of his art collection in two auctions. Since 2007, 13 private collectors or institutions – including the Dutch Restitution […]

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 […]

$ 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. […]

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 story of the Berkshire Museum art auction comes to the symposium circuit. Critics Denied Place on Panel | Local news

At an online symposium this week, two former Berkshire Museum executives – Van Shields, its executive director, and Elizabeth McGraw, its board chair – are expected to discuss the institution’s 2018 art sale . EAGLE FILE PHOTO PITTSFIELD – Although Van Shields and Elizabeth McGraw are no longer at the Berkshire Museum, they will come […]

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, […]

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 […]

Sotheby’s will hold the first major sale of Aboriginal art in the United States in November

Sotheby’s will relocate its Aboriginal art sales from London to New York in November, becoming the first international auction house to offer Australian Aboriginal art outside Australia or Europe. The move comes amid heightened global interest in this area of ​​collecting, said Timothy Klingender, the auction house’s senior consultant for Australian art. Klingender said Sotheby’s […]

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 […]

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