Tag: art world

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 […]

Treasury Department Focuses on Emerging Digital Art Market and NFTs

Earlier this month, the Treasury Department dropped its long-awaited announcement report in the art market, with the lackluster title “A Study of the Facilitation of Money Laundering and Terrorist Financing through the Trade in Works of Art”. The report, which was commissioned (ok, mandated) by the Anti-Money Laundering Act 2020, looked at the risks of […]

LA dealers discuss Frieze’s impact on the city’s art market – ARTnews.com

When Frieze announced in 2018 that it would launch a new art fair in Los Angeles the following year, the excitement was tinged with a whiff of skepticism. Could a major international art fair take place in a city as unruly, as changing, as sprawling as Los Angeles? At the time, Artnet News columnist Tim […]

We Are the Seeds Santa Fe is uncertain whether its native art market will continue this year | Local News

VSOlleen Farwell and her Dartmouth College roommate Tailinh Agoyo had not seen each other for some time when they reunited for a spa weekend in Santa Fe around five years ago. “I wrote this children’s book, and I would love to bring it to the world,” Farwell recalled, telling Agoyo. I will carry you is […]

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 Journal de l’Art is looking for an art market editor (maternity coverage)

The arts journal is looking for a journalist and editor with art industry experience to cover the current Market Editor’s maternity leave. This is a full-time, one-year contract, based in London, starting March 2022. Main responsibilities: • To supervise The art journal comprehensive coverage of the art market both in print and online, from antiques […]

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 […]

Phillips launches fiduciary services to help clients navigate the art market

Phillips started a branch of fiduciary services. Courtesy of Phillips Text size Phillips launched a fiduciary services arm in response to demand from collectors and their advisers to navigate the increasingly complex issues of the art market. The international team will be led by Phillips’ three general counsel, Martin Wilson and Mathilde Heaton, based in […]

The Art Market at a Glance: 5 Charts That Map the Biggest Changes in the Industry This Year

If a picture is worth 1,000 words, then a graphic should speak at least 3,000. At Artnet News Pro, we’ve worked to make sense of the wild and often obscure art market. Often the clearest way to do this is to track changes and trends with data. Below, we’ve rounded up five of our most […]

art market experts make their predictions for 2022

If the past two years have taught us anything, it’s that making predictions is a wild ride. But that didn’t stop us from asking various personalities from the art world to attempt such a mission. Several topics came up repeatedly: NFTs (what a surprise), industry collaboration, concerns over carbon emissions, and speculation about young artists. […]

Have price and value in the art market separated for good?

A cynic, as Lord Darlington put it so well in Oscar Wilde’s 1892 play Lady Windermere’s Fanis “a man who knows the price of everything and the value of nothing”. Distinctions between price and value have been a centuries-old concern of the collecting culture of the West, but in the present day they could hardly […]

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 […]

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) – […]

What was the art market like during the real roaring twenties? History offers lessons as we enter another decade of decadence

Gertrude Stein held lively salons in Paris. Diego Rivera traveled from Mexico City to Moscow to paint murals. Jacob Lawrence and Romare Bearden, whose families moved north as part of the Great Migration, fueled the vibrancy of the Renaissance from Harlem to New York. The 1920s were when “the world of modern art began to […]

How Streeth is changing the art market

NEW YORK, NEW YORK – MAY 12: People walk past the CryptoPunk (NFT) non-fungible digital art token … [+] displayed on a digital billboard in Times Square on May 12, 2021 in New York City. The image is part of SaveArtSpace’s “Pixelated” public art exhibit that will feature 193 CryptoPunks from Larva Labs on phone […]

Deciphering the Da Vinci Code of the Art Market

Authenticating works of art has never been an exact science. A recent notorious case concerns the famous Salvator Mundi. Possibly painted (at least in part) by Leonardo da Vinci, Salvator Mundi broke all previous auction records with its 2017 sale by Christie’s New York for over $ 450 million. The mysterious buyer turned out to […]

House Republicans investigate sale of Hunter Biden art

Republicans on the House Oversight and Reform Committee are investigating “possible undue White House influence” around the upcoming sale of Hunter Biden’s artwork, according to a letter from the committee’s top Republican. The letter, written by Congressman James Comer of Kentucky, asks Georges Bergès, the gallerist negotiating sales of Biden’s paintings, to provide the committee […]

8 Black Art Advisors Transforming the Art Market from Within

Alaina Simone worked in several galleries, including the GR N’Namdi gallery, before becoming an artist liaison officer, curator and member of the board of directors. She approaches her interdisciplinary career with reverence and respect for the artists she works with and the clients she sells to, and draws on her own artistic training. “I grew […]

Audemars Piguet Art Commission: The moon is leaving us by Phoebe Hui

Audemars Piguet has long been an enthusiastic supporter of contemporary art, believing that, like mechanical watches, works of art represent much more than what you can actually see. To put this philosophy into action, the Audemars Piguet Art Commission is a bi-annual event that celebrates art across the world. Every two years, an artist who […]

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 […]

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 […]

Rising demand for young artists fueled Sotheby’s Hong Kong’s $ 122.5 million contemporary art sale

Hopes were high as the Sotheby’s Contemporary Art Night Sale in Hong Kong approached on April 19. Asia last year proved to be a saving grace for the locked-down art industry, overtaking the United States as the world’s largest auction market. The latest Asian market test suggests demand remains broad and dynamic, but not frothy. […]

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 […]

Sotheby’s is hosting an NFT art sale by Anonymous Artist Pak

World-renowned auction house Sotheby’s plans to hold its first NFT art sale soon, according to its CEO. Sotheby’s goes crypto Sotheby’s, one of the world’s most famous auction houses, is set to hold its first-ever Non-Fungible Token (NFT) sale. The planned sale, which features popular anonymous digital artist Pak, will take place next month. The […]

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 […]

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 […]

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 […]

Phillips Contemporary Art Sale Raised $27 Million, Thanks to Shocking Six-Figure Price for Young Star Amoako Boafo

Phillips rounded out London’s winter contemporary art night sales on Thursday night with a passable £20.7million ($27million) auction that barely scratched its low estimate of 18.2million pounds sterling ($23.7 million). (As always, final prices include buyer’s premium, unlike pre-sale estimates.) Although the event was reasonably well attended, total sales (which had a high estimate of […]

Christie’s Contemporary Art Sale is a success and brings in $80.4 million

The Post-War and Contemporary Evening Sale at Christie’s was a big art deal of the week. After a week-long auction in Freize, the new set of artworks fetched Christie’s £65.2 million ($80.4 million). While the 41 coins sold this year brought in less money than last year’s 45 coins (which brought in a collective $109.5 […]

Signaling growing market ambitions, Sotheby’s is moving its sale of Australian Aboriginal art to New York this fall

A sale at Sotheby’s New York in November will mark the first time an international auction house has held a sale of Australian Aboriginal art in the United States. Sotheby’s is moving its annual Aboriginal auction from London to its new headquarters in New York, a move that signals the growing awareness of indigenous art […]

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 […]

Phillips London Achieves Strong $31.6M Contemporary Art Sale Despite Struggling Ai Weiwei

In a jam-packed week of contemporary art auctions held in London to accompany Frieze Week art fairs, Phillips found a spot on Friday afternoon, just before Christie’s main sale. Anticipating larger than usual crowds, the auction house moved from the basement to the larger ground floor showroom. The move certainly didn’t hurt. The £23.9 million […]

Impressionist and Modern Art Auction Christie’s

The sale, which included a separate catalog for surrealist works, was slightly lower than last February’s £147million sale. “It wasn’t easy,” commented Guy Jennings, managing director of the Fine Art Fund Group. “I would say the market has softened a bit. But it was stable. Jay Vincze, head of the impressionist and modern art department […]

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