Tag: contemporary art

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 […]

Phillips pledges funds for aid to Ukraine after his sale of contemporary art in London brought in $40 million

Against the grim backdrop of an escalating war in Ukraine, Phillips followed rivals Sotheby’s and Christie’s, hosting an evening sale of modern and contemporary art at its London headquarters that brought in 29.9 million pounds sterling ($40 million) on Thursday. The total surpassed the sum made at last year’s equivalent sale held in April, which […]

South Korea’s booming art market leads to increased sales of art investment books

A visitor wearing a mask walks past an exhibit at the National Museum of Modern and Contemporary Art in central Seoul on May 6, 2020. (Yonhap) SEOUL, March 4 (Korea Bizwire) — South Korea’s 1 trillion won ($823 million) art market is encouraging consumers to read more books on investing in art. Yes24, a leading […]

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 […]

The Startup Bringing the Art Market to Bay Area Investors

You might think that investing in works of art by Picasso and Basquiat is a pastime reserved for the ultra-rich. The startup masterpieces gives everyone the opportunity to take advantage of contemporary art as an investment opportunity, alongside famous collectors like Bill Gates and Oprah Winfrey. Masterworks is the first and only platform dedicated to […]

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 […]

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 […]

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 – […]

Sotheby’s Milan presents an eclectic contemporary art sale

Sotheby’s is delighted to present Contemporary Art, which brings together an eclectic selection of works by established masters alongside emerging artists, thus opening a dialogue between different generations. Works by international icons such as Andy Warhol, Carlos Cruz-Diez and Damien Hirst will be presented alongside renowned Italian artists such as Alighiero Boetti, Mario Schifano and […]

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 […]

Skinner Modern and Contemporary Art Sale Set for November

Skinner Auctioneers will hold a live auction of modern and contemporary art on Friday 12e November 2021. The sale will showcase a diverse selection of Asian, American and European artists whose careers span from the beginning of the Impressionist period to the contemporary market today. The sale features notable examples of acclaimed artists working outside […]

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 […]

The contemporary art market rebounds with record sales

After the beatings sustained in spring 2020 by the Covid-19 crisis, the contemporary art market has jumped, with $ 2.7 billion in auctions recorded between June 2020 and June 2021, according to Artprice, which released its annual report on Monday. The record figure follows the 36 percent drop hit the market in the first half […]

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 […]

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 […]

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. […]

How collectors can advocate for a more climate-friendly art market

Many prominent collectors have a platform and an audience, and they can keep the conversation going on climate change. Born from the TBA21 collection by Francesca Thyssen-Bornemisza in Vienna, TBA21-Academy is a contemporary art organization whose mission is to raise awareness about the preservation of the world’s oceans. For co-founder Markus Reymann, if the rise […]

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 […]

Preview of the sale of traditional, modern and contemporary art at Larasati Bali – Art & Culture

Richard Hortsman (Jakarta Post) Bali ● Fri 30 April 2021 2021-04-30 21:46 258 9a83ea3b2805adb41e1c26538e3b241e 1 Art & Culture larasati,art,auctions,auctions To free A fascinating aspect of Balinese art is how Indonesia’s first president, Sukarno (1901-1970), used images of Bali as a powerful political tool. An avid art collector whose mother was Balinese, Sukarno adopted images inherited […]

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 […]

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. […]

Phillips and Poly Auction join forces in contemporary art auction in Hong Kong and Beijing

Gerhard Richter’s Abstraktes Bild (940-7) could fetch up to HK $ 95 million. Uncredited Text size Phillips and Poly Auction have teamed up to present their major spring auctions in a new duo format. The twentieth-century and contemporary art and design sales of the two houses will be held simultaneously in Hong Kong and Beijing […]

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 […]

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, […]

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 […]

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 […]

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 […]

How to buy art, invest in cheaper masterpieces from a 20 year old collector

Investing in art, long considered an exclusive business for the ultra-rich, is being democratized by a startup called Masterworks. The platform allows people to buy “stocks” of paintings that would individually cost several million dollars. Founder Scott Lynn brought 20 years of art collecting experience to the company and shared his advice for potential investors […]

Art Department Chair Receives Prestigious South Carolina Art Commission Fellowship Clemson News

September 9, 2019 CLEMSON — Valerie Zimany, chair and associate professor in the art department at Clemson University, has received a 2020 Artist Fellowship from the South Carolina Commission on the Arts. Through the scholarship, the Arts Commission recognizes and rewards the artistic achievements of outstanding individual South Carolina artists. “These rewards can be […]

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 […]

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 […]

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 […]

Portinari tops Christie’s Latin American art sale

NEW YORK: A dreamlike painting of children releasing kites by Brazilian Candido Portinari sold for $1.4 million at Christie’s Latin American art sale and set a world record for the artist. Portinari’s 1941 Meninos Soltando Pipas was the top seller of the Wednesday night sale, which totaled $16 million and set benchmarks for other Latin […]

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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