Tag: digital art

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 […]

Treasury identifies art market money laundering as a concern

On February 4, the Financial Crimes Enforcement Network (FinCEN), an agency of the United States Department of the Treasury (the Treasury), released its long-awaited study on the facilitation of money laundering and the financing of terrorism through the trade in works . of art (studies). The Anti-Money Laundering Act of 2020, signed into law on […]

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 […]

Trail of Tears Art Show and Sale with Cherokee Art Market Youth Competition Returns April 2-30 | News

TAHLEQUAH – Artwork is being accepted for the 51st Annual Trail of Tears Art Exhibit and Sale. Oklahoma’s oldest Native American art exhibit and competition will be on view April 2-30, both virtually and in-person. Through the Jury Exhibition, artists compete for more than $15,000 in the following categories: painting, sculpture, pottery, basketry, graphics, jewelry, […]

Trail of Tears Art Exhibit and Sale with Cherokee Art Market Youth Competition Returns April 2-30

TAHLEQUAH, Okla. — Artwork is now accepted for the 51st Annual Trail of Tears art exhibition and sale. Oklahoma’s oldest Native American art exhibit and competition will be on view April 2-30, both virtually and in-person. Through the Jury Exhibition, artists compete for more than $15,000 in the following categories: painting, sculpture, pottery, basketry, graphics, […]

Overview of Blockchain Tokens and the Effect of Crypto Art on the Art Market

To print this article, all you need to do is be registered or log in to Mondaq.com. Despite some early flirtations with blockchain technology.1 it wasn’t until early 2021 that the art market finally sank its teeth into the complex digital world of blockchain technology. Although “no “fungibles”, “NFT” for short, have gained notoriety in […]

NFTs in the art market: can creators of digital artworks claim a resale right?

A digital image NFT titled ‘EVERYDAYS: THE FIRST 5000 DAYS’ sold at Christie’s for US$69.3 million in 2021. Other spectacular NFT sales have since followed. This development opens up new opportunities for artists. They can trade their works in new markets and offer them to a wider audience. Due to the growing popularity of NFTs, […]

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 […]

Beeple’s First Physical Art Sale Raises US $ 29 Million at Auction with NFT | Taiwan News

TAIPEI (Taiwan News) – American digital artist Beeple released his very first physical artwork titled “Human One” with his non-fungible token (NFT), earning US $ 29 million (NT $ 807 million) in of Christie’s 21st Century Art Evening Sale in New York on Tuesday (November 9). Beeple’s NFT video of “Human One” earned him 6,103 […]

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 […]

Pollsters betray green values ​​by participating in NFT art sale

MLS plans to enter the world of non-fungible tokens this weekend, with two live art battles taking place on Friday afternoon – one between artists representing the Timbers and Galaxy, and the other between artists representing the Sounders and Atlanta United. The resulting digital artworks will then be auctioned off as NFTs. Whatever you think […]

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 […]

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