Tag: works 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 […]

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 […]

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 […]

Londoner’s Diary: The British Museum defends its entry into the digital art market

J he British Museum has defended its decision to enter the NFT market after a scathing attack from an art expert. Last week, expert Bendor Grosvenor wrote in The Art Newspaper that the museum is “depreciating” by entering the NFT market, giving “cultural validity to meaningless reproductions”. Grosvenor argued that the museum could “live to […]

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 […]

US study finds additional art market regulation not needed now

Responding to concerns that the art market has become a breeding ground for illicit financial transactions, the Treasury Department released a study on Friday that says that while it has identified some vulnerabilities, it does not recommend immediate intervention. government to put in place new regulations. The study cited evidence of money laundering using high-end […]

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 […]

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 […]

The ‘Under The Bed’ cheap original art sale returns to the Cupola Gallery in Sheffield this month

Cupola Gallery’s traditional ‘Under The Bed’ sale was unable to take place last year due to Covid restrictions, but is back in its traditional timeslot from today until January 5. Organizers say prices for items that will be on sale range from £1 to £350. Read more Read more Sheffield artist recreates popular woodcut ‘live’ […]

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, […]

NFTs reached a $41 billion market in 2021, approaching the size of the fine art market

The size of the market for digital collectibles known as NFTs is catching up with that of the traditional art market. By the end of 2021, the market for non-fungible tokens, which are digital works of art related to blockchain technology, reached a value of $41 billion, according to blockchain data firm Chainalysis, which updated […]

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 […]

Tyeb Mehta’s Never Auctioned Works to Headline ‘Modern Indian Art’ Sale – Jammu Kashmir Latest News | Tourism

NEW DELHI, December 18: Two masterpieces by Indian modernist Tyeb Mehta will debut at the upcoming Astaguru Modern Indian Art Sale.The auction, which will be held on December 27 and 28, will also feature works by avant-garde Indian painters, including MF Husain, FN Souza and Krishen Khanna, the online auction house announced.“It gives us immense […]

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 […]

Whidbey Art Market returns November 26-27

The creator behind a Nov. 26-27 market showcasing artwork hopes shoppers see value in buying locally this holiday season. Earlier this year, painter and photographer Kim Tinuviel invited Whidbey artists to join the Whidbey Art Market, which hosted a series of pop-up events at different locations across the island. The opportunities provided an opportunity for […]

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) – […]

Rugby player turned collector organizes contemporary African art sale for Sotheby’s London

Maro Itoje has organized a selection of contemporary works of art, mainly works depicting black subjects, for the Sotheby’s sale in London from November 4-10. Courtesy of Sotheby’s Text size Maro Itoje, an English rugby player who has collected African art since 2014, has organized an edition of portraits of contemporary African artists and works […]

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 Recorder – Shelburne Falls Harvest Makers and Art Market will offer locally made goods, fundraiser for humanitarian society

SHELBURNE FALLS – Featuring three new vendors, the second annual Harvest Makers and Art Market held outdoors at The Mill in Shelburne Falls will return on Saturday, October 2 from 10 a.m. to 4 p.m. The market was first held in 2020 and features the work of resident manufacturers and guest suppliers. Additionally, Saturday will […]

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 […]

Art Association of Oswego to Host Member Exhibit, Small Art Sale, Raku Rendezvous | arts and entertainment

OSWEGO – The Art Association of Oswego has three upcoming events scheduled for July. The first will be the 31st Annual AAO Member Art Exhibition, which will be held from July 17 to August 15. There is an open call for members of the local community to submit original artwork for inclusion in this exhibition. […]

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 […]

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 […]

Lock-Up Art Sale is a Good Opportunity to Recoup Top Talent Investment | Newcastle Herald

news, local news, The Lock-Up, James Drinkwater, Michael Bell, Lucas Grogan, Newcastle art It’s back in force. Find yourself a Drinkwater, or Bell, or Gardiner, or Marti, or Grogan. The Lock Up creative space in Hunter Street, Newcastle East, will launch Collect, its annual fundraising art exhibit, Friday at 5:30 p.m., featuring for sale over […]

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, […]

Working and traveling in Europe – support for the visual arts, the art market and museums

This checklist is designed for museum professionals, artists (or those involved in art trade or exhibition) who wish to work, travel between art fairs or visit an EU country, the Switzerland, Norway, Iceland or Liechtenstein. Further information and support is available through the Export Helpdesk, accessible online or by calling the hotline on 0300 303 […]

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 […]

How the Chinese art market embraced NFTs

Despite China’s readiness for new technology, which encompasses the ubiquitous use of QR code, mobile payment, and live streaming, cryptocurrencies remain a gray area in the Chinese regulatory environment. In 2017, China ruled crypto-based fundraising processes involving initial coin offerings (or ICOs) illegal, and crypto-related companies have been operating on tiptoes ever since. But in […]

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 […]

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 […]

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 […]

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 […]

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 […]

Modern Indian art sale: Never-before-auctioned works by Indian modernists have gone under the hammer

Several works of art by Indian modernists, including VS Gaitonde and Tyeb Mehta, will be put under the hammer for the very first time at AstaGuru’s upcoming modern Indian art sale, the auction house has announced. Scheduled online on March 30 and 31, the auction will feature a carefully selected set of 30 masterpieces. “The […]

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 […]

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, […]

Delfina Delettrez Fendi and Sotheby’s collaborate on a contemporary art sale in Milan

Delfina Delettrez Fendi has selected 15 works of art to be included in the “Contemporary Curated” at Sotheby’s in Milan. Courtesy of Sotheby’s Text size The first edition of Sotheby’s “Contemporary Curated” in Milan, in collaboration with Italian designer and jeweler Delfina Delettrez Fendi, is now open for online auction and will last until December […]

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 […]

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 […]

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 […]

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 […]

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