Pablo Picasso: Spring Market Report
April 16, 2021 Kristian Carey With the spring auction season accelerating and high profile May sales fast approaching, ARTBnk examined Pablo Picasso’s Q1 2021 sale results from Christie’s, Sotheby’s and Phillips to offer a clearer picture of the current status of the artist’s market. With newsworthy sales on the horizon, we’ll examine exactly how the…
Read MoreThe Blobification of the Art Industry: How Lockdown Has Accelerated the Blurred Lines Between Galleries and Auction Houses
As they compete for art market dominance, auction houses and galleries are increasingly adopting one another’s sales strategies. Naomi Rea & Kate Brown, April 13, 2021 In February last year, a group of art-dealing titans went public with an unusual proposition—they would team up and sell the storied collection of the late philanthropist Donald Marron. The move was a shock…
Read MoreLondon Galleries Prepare for 12 April Reopening
Many galleries struggled with their doors closed, and not just financially. But they also adapted new ways of showing and selling art. Installation view of Paul Feeley: Space Stands Still (2021) at Waddington Custot, London. Courtesy the artist and Waddington Custot. Photo: Rob Harris. Commercial galleries in England will be able to reopen to the public from…
Read MoreArt Basel Hong Kong Confirms Over 100 Galleries For Its 2021 Fair
Art Basel has announced that 104 galleries from around the world will participate in Art Basel Hong Kong, which is set to run from May 19 to 23 at the Hong Kong Convention and Exhibition Centre. Ongoing travel restrictions mean that 56 galleries who have committed to a booth at the fair will not be able to attend the…
Read MoreRise of the Cyborg Art Dealers: How the Art Market Is Preparing to Adapt to a Hybrid Online-IRL Future
After 2020, here’s what has changed, what will stay the same, and what’s left to innovate in all corners of the art market. Eileen Kinsella, April 5, 2021 “Imagine a world where you could not fly around the globe anymore. How would you conduct business?” That was the “thinking-out-of-the-box” assignment that a consultant gave Phillips executives…
Read MoreHow New Anti–Money Laundering Laws Will Affect Art Collectors
Partly in reaction to these revelations, governments in the U.S. and the European Union have been reporting on, consulting about, and legislating new anti–money laundering legislation (AML) to reflect the complexity of a modern, globalized financial system that is increasingly intertwined with technology. On January 1, 2021, the U.S. House and Senate voted through a bill to extend the rules of the 1970…
Read MoreWHAT CAN GALLERIES LEARN FROM ONLINE COLLECTORS?Exploring the potential of the digital art market from a consumer perspective
The art market has always been an enigma. It is unlike any other industry. But the pandemic has become the great equalizer, disrupting many traditional business models. Cancelled events, travel bans, and the loss of foot traffic have forced the art world to adapt almost overnight. Fortunately, galleries, auction houses and fairs reacted with great…
Read MoreWhy KAWS’s Global Success May Well Be a Symptom of a Depressed Culture, Adrift in Nostalgia and Retail Therapy
How to make sense of the popularity of an artist known for sad cartoons and collectable toys? Ben Davis, March 3, 2021 The Brooklyn Museum show, “KAWS: WHAT PARTY,” does a good job taking KAWS seriously but not too seriously. They could have wasted a lot more time making overblown claims about the work’s profundity to…
Read MoreDamien Hirst Declares ‘I Love the Crypto World’ and Offers to Sell His Artworks for Robo-Money
Artnet News, February 26, 2021 ART MARKET Damien Hirst Will Accept Cryptocurrency for New Print Run – The artist is offering a new series of prints that collectors can buy for $3,000 apiece or with cryptocurrency—roughly .058 BTC or 1.8 ETH. “I love the crypto world and I am happy and proud to put my belief into…
Read MoreArt market outlook 2021: Agata Becker
February 12, 2021 That which does not kill us, makes us stronger. This eloquent aphorism has never felt more accurate than over the past year, which we might forever condemn as one of the worst in the post-war history, writes Agata Becker, founder Agart. If anyone had told you five years ago that you were…
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