Tag: artnet news

Collectors have an ethical responsibility to keep the art market fair. Here are 8 key rules to hold them accountable

Over the centuries, collectors have played a positive role in supporting artists and artistic ecosystems. At the same time, we have also all heard – and often personally witnessed – horror stories about unethical collectors. You know those. The collector on the board of a museum who hears about an exhibition that is not yet […]

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 […]

The tribal art market in France has survived Macron’s restitution policy. Can it survive the changing tastes of a new generation?

After French President Emmanuel Macron decided to return 26 bronze artifacts looted from Benin during colonial times, uncertainty persisted as to the impact this would have on France’s leadership position in the classic African, Oceanic and American art. This week, Christie’s raised concerns about how this might affect the private collection, as it declared its […]

Art Industry News: Biden Administration Says Art Market “Particularly Vulnerable to Financial Crimes” + Other Stories

Art Industry News is a daily digest of the most important developments in the art world and the art market. Here is what you need to know on Wednesday, December 8. NEED TO READ Culture critic Greg Tate has passed away – The cultural critic who influenced a generation with his writings, especially on hip-hop […]

Amid a booming art market, Sean Kelly takes his Bicoastal gallery with a prominent new outpost in Los Angles run by his son

For years, as mega-stores like Pace and Hauser & Wirth spread their tentacles across the world, Sean Kelly seemed determined to remain a one-city gallery. But times have changed. The dealer, who works with artists such as Marina Abramovic, Dawoud Bey and Alec Soth, will open a major new space in Los Angeles in the […]

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 much stronger is the art market in 2021 than in previous years? We calculated the numbers

You probably don’t need me to tell you the art market is in tears lately. We’re in the midst of a carefully choreographed, award-winning, two-week series of auctions in New York City, which are expected to gross up to $ 1.9 billion. What you might not know, however, is how the inventory really accumulates until […]

Exactly how much has the art market rebounded since 2020 and what is driving its growth? We calculated the numbers

This time last year, the art market was emerging from a deep hole. In the first half of 2020, as the world shut down and trade came to a screeching halt, fine art auctions fell more than 50% to $3.3 billion, the lowest total in over a decade. But just as the broader economy has […]

This Munich power couple shapes the German art market

Art historian and gallerist Walter Storms and his wife Caro Jost, a successful artist and educated lawyer, are a true world art power couple in Germany. Together the couple have shaped the careers of many artists and can claim everyone from Günther Uecker to emerging artist Shannon Finley as their close friends. Recently, I had […]

11 Questions The Art Market Should Have About Bored Ape Yacht Club, NFT Craze Rating in Millions, Answered by a True Expert

CryptoPunks aren’t the only NFT characters catching the attention of crypto investors and auction houses. A new digital collectibles craze called Bored Ape Yacht Club has generated tens of millions of dollars at lightning speed and is selling at Christie’s and Sotheby’s. The first offers a Bored Ape Yacht Club NFT at a sale in […]

Consolidating their power in the art market, dealers Lévy Gorvy, Salon 94 and Amalia Dayan merge to form an empire on the Upper East Side

Art dealers Dominique Lévy, Amalia Dayan and Jeanne Greenberg Rohatyn forged independent careers as gallery owners, art advisers and secondary market traders. Over the years, they have also become friends and business associates. Now they’re taking those ties a step further in a merger that signals a major consolidation in the premier gallery industry. The […]

Live on Artnet Auctions: Three Powerful Works by African Art Market Sensation Aboudia Reflect the Tensions of His Homeland

Over the past year, Ivorian-American artist Aboudia Abdoulaye Diarrassouba, better known as Aboudia, has cemented his position as one of the most prominent artists on the contemporary African art scene. His intensely coloured, large-scale, mixed-media works are inspired by African graffiti and sculpture, reflecting the current tensions in his home country, Côte d’Ivoire, and the […]

Inside Hunter Biden’s $20,000 Malibu rental with an art studio

Hunter Biden has a new Malibu rental with an art studio, according to reports. The 51-year-old, who detailed his battle with cocaine and alcohol addiction in his book ‘Beautiful Things’, moved into the pad with his wife, South African model and filmmaker Melissa Cohen, and their one-year-old son, Beau Jr., he told Artnet earlier this […]

Which country had the most lucrative art market in the world last month? We analyzed the numbers and the results are revealing

In a normal year, June would be the last hurrah before the denizens of the art world leave for the summer. They would activate their autoresponders on the last VIP day of Art Basel before heading to the beach in the Hamptons or the Amalfi Coast (where they would probably surreptitiously respond to emails anyway). […]

Which segment of the art market grew the most during last month’s mega-sales? We calculated the numbers

By now you’ve probably heard that the spring night art sales that took place in Hong Kong and New York last month have gone almost as well like their pre-lockdown equivalents, signaling a comeback for the art market. But the high-level totals don’t tell us much. Which market segments are the strongest coming out of […]

We know that the art market is recovering. But how do the numbers compare to pre-pandemic times?

Evening marquee auctions in New York next week have been seen as the first major test of the art market coming out of the lockdown era. But data from the Artnet price database suggests that the art industry is already in a better position than he was at the same time pre-lockdown in 2019. Total […]

The Art Angle podcast: How the pandemic has totally changed the art market

Welcome to Art Angle, an Artnet News podcast that dives into the places where the art world meets the real world, bringing each week’s biggest story to earth. Join host Andrew Goldstein each week for an in-depth look at what matters most in museums, the art market and more with input from our own writers […]

The Art Angle podcast: How NFTs are changing the art market as we know it

Welcome to Art Angle, an Artnet News podcast that dives into the places where the art world meets the real world, bringing each week’s biggest story to earth. Join host Andrew Goldstein each week for an in-depth look at what matters most in museums, the art market and more with input from our own writers […]

Is this the next art market bubble? A Unique NFT For The Popular GIF ‘Nyan Cat’ Has Just Sold For A Low $560,000

The creator of the very popular Nyan Cat GIF decided to celebrate its 10th anniversary by auctioning off a digital asset known as NFT, a non-fungible token. The sale, organized by the new NFT Market Foundation, brought in a whopping 300 ETH – that’s for the blockchain called Ethereum – or the USD equivalent of […]

Art dealer Chantal Crousel talks the inside story of the Parisian art market and why she is now passing the reins to the next generation

Nothing predestined Chantal Crousel to become one of the most successful gallery owners in Paris. Born in Belgium, the daughter of a bank manager, Crousel was working in Brussels as a secretary in a forklift company when, one day, she saw a drawing by Man Ray in a shop window. This fortuitous acquisition prompted Crousel […]

Art Industry News: Collector Pamela Anderson says the art market is ‘a bit corrupt’, but ‘part of a sexy life’

Art Industry News is a daily summary of the most important developments in the art world and the art market. Here’s what you need to know this Wednesday, September 23. NEED TO READ New York’s museums get a boost from Rockefeller – The Rockefeller Brothers Fund is giving $1.5 million to New York museums working […]

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