With 45% of shares of sales, the US art market retains its leading position. Report. Inflationary pressures, the long tail of the COVID-19 pandemic, supply chain issues, and cryptocurrency turbulence: the art market has been subject to manifold, and at times contradictory forces over the last year. The sixth edition of Art Basel‘s landmark report, … Read more
London may be able to draw on its long history and strong reputation for Fine Art sales. But it cannot ignore the energy that is today emanating from the Ultra-Contemporary and art-NFT market. Artmarket.com: Frieze London in the context of Hong Kong’s rapid growth and other art market changes observed by Artprice. After the UK … Read more
This June 25–30, TEFAF, one of the world’s leading art fair, will open its doors to the 35th edition of the fair at the MECC in Maastricht, Netherlands, celebrating over 7,000 years of art, antiques, and design. This edition of TEFAF will bring together 242 dealers in total from 20 countries, with 216 returning art … Read more
Real paintings by blue-chip artists remain the super-stars of the art market, says Artprice, the world’s leader in art information. The May activity clearly signals a return to pre-pandemic dynamism. The art market seemed to have forgotten its past and all of its reference points after the online sale of Beeple’s NFT Everydays (which … Read more
The US retained its position as the largest art market globally. Millennial collectors were the most active buyers – and spent the most. Female collectors had a higher average level of spending than men. The art market often mirrors the trends and economic developments, experts like Paul Donovan, Chief Economist, UBS Global Wealth … Read more
According to the third edition of the Art Basel and UBS Global Art Market Report, in 2018 the global art market grew by 6%, reaching an estimated $67.4 billion. United States is extending its position as the largest art market and the United Kingdom is regaining its place as the second largest art market … Read more