30% of all buyers were new with many initiating activity through digital art sales (20%). Christie’s, the world’s leading art business, entered its 250th year, by announcing a total of £4.8 billion / $7.4 billion in sales for the last twelve months. 2015 sales were down 5% (by£) for the same period in 2014. The … Read more
Experts expect a ‘severe correction’, particularly in contemporary and American art, after years of spiralling prices and celebrity and luxury obsession
On Monday, Modigliani’s Reclining Nude joined an elite band of artworks that have commanded over $150m at auction or private sale – but are they worth it?
It is a new era of excitement and engagement about art and for art. Art business globally shows no signs of slowing down. Christie’s auction house reported record half year in the art sales, with 51 works of art being sold for over $10 million, and record breaking six months in Post-War & Contemporary Art. The … Read more
As technology evolves and mobile commerce becomes ubiquitous, collectors are increasingly purchasing high-end items online and even on-the-go from their mobile devices. The international art business and auctioneer Sotheby’s and eBay, the global leader in online shopping, are developing an online platform for acquiring works of art, antiques and collectibles. The global art market is … Read more
An Egyptian statue from Northampton museum has been sold for £16m. There has to be a better solution to the funding crisis