Global Art Market
Conversations | The Art Market in 2023: Collecting in Brazil
Márcio Botner, co-founder, partner and director, A Gentil Carioca, Rio de Janeiro
Thiago de Paula Souza, curator and educator, São Paulo and Berlin
Luisa Strina, gallery owner, Galeria Luisa Strina, São Paulo
Moderator: Oliver Basciano, writer, São Paulo and London
The Brazilian art market is the largest by size in Latin America. With president Lula’s government reinstating the ministry of culture and increasing funding to the arts, how is the market developing? This panel examines shifts in the Brazilian art scene since the beginning of 2023 through the voices of gallerists, collectors, and experts. Has a renewed prioritization of the arts already had a measurable impact?
Pedro Barbosa, a former bond trader, launched the Coleção Moraes-Barbosa (CMB) in 1999. The collection includes both global and local artists, and is focused on conceptual art and video. The 20,000 items of printed matter that form part of the collection are used as research material by artists, curators, and researchers. CMB also has a project space in São Paulo that showcases artists and projects from the collection. Pedro Barbosa is a board member of EAI (Electronic Arts Intermix), KW Institute for Contemporary Art, Berlin, and the Media and Performing Art Committee at the Museum of Modern Art, New York.
Read more: https://www.artbasel.com/stories/conversations-the-art-market-in-2023-collecting-in-brazil
Artmarket.com, an Art Market global player with a strong emphasis on data, databases, and AI technology, reports numerous achievements including state recognition, innovative partnerships, and the successful implementation of a Standardized Market Place for art transactions. The company, which is geared towards a sustainable and tech-forward future, engages a large member base and is recognized for its eco-responsible initiatives.
Read more: https://www.tipranks.com/news/company-announcements/artmarket-com-innovating-the-global-art-market
Global Art Market
Christie’s CEO on hopes for new Asia HQ in Hong Kong, and its place in global art market
The usually smooth back and forth between auctioneer and bidder had an unexpected hitch during the sale of the top lot in Christie’s evening sale in Hong Kong on September 26.
Xin Li, deputy chairman at Christie’s, indicated to veteran auctioneer Adrien Meyer that her client on the phone wanted to place a bid for Vincent van Gogh’s Les Canots Amarrés (1887).
Instead of just adding a standard increment to the last bid, which was already at around HK$200 million (US$25.7 million), she hesitated and then blurted: “26 million!” Her client, it
“You can either buy clothes or buy pictures.” (Gertrude Stein)
The air will be filled with a different kind of buzz in Seoul this week as it hosts the third annual international art fair, Frieze Seoul. Over 110 leading art galleries worldwide will assemble for four days at the COEX Convention and Exhibition Center in Gangnam to showcase various works of contemporary art to guests and collectors. There promises to be no shortage of side events taking place throughout the city in coordination with the exhibit. Attendance this year is expected to be similar to the past two years at about 70,000 participants, which is larger than Frieze Los Angeles (roughly 35,000) and Frieze New York (roughly 25,000) combined but still slightly smaller than Art Basel Hong Kong or Frieze London (each at about 85,000). The event is part of a broader trend that suggests South Korea is emerging as a tour de force in the art world.
Read more: https://keia.org/the-peninsula/south-koreas-emergence-as-a-hub-in-the-global-art-market/
