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African Art Sales Outperformed the Overall Market Despite a Slump Last Year

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Source: PENTA

Global auction sales of works by African-born artists fell 8.4% last year to just under US$80 million, yet the market continues to show strength particularly for contemporary artists, and, strikingly, for works by women, according to ArtTactic, a London-based art analysis firm.

Though a downturn, the total sales result is the second-highest achieved for the category after 2022’s US$87.2 million in sales, and is far less of a decline than the 18% drop recorded for the general art market, ArtTactic said in a report on the market for modern and contemporary African Art released on Thursday.

Read more: https://www.barrons.com/articles/african-art-sales-outperformed-the-overall-market-despite-a-slump-last-year-8e84b9ec

Art Sale

Parents fuming after Montreal-area teacher allegedly lists students’ art for sale online

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Source: iheartradio

An investigation is underway at a Montreal-area high school after multiple parents have alleged their kids’ art teacher has been taking drawings that they made in class and listing them for sale on several websites without their knowledge.

CTV News has spoken to two parents who say they are outraged after learning that their kids’ art is showing up online, seemingly for a profit.

One of the drawings made by a 12-year-old student who attends Westwood Junior High School in Saint-Lazare, an off-island suburb west of Montreal, has been listed for $151 on at least four different websites.

Her drawings and those of other fellow classmates appear on multiple items, including t-shirts sold for $55, coffee mugs for $41, and even iPhone cases, at $35 a pop.

“I’m extremely disgusted with this person. It’s extremely, you know, it’s unbelievable,” said the young girl’s father, Michael Bennett, in an interview.

Read more: https://www.iheartradio.ca/virginradio/montreal/news/parents-fuming-after-montreal-area-teacher-allegedly-lists-students-art-for-sale-online-1.21647134

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Top 10 Upcoming NFT Drops to Watch in 2023

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Source: Cryptosaurus

Non-fungible tokens (NFTs) have taken the world by storm, revolutionizing the way we understand and trade digital assets. As the NFT market continues to evolve, 2023 has several exciting projects lined up. From digital art collecting to virtual real estate and beyond, these upcoming NFT drops promise unique and immersive experiences.
Cryptopunks, one of the leading NFT projects, is expanding its collection with new characters, accessories and collaborations. This drop is expected to cause a stir in the NFT community and attract collectors looking for unique and iconic pixelated avatars.

Read more: https://cryptosaurus.tech/top-10-upcoming-nft-drops-to-watch-in-2023-analytics-insight/

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Auctions Drive Fine Art NFT Growth, Even Amid General Downturn, Says Abridged’s Co-Founder

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Source: Be in crypto

The recent auction of “The Goose” NFT at Sotheby’s is a sign of the market’s strength, believes Anjali Young, co-founder of Abridged.

Sotheby’s endorsement of NFTs in 2021 marked their transition from a passing fad to prestigious digital artwork, she argues.

Despite recent fluctuations in interest in NFTs, the art and fashion worlds continue to take them extremely seriously.

Read more: https://beincrypto.com/auctions-drive-nft-growth-abridged-co-founder/

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