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Global Art Materials Market [2023] | Industry Set to Achieve Impressive Revenue of USD 17860 Million by 2028

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Source: Digital Journal

The Global Art Materials Market Outlook [2023-2028] -The Global Art Materials Market Size Reached USD 11190 Million in 2021-2022.It is Expected to Grow at a CAGR of 8.1% till 2028.The Global Art Materials Market is to Reach the Value of USD 17860 Million by the End of 2028.Top Regions Covered in this Report. [North America, Europe, Asia-Pacific, South America, Middle East and Africa, And the Rest of the World]91 Pages Report.

Read more: https://www.digitaljournal.com/pr/news/theexpresswire/global-art-materials-market-2023-industry-set-to-achieve-impressive-revenue-of-usd-17860-million-by-202

Art Auction

5 Takeaways From the Spring Art Auctions

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Source: The New York Times

When Christie’s executives decided on the evening of the auction house’s contemporary art sales to withdraw its most expensive offering of the week, a squiggly-wiggly painting by the artist Brice Marden estimated to sell for $30 million to $50 million, it was evidence of apprehension in the market.

“The choice to withdraw the Marden was ours,” Alex Rotter, a Christie’s specialist, told reporters last Tuesday night. “It wasn’t Brice’s evening and we’re not willing to jeopardize the market of an artist like that.”

In other words, just two days into a week of marquee spring sales that ended Saturday, there was already a bad vibe.

Read more: https://www.nytimes.com/2024/05/19/arts/design/auction-christies-sothebys-phillips-results.html

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Art Auction

Female artist’s painting sets auction record

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Source: BBC NEWS

A painting by a Lancashire-born artist has sold for over £22 million.

Sotheby’s said the sale of Leonora Carrington’s Les Distractions de Dagobert in New York meant she had become the most valuable British-born female artist at auction.

The surrealist painting was bought for $28.5m (£22.48m), which exceeded Carrington’s previous record of $3.3m (£2.6m) set at the auction house in 2022.

Carrington was born in Chorley on 6 April 1917 and later lived in Mexico, alongside female surrealists including Frida Kahlo and Remedios Varo.

Read More: https://www.bbc.com/news/articles/crgygv7lzl2o

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Art Auction

$27.7 million Bacon tops New York art auction sales

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Source:Yahoo News

A portrait by British painter Francis Bacon of his great love sold for $27.7 million at Sotheby’s spring sales in New York on Monday, topping the first night of contemporary art auctions that grossed $234.6 million. 

The work fell short of the $30 million to $50 million range the house had estimated for the portrait — the first in a series of 10 the painter made of George Dyer between 1966 and 1968 — which was making its debut at auction.

Read More: https://uk.news.yahoo.com/27-7-million-bacon-tops-054825871.html

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