Global art
GLOBAL ART SALES REMAIN RESILIENT IN 2023 DESPITE SLIGHT DECLINE
According to the annual report published by Art Basel and UBS, the global art market maintained its resilience in 2023. The study, which offers a detailed overview of trends, reveals a slowdown in high-end sales but active momentum in the lower price segments. While the United States maintains its dominant position, the rise of China is reshaping the global art landscape.
The eighth edition of the Global Art Market Report published on March 13 by Art Basel and UBS offers a detailed look at the state of the art market in 2023. The study, entitled Art Basel and UBS Global Art Market Report 2024, examines how the economy and geopolitics have influenced art sales, scrutinizing several key market trends over the past year. It was written by Clare McAndrew, cultural economist and founder of Arts Economics.
Read more: https://luxus-plus.com/en/global-art-sales-remain-resilient-in-2023-despite-slight-decline/
Kutch needs no introduction today. This city located in the Rann region of Gujarat is famous for its scenic beauty, art and craftsmanship. Artisans here, over the ages have given a distinct identity to Kutchi art, earning them national and international accolades.
One such young artist who has earned immense fame in the Bandhani artform is Abdul Wahab Khatri (25). After nine years of being in the profession, he has recently been awarded the Gold Award for Outstanding Artisan Entrepreneur by the social startup Karigar Clinic. He was earlier awarded the Young Artisan Award in addition to the Kamaladevi Award.
Read more: https://www.etvbharat.com/en/!offbeat/bandhani-art-kutchi-art-gujarat-enn24073002096
Ayesha Kapoor, a second-generation art ardent, has cultivated a passion for discovering and promoting exceptional talent. Ayesha blends artistic vision with business acumen, advising collectors, and curating exhibitions. Inspired by her own love for painting and further strengthened under the guidance of her mother, she champions emerging artists and bridges cultural divides through the universal language of art.
Back in September, global art experts were taken aback by the name topping a fresh list of the world’s best-selling artists.
Aboudia, a graffiti-inspired artist from Ivory Coast, had beaten well-known names, like Damien Hirst and Banksy, to sell the most pieces at auction the previous year.
According to the Hiscox Artist Top 100, Aboudia, real name Abdoulaye Diarrassouba, had flogged 75 lots. One of these canvasses had gone for £504,000 ($640,000).
