Connect with us

Art Auction

kenny schachter on uniting the traditional and digital art worlds ahead of NFT ART DAY ZRH

Published

on

Source: Designboom

As the digital renaissance continues to reshape the art world, the annual NFT ART DAY ZRH conference returns to Zurich for its second edition to delve deeper into the burgeoning world of NFTs, Web3, and contemporary digital art. From June 10 to 11, the platform will bring together some of the most prolific players in the art world — from museums and directors, to collectors, critics, artists, and enthusiasts — to explore the intricate intersections between art and technology through the lens of blockchain and NFTs. Among these, artist and critic Kenny Schachter will be returning to lead the event’s keynote address, with an agenda to build bridges between the disparate camps of the traditional and digital art worlds — or militias as he playfully calls them.

Read more: https://www.designboom.com/art/kenny-schachter-traditional-digital-art-worlds-nft-art-day-zrh-interview-06-06-2023/

Art Auction

Caution reigns in Hong Kong 2024 spring art auctions, with US$12.2 million Yoshitomo Nara painting the top lot

Published

on

Source: South China Morning Post

Sotheby’s sells a painting by Japanese artist Nara for HK$96 million at its spring contemporary art sale, but total sales were down notably from last year.

The number of lots offered there and at Poly Auction’s spring sale was down on 2023 too. While records were set for several artists’ work, the mood was cautious.

Following the modest success of Art Basel Hong Kong, tightly managed auctions in Hong Kong over the weekend saw collectors dig deep for works by some of the biggest names in art, even if the high number of withdrawn lots and conservative pricing indicate that a full rebound in the art market remains elusive.

Read more: https://www.scmp.com/lifestyle/arts-culture/article/3258198/caution-reigns-hong-kong-2024-spring-art-auctions-us122-million-yoshitomo-nara-painting-top-lot

Continue Reading

Art Auction

Fab Four’s Hidden Palette: Beatles’ Rare Artwork Fetches $1.7 Million At Auction

Published

on

Source: Yahoo

The Beatles were musical geniuses whose album covers included iconic images, but they’re not necessarily known for creating their own visual art.

Turns out the Fab Four had artistic talents that extended beyond their musical prowess, and a painting made and signed by the band members appears to prove it. “Images of a Woman” sold for $1.7 million at a recent Christie’s auction.

Read more: https://finance.yahoo.com/news/fab-fours-hidden-palette-beatles-230521134.html

Continue Reading

Art Auction

Sotheby’s executive denies auction house’s culpability in art fraud claims

Published

on

Source: Courthhouse News Service

As a Russian billionaire’s case against the famed British auction house Sotheby’s continues, a senior executive at the famed fine art auction house took the stand Tuesday and denied the institution’s culpability in an art dealer’s price-gouging scheme.

In a 2018 lawsuit, Dmitry Rybolovlev claimed that, from 2003 to 2015, Swiss art dealer Yves Bouvier hiked up prices on 38 artworks he sold to the fertilizer tycoon while collecting a 2% commission fee on the eight- and nine-figure deals. In sum, Rybolovlev spent $2 billion on these deals.

“They were his works, he could do whatever he wanted with them,” Samuel Valette, Sotheby’s vice chairman for private sales worldwide, said in court Tuesday of Bouvier, who has faced criminal fraud charges in France, Monaco and Switzerland over his purported art price markups.

Read more: https://www.courthousenews.com/sothebys-executive-denies-auction-houses-culpability-in-art-fraud-claims/

Continue Reading

Trending