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UK Art Market

Launch of the British Art Market Federation’s new economic report

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Source: Gov.uk

Good morning. I am delighted to be with you today for the launch of the latest economic survey of the UK art market by Dr. Clare McAndrew.

Thank you to Anthony Browne for inviting me to join you and to say a few words.

Anthony regularly comes to brief the Secretary of State, our officials, and me on the state of the art market, and the challenges facing it — As well he should as the issue is an asset of huge national importance.

Read more: https://www.gov.uk/government/speeches/launch-of-the-british-art-market-federations-new-economic-report

UK Art Market

In London, new galleries are sparking an artistic renaissance

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Source:Art Basel

In times of economic hardship, it is usually lower and middle-tier dealers who feel the pinch most, with those at the top considered largely inured to economic and political pressures. But that trend appears to be in reverse. According to The Art Basel and UBS Art Market Report 2024, dealers with turnover of less than USD 500,000 had the largest increase in sales (11%) last year, while those at the top of the market with turnover of more than USD 10 million saw averages decline by 7%.

To some extent, these findings are being borne out in London, where pockets of activity and growth appear most robust among emerging galleries and those who are less than 10 years old. Over the past few years, galleries have sprung up across the capital including Albion Jeune, Brooke Benington, and Ab-Anbar Gallery in Fitzrovia; Brunette Coleman and Hot Wheels (hailing from Athens) in Bloomsbury; and Neven Gallery, Sherbet Green, Ginny on Frederick, and Rose Easton in the city’s east. Others such as Emalin and Union Pacific have opened second spaces after a relatively short amount of time in business.

Read more: https://www.artbasel.com/stories/in-london-new-galleries-are-sparking-an-artistic-renaissance

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UK Art Market

UK arts venue called to reinstate celebration of Gaza literary event

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Source: N UK

More than 300 artists and cultural workers have urged a Manchester arts centre to reverse its decision to cancel an event celebrating Palestinian voices.

The Voices of Resilience, A Celebration of Gazan Writing event, scheduled for April 22, was called off by Home Manchester last week.

The venue said it had cancelled the event due to “recent publicity” and safety concerns for audiences and artists.

Read more: https://www.thenationalnews.com/news/uk/2024/04/02/uk-arts-venue-called-to-reinstate-celebration-of-gaza-literary-event/

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UK Art Market

The future of art collecting in the UK

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Source: The Up coming

In the United Kingdom, a land steeped in history and rich in artistic heritage, the future of art collecting is being quietly reshaped by the digital revolution. This transformation is not merely a shift in medium or method but a profound reimagining of how art is discovered, acquired, and cherished. As we navigate this new landscape, two pivotal trends stand out, poised to define the next era of art collecting: the meteoric rise of digital platforms and the critical importance of privacy and security in the management of art collections.

The digital realm has flung open the doors to art collecting, making it more accessible than ever before. No longer confined to the hallowed halls of galleries and auction houses, art collecting has embraced the digital age, offering collectors the ability to browse, purchase, and manage art from anywhere in the world. Central to this digital renaissance is the emergence of platforms dedicated to the digital art collection and management, which have become the new nexus for collectors. These platforms offer a seamless, integrated experience that caters to the needs of the modern collector, combining the thrill of discovery with the practicalities of management and security.

Read more: https://www.theupcoming.co.uk/2024/03/27/the-future-of-art-collecting-in-the-uk/

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