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Art Market

Online Art Market Surges by 587% Over the Last Decade: Hiscox Report

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Source: Bnn

The online art market has experienced a significant growth of 587% in the last decade, according to Hiscox’s Online Art Report 2023. The COVID-19 pandemic has spurred intense activity in this sector, with an increase of 280% from 2019 to mid-2021. However, in 2023, although the market stabilized with a growth of 6%, inflation and the economic crisis led a third of buyers to plan to spend less. Additionally, a decline was observed in the intention to purchase Non-Fungible Tokens (NFTs), going from 27% in 2022 to 12% in 2023.

The Evolution of the Online Art Market

The report highlights the key developments in the online art market during the last decade: the decrease of middlemen in 2013, the market taking off in 2014 with sales of approximately $1.57 billion, the triple-digit growth of online auctions and marketplaces in 2015, and the growing importance of Instagram as an exhibition platform in 2016. In 2017, third-party sales channels gained popularity, and in 2018 concern for cybercrime increased. Trust in online platforms fell from 96% in 2018 to 77% in 2019, but the pandemic in 2020 led online art platforms to be the main sales channel. The rise of cryptocurrencies and blockchain technology characterized the years 2021 and 2022, and in 2023 a return to a new normal is observed with a more stable industry.

Read more: https://bnnbreaking.com/arts/online-art-market-surges-by-587-over-the-last-decade-hiscox-report/

Art Market

Taipei Dangdai Art & Ideas

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Source:Art Plugged

Taipei Dangdai Art & Ideas, a leading platform for cultural exchange, brings together 78 exceptional galleries from 19 countries and territories around the world. Defined by the rich art scene of Taiwan and a diverse range of voices from local and international artistic communities, the fair will present world-class on-site programming alongside a city-wide celebration of arts. Presented by UBS and organised by The Art Assembly, Taipei Dangdai Art & Ideas returns for its fifth edition taking place from 10–12 May 2024, with a VIP Preview and Vernissage on 9 May, at Taipei Nangang Exhibition Center.

Alongside robust gallery presentations in the new sector Evoke, as well as returning sectors Galleries, Edge, Engage, and Node, this year’s fair will offer a rich series of programs that highlight the vibrant regional art scene, large-scale installations, carefully curated talks, exhibitions and research forums, and more, to create a platform for dialogue and exchange for the international art world convening inTaiwan for the fair.

Read more: https://artplugged.co.uk/taipei-dangdai-art-ideas/

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Art Market

Mvskoke Art Market Returns for Third Year

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Source: The Muscogee Nation

The Third Annual Mvskoke Art Market will take place at River Spirit Casino Resort in Tulsa on April 20-21. The market has experienced significant growth in its first two years, and this year is no different. Artists participating increased from 60 and 82 in years one and two respectively, to 94 Native artists this year, representing over 30 tribes from across Oklahoma and Indian Country.  

The Market’s planning committee, building off past years’ success, have strived to come up with ideas to accommodate the growing popularity and improve the overall experience for attendees.  

Muscogee Nation Cultural Center and Archives Manager ShaVon Agee, has played a vital role in the Market’s planning and coordinating for the past three years.  

“We’ve expanded some space in the ballroom foyer in order to accommodate additional artists,” Agee said.   

Read more: https://www.muscogeenation.com/2024/04/16/mvskoke-art-market-returns-for-third-year/

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Art Market

Big Bloom Art Market sets up shop in Warehouse District Beer Garden [photos]

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Source: LNP

Local artists and vendors set up shop in the Warehouse District Beer Garden Sunday as part of the beer garden’s opening weekend festivities.

They were part of the Big Bloom Art Market, which ran from 1-6 p.m. in the beer garden, located at 595 N. Charlotte St. in Lancaster city.

The market followed a sold-out beer festival, the Spring Thaw Beer Fest, which featured nearly 20 local breweries on Saturday.

Read more: https://lancasteronline.com/features/entertainment/big-bloom-art-market-sets-up-shop-in-warehouse-district-beer-garden-photos/collection_160ba13a-f8e2-11ee-a3f2-e3bad70742e4.html

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