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Art Market

Redefining roles: Social media and art market

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Source: Daily Sabah

Today’s rapidly changing world is swiftly replacing the traditional rules of a decade ago with a new order.

When we examine the issue holistically, we encounter social media with enormous power. A brand new order has been established as a result of the combination of consumer preferences, people’s desire to be active or on the agenda, easy accessibility, the desire to be more courageous in participation and the desire to exist alone. The inevitable development of social media and the mutation it experienced in a short time are also factors. As in every medium, social media has caused some values to change and the rules to be rewritten in art. Of course, the pandemic that affected the whole world is also responsible.

Read more: https://www.dailysabah.com/arts/redefining-roles-social-media-and-art-market/news

Art Market

Why Are Art Resale Prices Plummeting?

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Source: Artnet news

The art press is filled with headlines about trophy works trading for huge sums: $195 million for an Andy Warhol, $110 million for a Jean-Michel Basquiat, $91 million for a Jeff Koons. In the popular imagination, pricy art just keeps climbing in value—up, up, and up. The truth is more complicated, as those in the industry know. Tastes change, and demand shifts. The reputations of artists rise and fall, as do their prices. Reselling art for profit is often quite difficult—it’s the exception rather than the norm. This is “the art market’s dirty secret,” Artnet senior reporter Katya Kazakina wrote last month in her weekly Art Detective column.

In her recent columns, Katya has been reporting on that very thorny topic, which has grown even thornier amid what appears to be a severe market correction. As one collector told her: “There’s a bit of a carnage in the market at the moment. Many things are not selling at all or selling for a fraction of what they used to.”

Read more: https://news.artnet.com/multimedia/why-are-art-resale-prices-plummeting-2471700

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Art Market

Students show their creative side at the biannual Art Market

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Source: Trinitonian

The Trinity University Art Market returns once again today, Friday, April 19. Showcasing the wares of more than 40 vendors, students at this semester’s art market will sell a wide variety of creative products.

Since spring 2021, the Trinity University Art Collective has organized the Art Market, an opportunity for students to sell their artisan products. For many vendors, the art market is an outlet to showcase their art, get coverage or just have some fun. For example, many vendors use the market to make extra money off their non-academic artistic hobbies.

Emily Haynes, junior psychology major, sells crocheted products alongside other members of the TU Crochet and Knitting Club. She and four other members are selling pieces they have made, including bags and plushies. This is her first time vending at the art market, and Haynes described her excitement at peddling her wares with her club members.

Read more: https://trinitonian.com/2024/04/18/students-show-their-creative-side-at-the-biannual-art-market/

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Art Market

IFAM Celebrates Two Decades of Global Folk Art

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Source: Newswire

The International Folk Art Market is pleased to announce its 20th Anniversary Market, held this year at the Railyard Park from July 11-14, 2024. Festivities commence with the free Community Celebration and Artist Procession on Wednesday, July 10, at the Railyard Water Tower. Thursday, July 11, through Sunday, July 14, the 20th Annual International Folk Art Market opens to the public; tickets are on sale at folkartmarket.org/tickets.

Since the market’s inception in 2004, IFAM has hosted over 1,600 master folk artists from 103 countries — empowering artists and communities while serving as a catalyst to strengthen communities and promote traditional art forms. Out of this year’s 571 artist applications, the market has selected 167 artists from 51 countries. IFAM is welcoming a new country to the market this year with the inclusion of Papua New Guinea.

Read more: https://www.newswire.com/news/ifam-celebrates-two-decades-of-global-folk-art-22303402

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