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Art Market

Shining a Light into the Black Box of the Art Market

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Source: Yale Insight

The opacity of the art market benefits a tiny elite of collectors, gallerists, and artists, but makes it harder for most artists and art lovers to connect. Art market expert Magnus Resch says that greater transparency and new technology could transform the economics of art.

Q: What’s the state of the art market?

Over the last decade, the size of the art market has maintained a relatively constant level, remaining close to the $60 billion mark. Although this seems like a large number, it significantly falls short when compared to FedEx’s revenue, which exceeded $90 billion last year. So all participants in the art world, including auction houses, galleries, and art advisors, collectively generate less income than a single transportation company.

Read more: https://insights.som.yale.edu/insights/shining-light-into-the-black-box-of-the-art-market

Art Market

Here’s when the York River Art Market is back this summer

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Source: Yorkmix

The York River Art Market is a much-loved part of the city summer – and it’s back for 2024.

It will once again be taking over the Dame Judi Dench Walk, next to the Ouse, in August.

An array of artists will be showcasing their creative wares all along the riverside railings, where visitors can browse and purchase to their heart’s content.

Read more:https://yorkmix.com/heres-when-the-york-river-art-market-is-back-this-summer/

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Art Market

Falmouth Art Market and Childrens Book Author Reading & Signing

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Source: Patch

Fun Free Event for All – Falmouth Art Market!

Over 30 Artisans – with unique hand-crafted items

Meet the Author – Readings and Signing of the Childrens Book “Singing Beach Day!”  and book related Kids Scavenger Hunt and Activity Table by the Guatemala Aid Fund

Food Truck –  The Filling Station (food for purchase)

Ice Cream – Sea Scoops Ice Cream (for purchase)

Read more: https://patch.com/massachusetts/arlington/calendar/event/20240723/10e1af86-c779-40ff-be97-cfdbad71d084/falmouth-art-market-and-childrens-book-author-reading-signing

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Art Market

Romanian art market sees growth and consolidation in first part of 2024

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Source: Romania Insider

The first part of 2024 shows a consolidation of the Romanian art market, with growth trends in the frequency of public auctions, auction success rate, and turnover.

According to art auctioneer Artmark, the growth is visible in numbers, specifically in volume: +17% in public auctions, frequency: +7.5% in auction success rate, and turnover speed: +39.4% in private, in-store sales.

In 2024 so far, Artmark held auctions covering the entire spectrum of collecting passions through a diversity of themes, from plastic arts (classical Romanian, contemporary, and post-war Romanian art, sculpture from all times, European painting and graphics) to collectible watches & cars, designer jewelry & accessories, various decorative arts from silverware and author glassware to ceramics and author furniture, to history and sports memorabilia, collectible wines and whiskeys, and charity auctions.

Read more: https://www.romania-insider.com/romanian-art-market-growth-first-part-2024

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