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Art Market

The art market: a money launderer’s haven?

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Source: Dentons

Money laundering has been a concern for years throughout various territories and industries, and the art world is no exception. The allure of client anonymity and exclusivity, subjectively high-value transactions, the ease of conducting transactions and transporting art across borders, the increasing rate of online transactions,1 and the widely accepted use of third-party intermediaries to purchase, sell, and hold artwork, make art an appealing commodity for criminals seeking to launder funds.2 Congressional Research Service estimates that money laundering and other financial crimes in the art market may amount to billions of dollars each year.3 This article explores the intricacies of money laundering in the U.S. art market and discusses regulatory and nonregulatory measures that already exist and still need to exist to successfully combat money laundering in the art world.

Read more: https://www.dentons.com/en/insights/articles/2024/march/11/the-art-market-a-money-launderers-haven

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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