Global art
The Global Art Business Is Better, but Not Booming
Sun, sand and champagne are sure to greet attendees at Art Basel Miami Beach as it celebrates its 21st birthday with a bubbly mix of gallery displays, outdoor art and beach parties.
Yet underneath the surface, the global art business is cooling: While choice works by desirable artists can still fetch sky-high prices, the market is not what it used to be before the Covid pandemic.
“We’ve come out of a period of unprecedented growth in the numbers of artists collected and valued, and the prices which people pay, and those kinds of buying cycles always go through shifts — in good times and bad,” said Allan Schwartzman, a New York-based art adviser and founder of the Schwartzman& advisory firm.
Read more: https://www.nytimes.com/2023/12/05/arts/design/art-world-business-challenges.html
Kutch needs no introduction today. This city located in the Rann region of Gujarat is famous for its scenic beauty, art and craftsmanship. Artisans here, over the ages have given a distinct identity to Kutchi art, earning them national and international accolades.
One such young artist who has earned immense fame in the Bandhani artform is Abdul Wahab Khatri (25). After nine years of being in the profession, he has recently been awarded the Gold Award for Outstanding Artisan Entrepreneur by the social startup Karigar Clinic. He was earlier awarded the Young Artisan Award in addition to the Kamaladevi Award.
Read more: https://www.etvbharat.com/en/!offbeat/bandhani-art-kutchi-art-gujarat-enn24073002096
Ayesha Kapoor, a second-generation art ardent, has cultivated a passion for discovering and promoting exceptional talent. Ayesha blends artistic vision with business acumen, advising collectors, and curating exhibitions. Inspired by her own love for painting and further strengthened under the guidance of her mother, she champions emerging artists and bridges cultural divides through the universal language of art.
Back in September, global art experts were taken aback by the name topping a fresh list of the world’s best-selling artists.
Aboudia, a graffiti-inspired artist from Ivory Coast, had beaten well-known names, like Damien Hirst and Banksy, to sell the most pieces at auction the previous year.
According to the Hiscox Artist Top 100, Aboudia, real name Abdoulaye Diarrassouba, had flogged 75 lots. One of these canvasses had gone for £504,000 ($640,000).
