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Global Art Market

TRIBECA FESTIVAL AND ART BASEL UNITE TO CELEBRATE THE INTERSECTION OF ART, MUSIC, AND FILM AT ART BASEL MIAMI BEACH 2023

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Source: The City Life ORG

Tribeca Festival and Art Basel today announced an ambitious partnership celebrating the intersection of art, music, and film. The joint venture is the first official collaboration between the two global brands and will bring a series of live events to the Miami Beach Botanical Garden from December 6 to 9, 2023. The week of events will coincide with Art Basel Miami Beach, which takes place at the Miami Beach Convention Center (MBCC) from December 8 to 10, 2023, with preview days on December 6 and 7

“Tribeca Festival at Art Basel Miami Beach will feature live performances and DJ sets and organized conversations with iconic creative visionaries across industries. The full programming lineup will be announced this fall. 

“Tribeca is at the forefront of culture, and our new partnership with Art Basel is the next frontier to explore the power of storytelling in unconventional ways,” said Tribeca Co-Founder and CEO Jane Rosenthal. “Art is ubiquitous and expressed via so many creative avenues – from film to music to immersive exhibits. This December, we look forward to celebrating the next generation of creatives at the intersection of these mediums.” 

Read more: https://thecitylife.org/2023/09/27/tribeca-festival-and-art-basel-unite-to-celebrate-the-intersection-of-art-music-and-film-at-art-basel-miami-beach-2023/

Global Art Market

Expo Chicago 2024 Proves City Is Strong Player On Global Art Stage

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Source: Forbes

In its first year as part of the Frieze network—which also acquired the Armory Show in 2023—Expo Chicago managed to balance its notably friendly Chicago atmosphere with a strong showing from the global art market. This past Sunday, Expo concluded the 11th edition of its annual four-day fair, with over 35,000 visitors and robust sales from 170 galleries representing 29 countries and 75 cities.

“In our 11th edition of Expo Chicago, we are grateful to now be part of the Frieze family,” said Tony Karman, President and Director of Expo Chicago. “There was a tangible sense of excitement around this year’s edition, a sentiment echoed by our patrons and gallerists, translating into strong sales and an energized atmosphere at the fair and throughout the city.”

Read more: https://www.forbes.com/sites/juliabrenner/2024/04/17/under-new-ownership-expo-chicago-2024-showed-the-city-as-a-strong-player-on-the-global-art-stage/

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Global Art Market

Art Busan to focus on local, global markets

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Source: The Korean Herald

Art Busan 2024, the largest annual art fair in Busan, will return in May, strengthening its exhibition program and locality amid a sluggish art market. The art fair also plans to tap into the global art market to expand its brand overseas.

“It is a shame that the art market is assessed on its commercial aspects, although it is understandable. We will continue to do what Art Busan can do with our own programs,” said Jeong Seok-ho, managing director for Art Busan, at a press conference in Seoul on Tuesday.

Shrugging off concerns over the state of the art market, Jeong noted that the Busan art fair is putting in its utmost effort to cement its presence, maintaining its uniqueness as a local art fair in South Korea. As part of the art fair, it plans to stage Busan Art Week for collectors, offering them a tour around the city alongside the art fair.

Read more: https://www.koreaherald.com/view.php?ud=20240402050660

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Global Art Market

Seven Takeaways from The Art Basel and UBS Global Art Market Report 2024

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Source: LUXUO

The global art market totaled USD 65 billion in 2023, contracting by 4 percent year-over-year but remaining above its USD 64.4 billion pre-pandemic high, according to The Art Basel and UBS Global Art Market Report 2024, authored by Dr. Clare McAndrew, the founder of Arts Economics. The report can be downloaded for free here.

The market was constrained by factors including thinning sales at the highest price levels, high inflation and interest rates, an ongoing war in Ukraine, a new war in the Middle East, and uncertainty about economic growth in China. Those surveyed for the report also cited higher costs for things such as logistics and rent.

Here are seven key takeaways from The Art Basel and UBS Global Art Market Report 2024.

Read more: https://www.luxuo.com/culture/art/seven-takeaways-from-the-art-basel-and-ubs-global-art-market-report-2024.html

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