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UK Art Market

What is the State of the Post-Brexit British Art Market? Here Are 5 Takeaways From a New Report

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Source: Artnet news

Concerns about future of the art market in the U.K. have occupied the industry over the past several years, as galleries, auction houses and collectors have faced economic hurdles caused by Brexit, the pandemic, and the war between Ukraine and Russia. But what exactly do the financial figures say?

The British Art Market Federation has commissioned Clare McAndrew’s firm Arts Economics, which also conducts the UBS Art Basel art market report, to dive deep into U.K. art market data. The result is the first of its kind financial report focusing on the British art trade since 2017. Here are five key takeaways.

The U.K. is still the world’s second biggest art market—for the time being

The U.K.’s art market accounts for 18 percent of the global industry by value in 2022, according to the report, making it the world’s second biggest behind the U.S., which had a 45 percent share. It swapped positions with China, which came in second with 20 percent in 2021, when the U.K. occupied third place with 17 percent. China’s market share dropped to 17 percent in 2022, making it the world’s third largest.

Read more: https://news.artnet.com/market/post-brexit-british-art-market-report-2398167

UK Art Market

UK arts venue called to reinstate celebration of Gaza literary event

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Source: N UK

More than 300 artists and cultural workers have urged a Manchester arts centre to reverse its decision to cancel an event celebrating Palestinian voices.

The Voices of Resilience, A Celebration of Gazan Writing event, scheduled for April 22, was called off by Home Manchester last week.

The venue said it had cancelled the event due to “recent publicity” and safety concerns for audiences and artists.

Read more: https://www.thenationalnews.com/news/uk/2024/04/02/uk-arts-venue-called-to-reinstate-celebration-of-gaza-literary-event/

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UK Art Market

The future of art collecting in the UK

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Source: The Up coming

In the United Kingdom, a land steeped in history and rich in artistic heritage, the future of art collecting is being quietly reshaped by the digital revolution. This transformation is not merely a shift in medium or method but a profound reimagining of how art is discovered, acquired, and cherished. As we navigate this new landscape, two pivotal trends stand out, poised to define the next era of art collecting: the meteoric rise of digital platforms and the critical importance of privacy and security in the management of art collections.

The digital realm has flung open the doors to art collecting, making it more accessible than ever before. No longer confined to the hallowed halls of galleries and auction houses, art collecting has embraced the digital age, offering collectors the ability to browse, purchase, and manage art from anywhere in the world. Central to this digital renaissance is the emergence of platforms dedicated to the digital art collection and management, which have become the new nexus for collectors. These platforms offer a seamless, integrated experience that caters to the needs of the modern collector, combining the thrill of discovery with the practicalities of management and security.

Read more: https://www.theupcoming.co.uk/2024/03/27/the-future-of-art-collecting-in-the-uk/

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UK Art Market

Art meets innovation: The BMW i5 Flow NOSTOKANA.

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Source: BMW GROUP

The BMW Group presents a fusion of art and innovation at the Frieze Los Angeles art fair in the form of the BMW i5 Flow NOSTOKANA. The one-of-a-kind vehicle combines colour-change technology developed by BMW with the artistic language of South African artist Esther Mahlangu. The designer piece, with sections of attached film that can be electronically animated, embodies the latest development in colour-change technology for vehicle surfaces in cooperation with E Ink. The BMW i5 Flow NOSTOKANA celebrates its world premiere at the fair opening on 29 February. The contemporary tribute recalls the BMW Art Car designed by Mahlangu in 1991. “The BMW i5 Flow NOSTOKANA honours the history of the BMW brand and continues the story of our global cultural engagement in a unique way. It combines art and design through progressive technology. Here, technology itself becomes art,” says Adrian van Hooydonk, head of BMW Group Design.

In 1991, Mahlangu designed the 12th BMW Art Car, based on a BMW 525i – becoming the first woman and first African artist to do so. “Her art inspired me years ago, back when the concept of colour change on a car was just an idea in my head,” says Stella Clarke, Research Engineer Open Innovations at the BMW Group. „Now, being able to realise this idea, and work with Esther Mahlangu, is absolutely surreal.” The 88-year-old artist’s signature colours and geometric patterns are perfect for bringing the innovative Flow technology to life in the BMW i5. The versatility of the electrophoretic colour changes makes the fully-electric sedan a dynamic work of art. “It is fascinating to me to see how modern technology can expand my art and make it accessible to a completely new audience,” says Mahlangu.

Read more: https://www.press.bmwgroup.com/united-kingdom/article/detail/T0439989EN_GB/art-meets-innovation:-the-bmw-i5-flow-nostokana

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