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Art Market

When the art market is tight, quality is key

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Source: Apollo

Even with rose-coloured glasses, it would be hard to look past the fact that global auction sales fell a cumulative 19 per cent at Christie’s, Phillips and Sotheby’s in 2023, racking up a rather sobering $11.6bn, some $2.1bn less than in 2022. These numbers, provided by the London-based art market analysis firm ArtTactic, signal a kind of art-market correction. Bidders have become more hesitant – happier to watch and wait.

‘I think the big story in 2023,’ says New York-based art advisor Mary Hoeveler, ‘was the disconnect between buyer and seller expectations in terms of pricing and that prices are still too high. There’s plenty of demand but buyers are expecting things at lower prices now than they were paying in 2021 and early 2022 and I still feel that hasn’t aligned itself.’

Read more: https://www.apollo-magazine.com/art-market-2023-single-owner-sales-caution/

Art Market

Josh Collaborates With Art Kin Centre For New Edition Of Art Market

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Source: Filmi Beat

Josh, India’s most popular short video-making app, has been a perfect platform for people to showcase their talent. It gave people across the country the opportunity to showcase their talent across genres and reach out to the audience. Besides, Josh has also been a platform to promote art. And now, this popular app has collaborated with Art Kin Centre for another edition of the art market in TT Krishnamachari Rd, Alwarpet, Chennai between June 14 to June 16.

To note, the AKC art market is a platform entirely curated for artists, artisans, crafters, bakers, homegrown brands, and more to sell directly to the audience who resonate with and buy from them. This art market not only puts the sellers at the forefront but also allows them to test the waters for their new and experimental work.

Read more: https://www.filmibeat.com/tamil/news/2024/josh-collaborates-with-art-kin-centre-for-new-edition-of-art-market-401115.html

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Art Market

Art Storage Services Market (YoY) Growth Analysis | Cadogan Tate, Classic FA, LONO

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Source: NewsMag

The Art Storage Services Market 2024 report offers a wealth of informative data and valuable insights into key market components that are poised to shape the future trajectory of the market. It delves into various factors such as market size, market share, market segmentation, and significant growth drivers, providing a comprehensive understanding of market dynamics. Additionally, the report examines market competition, economic cycles, demand fluctuations, changing customer sentiments, and the presence of key companies operating within the Art Storage Services Market.

Read more: http://amore.ng/worldwide/40/art-storage-services-market-yoy-growth-analysis-cadogan-tate-classic-fa-lono/

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Art Market

How Indigenous artists are holding their own in the art market

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Source: Apollo

Does the Venice Biennale affect the art market? The consensus on this non-commercial festival, which opened last month, is usually yes. In the va-va-voom 2000s it was common to see collectors snapping up works by Venice stars as soon as they could at Art Basel (for years the Venice preview ended two days before the opening of the fair). ‘See in Venice, buy in Basel’ became an often-repeated phrase.

If the conventional wisdom holds true, this year should be a good one for Indigenous artists – those who trace their ancestries to the first inhabitants of countries such as Canada, Australia, Brazil and Norway. The winner of the Golden Lion for the best national pavilion, Archie Moore, is of Kamilaroi/Bigambul heritage. His stark, black and white installation in the Australian pavilion is a memorial to the 60,000-year history of his Aboriginal ancestors. Indigenous artists Jeffrey Gibson, Inuuteq Storch and Glicéria Tupinambá also represented the United States, Denmark and Brazil respectively.

Read more: https://www.apollo-magazine.com/indigenous-artists-venice-biennale-market-jeffrey-gibson-archie-moore/

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