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London Art

Will the art market rebound? That might not be the right question

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Source: The Art Newspaper

For various, much-cited reasons to do with what was going on in the wider world, 2023 wasn’t a great year for the international art market. But 2024 promises to be better. At least, that’s what some experts are predicting—or hoping.

According to the 2023 A Year in Review report by the London-based art market analytics firm ArtTactic, auction sales of Old Master, Impressionist, Modern and contemporary works at Sotheby’s, Christie’s and Phillips—the key publicly available indicators of health (or otherwise) in this particular industry—dropped 27% last year, to $5.76bn. The firm “largely” attributed this result to “a 30% fall in the number of $10m-plus lots entering the market in 2023”.

Read more: https://www.theartnewspaper.com/2024/02/07/will-the-art-market-rebound-that-might-not-be-the-right-question

London Art

What are the best galleries in London? Artists choose their favorites

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Source: 6th South Florida

Artists named some of London’s most visited galleries including the Royal Academy and Tate Modern among their favorites.

They also picked smaller, contemporary galleries such as The Gilbert & George Centre and the Estorick Collection, a townhouse in the Islington area.

The artists also gave insider tips — such as going to an auction house to see top art for free.

London has long been home to some of the world’s leading art galleries — Tate Modern, Somerset House and the National Gallery are among the U.K.’s most visited attractions.

Read more: https://www.cnbc.com/2024/07/03/what-are-the-best-galleries-in-london-artists-choose-their-favorites.html

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London Art

London’s Royal Academy Summer Exhibition presents mix of art stars and newcomers

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Source: euronews

From a sculpted athletic torso pierced by metal rods to a skull adorned with glittering decorations, the Royal Academy’s eclectic Summer Exhibition has something for everyone.

The Royal Academy of Arts’ legendary summer exhibition is underway in London.

From big name artists, like Tracey Emin, to new and emerging talent, more than 1,700 works are on display across 13 gallery spaces.

The Royal Academy selects renowned artists like Emin as Royal Academicians, granting them membership in the historic institution. Currently, there are fewer than 100 Academicians, so each year, about two-thirds of the exhibited works are by non-members.

Read more: https://www.euronews.com/culture/2024/06/28/londons-royal-academy-summer-exhibition-presents-mix-of-art-stars-and-newcomers

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London Art

PuckA Preview of Christie’s and Phillips’ London Art Sales

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Source: Puck

A preview of the Phillips and Christie’s London sales, including a number of important works that may define—or rewrite—the narrative coalescing around the current art market.

Sotheby’s London Evening sale took in £83.6 million ($106 million) with 46 of 51 works sold. The hammer ratio was a passable 1.03. Those are the official statistics. But three lots were withdrawn, including the £6 million Tamara de Lempicka nude. If we included those lots, the hammer ratio falls to .94, or pretty much where we’ve been all through the first half of the year.

Even in soft sales there can be strong showings. Tonight, Françoise Gilot posted her ninth-highest auction price, for a 1944 self-portrait that made $457,200. A bouquet of lilacs that Pierre-Auguste Renoir painted in 1878 sold for more than 2.5 times the estimate to make $8.7 million. Cy Twombly, Lucio Fontana, Alberto Giacometti, Alexander Calder, Agnes Martin, and Lucy Bull all had good nights, too. Jean-Michel Basquiat “Portrait of the Artist as a Young Derelict”MARION MANEKER • June 23, 2024London Art Fogloic gouzerMARION MANEKER • June 18, 2024Loic Gouzer’s Imaginary Collectionlarry gagosianMARION MANEKER • June 16, 2024Basel’s New Money & a Gagosian Ouster.

Read more: https://puck.news/preview-of-christies-philiips-london-art-sales/

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