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The Artist’s Guide to Market Research to Promote and Sell Art
Image from “Affordable Art Fair NYC is Back IRL” | Source: artzealous.com
The Artist’s Guide to Market Research to Promote and Sell Art
Even before the pandemic-induced economic downturn, the art market was already experiencing one of its worst recessions. But while the art market has seemingly stagnated, what many art experts believe will happen next is the reinvention of the art scene. With more and more galleries closing and large-scale art fairs cancelling left and right, the…
How To Navigate the Art Market Through a Tough Economy
Photo by Anastasia Petrova on Unsplash
How To Navigate the Art Market Through a Tough Economy
The Great Recession of 2008 reminded us that economic nosedives happen. When they do, the art market and most other industries need to adapt and navigate their way through the disruption. However, what we were never prepared for was a global pandemic, one that overwhelmed the healthcare system, forced lockdowns, and crippled the economy. We…
History of Auctions & Auction Houses
Eugène Benjamin Fichel’s view of an auction at Drouot in 1876 which made €80,000 ($94,000) in a sale held by Beaussant Lefèvre on June 22 at the Paris auction center. | Image source: antiquestradegazette.com
History of Auctions & Auction Houses
The attraction and excitement of an auction are well known, with tantalizingly enticing prices for often rare and desirable objects and collectibles. In this day and age, this is especially true, in the backdrops of mass-market consumerism and uber-wealthy collectors' lust to obtain one-of-a-kind and unique art and objects at attractive rates. However, the business…
Native American Art, Finally Happening
Art Market
Native American Art, Finally HappeningNative American culture is very diverse and full of rich traditions that have survived multiple changes throughout history. It has continued to thrive on the North American continent for thousands of years. Today, it is estimated that about 574 Federally recognized American Indians and Alaskan Native tribes and villages are located in the United States,…
Why the Art Gallery System Is Flawed
Art Market
Why the Art Gallery System Is FlawedDetermining the economics of today's art gallery system in the Western World can be quite difficult for the uninitiated. It's crucial to remember that most, if not all, primary art sales take place in art galleries. When we talk about primary art sales, we refer to art being sold directly by the artist and not…
Art Forgery Business and Our Quest for Authenticity
Art Market
Art Forgery Business and Our Quest for AuthenticityDespite the best efforts by art institutions and private owners to safeguard original artworks and prized collections, the art forgery business has been spawning constant top news flashes with massive art crime scandals in the art world. Earlier this year, the private Jacquemart André Museum in Paris was exhibiting the US-based private art collection —Alana…
Art Fairs Model – Good or Bad?
Art Market
Art Fairs Model – Good or Bad?According to The Art Market | 2019, the annual global art market analysis by Art Basel and UBS, sales in the global art market reached a staggering $67.4 billion in 2018. The U.S. accounted for 44% of sales, making the nation the largest art market worldwide. With an estimated $16.5 billion, art fair sales account…
Does Size Matter in Art?
Art Market
Does Size Matter in Art?In March 2019, New York-based illustrator, sculptor, and street artist Brian Donnelly, best known as KAWS, launched a massive 121-foot-long inflatable sculpture at Hong Kong’s Victoria Harbour. The monumental work was pulled out into the waterfront of Tamar Park using tugboats. The work features his signature character, Companion, a gray sculpture modeled after Mickey Mouse whose…
An exhibition in the Urban Nation Museum For Contemporary Art. Photo: DPA | Image source: thelocal.de
Art Market, Art World
Is the Art World’s Gender Pay Gap Wider?Historically, there’s always been an apparent imbalance in the art world when it comes to female representation. However, it’s only been in just the last few years that government agencies and professional researchers have studied just how deep the disparity is in everything from giving female artists a bigger platform to how much they earn…