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Not So Young Anymore: YBA Follow UpKnown for their “shock tactics” and an attitude described as "both oppositional and entrepreneurial,” the Young British Artists dominated British art in the 90s. In 1988, the YBAs, led by Damien Hirst, began to exhibit together in London. It all started with Freeze, their art exhibition that took place in an empty London Port Authority…
How is China’s Current Art Market?$354.8 million That’s how much works by Chinese modernist painter, Zhang Daqian, who died in 1983 generated in auction sales in 2016. And before that, modernist painter Zao Wou-Ki’s artwork set an auction high at Christie’s by selling at $19.6 million. According to an article on Artsy in 2016, China surpassed the U.S. in auction…
Auction to Private Art Sales: Art Market Power ShiftThere has been a noteworthy power shift in high-end art market eco-system in the recent time. Auction house that has been an unshakable power base to headline-making top-end of the art market throughout the post-war era to the recent decades, no longer seems to be a flag bearer of the highly lucrative secondary art market.…
New Art World and Changing Concept of OwnershipOn February 7, 2017, The Metropolitan Museum of Art announced a new policy known as Open Access, releasing large number of images of artworks from the museum’s 2 million collections in the public domain freely available for unrestricted use. These art images represent “the main body of collections” according to the museum’s director Thomas P.…
Who Owns Street ArtFrom illicitly painted scribbles and drawings tagged on city walls once perceived as vandalism to graffiti, street art's evolution has a long and fascinating story. Street art and graffiti’s history that has spanned decades is complex yet proud, with many graffiti artists being far from the criminals or gang members that they were assumed to…
Art Theft: Protecting Your CollectionAccording to the FBI, 52% of art thefts in the U.S. happen in people’s home with only 10% of art thefts occurring in galleries. And of all that stolen art, only 5% is recovered. In American history, the largest art theft robbery was Boston’s Isabella Stewart Gardner Museum Heist of 1990, where the stolen artworks…








