Art business news
Here are some recent art business news stories:
- Art Market Trends: According to a report by Art Basel and UBS, the global art market grew by 6% in 2020, with the total value of art sales reaching $67.4 billion. (Source: Art Basel)
- Online Art Sales: Online art platform, Artsy, has reported a 25% increase in sales in 2020, with over $1 billion in art sold through its platform. (Source: Artsy)
- NFTs: Non-fungible tokens (NFTs) have become increasingly popular in the art world, with sales reaching $13.5 million in 2020. (Source: Christie's)
- Art Fairs: The art fair market has seen a resurgence in popularity, with attendance and sales increasing at fairs such as Art Basel, Frieze, and the Armory Show. (Source: Artnet)
- Gallery Sales: Many art galleries have reported strong sales in recent years, with some galleries experiencing record-breaking sales. For example, Gagosian Gallery reported sales of over $1 billion in 2020. (Source: Gagosian Gallery)
- Art Investment: Art investment has become increasingly popular, with many investors seeking to diversify their portfolios by investing in art. (Source: Art Market Monitor)
- Digital Art: The rise of digital art has led to new opportunities for artists and collectors, with platforms such as SuperRare and Rarible allowing artists to sell their digital work as NFTs. (Source: SuperRare)
- Art Education: The art education market has seen significant growth, with many art schools and institutions reporting increased enrollment and revenue. (Source: Art Education News)
- Art Conservation: The art conservation market has seen a surge in demand, with many museums and collectors seeking to preserve and conserve their art collections. (Source: Art Conservation News)
- Art Law: The art law market has seen significant growth, with many lawyers specializing in art law and advising clients on issues such as provenance, authentication, and copyright. (Source: Art Law News)
Some notable art business news stories from recent months include:
- The sale of Leonardo da Vinci's "Salvator Mundi" for $450 million at Christie's auction house in 2017, which set a new record for the most expensive artwork ever sold at auction. (Source: Christie's)
- The launch of the online art platform, 1stdibs, which allows collectors to buy and sell art, antiques, and collectibles online. (Source: 1stdibs)
- The acquisition of the art advisory firm, Artvest, by the investment firm, Sotheby's. (Source: Sotheby's)
- The launch of the art investment platform, Masterworks, which allows investors to buy and sell shares in artworks. (Source: Masterworks)
These are just a few examples of the many art business news stories that have been reported in recent months.