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Michelangelo’s Hidden Treasure: A Scribble Fetches $201,600 at Christie’s Auction

art market, Auction, News /

Discovery and Provenance A seemingly unassuming scribble found on the back of a frame has turned out to be a hidden gem attributed to none other than the Italian Renaissance master, Michelangelo. The 1.8 by 2.6 inch piece of yellowed paper, initially estimated at $6,000 to $8,000, fetched a staggering $201,600 at a recent Christie’s […]

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Women Outspend Men in Art Collecting: Median Spending Hits $72,500 in 2023, Finds Survey

art market /

In the traditionally male-dominated realm of art collecting, a notable shift is underway. Recent data from Dr. Clare McAndrew’s Art Basel and UBS Survey of Global Collecting in 2023 reveals a significant uptick in the participation and influence of female collectors. While male collectors often grab headlines for extravagant purchases, McAndrew’s findings underscore a growing

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Sotheby’s Expands Reach to Tap into Growing Indian Art Collector Market

art market, News /

Introduction The art world has long been a realm of sophistication and exclusivity, but recent trends indicate a shifting landscape, particularly in India. With a burgeoning class of young art enthusiasts and an increasing comfort with art investment, British auction house Sotheby’s is strategically positioning itself to cater to this evolving market. Catering to Young

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Asia’s Art Market Thrives Amid Pandemic, Attracts New Millennial Collectors

art market, News /

Amidst the challenges posed by the pandemic, the Asian art market has displayed remarkable resilience, buoyed by a surge in new collectors, particularly among the millennial demographic. This surge is attributed to the region’s substantial wealth creation, fueled by a flourishing stock market, and facilitated by increased digital access to art purchases. Emergence of New

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Art Dealers Navigate Challenges and Seek Innovation to Sustain Market Appeal. But, How?

art market /

In the face of well-known challenges, including dwindling supply, perceived irrelevance, and investment concerns, the Old Master art market grapples with a supposed irreversible decline. Critics argue that the traditional appeal of these works doesn’t resonate in today’s art landscape, leading to a decline in interest and market value. Dynamics of Discovery: A New Driver

Art Dealers Navigate Challenges and Seek Innovation to Sustain Market Appeal. But, How? Read More »

Art Fraud Tops List of Concerns for Collectors, Surpassing Travel Damage and Environmental Disasters

art market /

Art collectors in North America are increasingly wary of fraud and provenance issues as the primary risks to their prized collections, outpacing worries about damage during travel and natural deterioration, according to a comprehensive wealth report released by Chubb, a leading insurance company. Investment and Collecting Trends The report, based on a survey of 800

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Les Lalanne: The Global Appeal of Whimsical Surrealism

art market /

Les Lalanne is the term given to address the French artists couple Francois-Xavier and Claude Lalanne. Born in Agen, France, Francois Xavier Lalanne became interested in sculpting after attending school in Paris and working at the Louvre. In 1952, Constantin Brâncuși introduced him to prominent painters, whereupon he met Claude, his future wife. Rejecting abstract

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Prices Rise to Record High As the Scale of Indian Art Burgeons After Covid

art market /

On August 31, an SH Raza acrylic on canvas, titled Gestation (1989), became the most valuable Indian artwork ever sold at an auction. It went for an astounding Rs 51.75 crore, including commissions. The same day, two more records were made. FN Souza’s oil painting, Hunger, fetched Rs 34.5 crore, marking a new pinnacle for the artist,

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Indian Art Forms as Soft Power: How Indian Art Forms Contribute to India’s Influence Abroad.

art market, Columns /

What is Soft Power? In its fundamental essence, ‘power’ encapsulates the capacity to effect change and exert influence over others, persuading them to act in ways they might not have independently chosen. These insights are drawn from the scholarly work of Joseph Nye, a political activist in the 1980s, at Harvard University, who delved into

Indian Art Forms as Soft Power: How Indian Art Forms Contribute to India’s Influence Abroad. Read More »

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