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Art Basel 2024 Report: Sales in The Art Market Decelerated in 2023

Art Basel 2024, art market /

After experiencing two years of expansion, sales in the art market decelerated in 2023. Factors such as rising interest rates, persistent inflation, geopolitical conflicts, and uncertainty in global politics contributed to a more discerning and cautious approach among high-end buyers. This segment had been crucial in driving sales recovery following the COVID-19 pandemic in 2021 […]

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AstaGuru Showcases The Evolution of Indian Art With Two Auctions – ‘Stroke And Structure’ and ‘Visionaries’

Auction /

After the outstanding success of the milestone 100th auction and ‘The Exceptionals’ Jewellery, Silver and Timepieces auction, AstaGuru is set to host two consecutive auctions dedicated to Modern & Contemporary Indian art. The Modern Indian Art Auction titled ‘Stroke & Structure’ is scheduled to be held on June 20-21, 2024 and will showcase a wide

AstaGuru Showcases The Evolution of Indian Art With Two Auctions – ‘Stroke And Structure’ and ‘Visionaries’ Read More »

Christie’s 20th Century Evening Sale Nets $413 Million

art market, Auction, News /

The New York evening auctions concluded on Thursday night with Christie’s 20th Century Evening Sale, achieving a total of $413 million, comfortably within its pre-sale estimate range of $342 million to $497 million. Highlights of the Auction The brisk, 64-lot sale featured notable pieces by renowned artists, including a David Hockney painting once owned by

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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

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

Basquiat’s Stretcher-Bar Painting Expected to Fetch $30m in New York Spring Auctions

News /

Next month, a significant artwork by Jean-Michel Basquiat, titled “The Italian Version of Popeye has no Pork in his Diet,” will be up for auction at Christie’s in New York. Executed in 1982 during the artist’s peak year, the painting features Basquiat’s iconic imagery, including a crown, a wide-eyed face, and cascades of text, on

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A Hong Kong edition of Shanghai Art021 will debut, targeting galleries in the Global South.

News /

Introduction After months of speculation, Art021, a prominent art fair operator based in Shanghai, has officially announced the launch of its inaugural Hong Kong fair, scheduled tentatively for July 2024. Named Art021 Hong Kong, the event is set to be an invitation-only affair, with participating galleries handpicked by the organizers. Focused on Art from the

A Hong Kong edition of Shanghai Art021 will debut, targeting galleries in the Global South. Read More »

Yayoi Kusama Emerges as Top-Selling Contemporary Artist of 2023

News /

Introduction Japanese artist Yayoi Kusama made headlines in 2023 as she surpassed David Hockney to become the top-selling contemporary artist of the year. With her kaleidoscopic paintings and installations captivating audiences worldwide, Kusama’s auction sales reached an impressive $80.9 million, according to the latest Hiscox Artist Top 100 report. Rise to the Top Despite being

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Charting the Path: Siddharth Patel’s Artistic Odyssey from Adventure to Expression

Artists of the Week /

A traveller of life’s many roads, Siddharth Patel has moved with ease from the business and adventure worlds to the dynamic world of the arts. Having a natural curiosity and an unquenchable hunger for discovery, Patel started his journey on the busy streets of Ahmedabad. Having pursued commerce in his academic pursuits, Patel found himself

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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

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

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 »

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