Women account for just 16% of NFT art market, and is Banksy on verge of another record?

Home » Women account for just 16% of NFT art market, and is Banksy on verge of another record?
Trolley Hunters (Banksy/Sotheby’s/PA)

A SUMMARY OF THE MOST EXCITING ART NEWS FROM AROUND THE GLOBE

While we focus on Indian art, we can’t obviously function in a vacuum. It’s a small world and everything is connected, especially on the web. So, let’s train our spotlight across the world map to see what’s going on — from art trends to socio-political issues to everything that affects the great aesthetic global consciousness. Or, let’s just travel the world and have some fun!

Women comprise just 16% of NFT art market

Men dominate the NFT market, but Grimes bucks the trend—her sales total $8.9m to date
Photo: Serguei/Flickr | Via The Art Newspaper

According to a report published by the research firm ArtTactic this week, women account for just 16% of the NFT art market. Overall, male artists account for 77% of all primary and secondary sales, at $258.3m. The survey bases its findings on primary and secondary market sales on Nifty Gateway over the past 21 months.  It also remarked that 55% of all sales are raised by 5% of artists (16 artists in total). Overall, the top 25% of artists account for almost 90% of total values. Overall, $90.6m, or 23% of sales on Nifty Gateway, have so far been raised via collaborative projects. The Art Newspaper dissects it all.

 

Is Banksy on the verge of another record?

Trolley Hunters (Banksy/Sotheby’s/PA)

Depicting three prehistoric figures hunting a herd of empty supermarket trolleys, this Banksy painting could sell for as much as 7 million US dollars. The painted canvas, titled Trolley Hunters, will go under the hammer this month at Sotheby’s in New York. The canvas will go on public view this month, for the first time in the US since anonymous street artist Banksy unveiled the work in his Barely Legal show, held in Los Angeles during 2006. It comes after Love Is In The Bin broke Banksy’s record when it was sold for £18,582,000 in London by Sotheby’s last month. Independent.ie shares the details.

 

Death, divorce, debt: They drive multimillion-dollar auctions

Gustave Caillebotte’s “Jeune homme à sa fenêtre” (1876) has a $50m estimate © Christie’s Images | Via Financial Times

The saying goes that supply at auction is determined by the three Ds: divorce, death and debt. Now, prestigious postwar works are coming to market after the divorce of Harry and Linda Macklowe, and Sotheby’s catalogue for the first part of this sale on November 15 reveals 35 works with a total estimate of up to $618.9m. Similarly, 23 works in the Impressionist art collection of the Texas oilman and philanthropist Edwin Cox, who died a year ago this week, will be offered at his auction house offers on November 11. Financial Times breaks down the sector trends.

 

Match your pet to a famous art portrait!

This feature is currently available on the Android version 9.0.27 update

The Google Arts & Culture app has been in the news for its camera features before (compare your selfie to a celebrity, anyone?), but three years down the line, its update to version 9.0.27 on Android has given it yet another cute dimension. Now, you can take a picture of your pet and Google will compare it to “artworks from museums around the world”. This new, experimental feature uses computer vision technology to compare your pet’s photo with 1000s of historical artworks. You can view them as swipeable stills or a story-like slideshow. 9To5Google tells you more.

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