22 Results in category artmarket

How Covid-19 Has Forced the Art Market’s Speedy Digital Conversion

Jun 01, 2020

Carmen Herrera’s Untitled Estructura (Red), 1962/2018 in Lisson Gallery’s app © Lisson Gallery
Galleries and the art fairs they previously attended have had to accelerate their online presence more than any other area of the art business. Demand to create time-based online viewing rooms has skyrocketed, and for some it’s been a Damascene moment.
Read Full Article via The Art Newspaper

Art Galleries Respond to Virus Outbreak With Online Viewing Rooms

Mar 17, 2020

Many in the art world say an online viewing room cannot replace the firsthand experience of encountering a painting or a sculpture in person. But collectors have grown comfortable buying based on PDF images of artists they know from galleries they trust. Both galleries and auction houses have even made some significant sales based on images posted on Instagram. And when visiting a work of art becomes impossible, a digital substitute is better than not seeing the art at all.
Read Full Article via The New York Times

How Gagosian grew digital sales 350% with one great idea

Feb 10, 2020

Gagosian—one of the more traditional and established galleries in the art world—is figuring out how to sell high-end art online. 
Read Full Article via Fast Company

In the Post-Warren Kanders Era, Artists and Dealers Wonder: Should Collectors Be Vetted?

Oct 29, 2019

Philosophical and political divergences between artists and patrons are hardly new... Few dealers can afford to pick and choose. “It’s easy to be on your high horse when your profit margins are good,” said one New York art dealer, who requested anonymity. “But people hop off the horse and walk next to it when money gets tight.” 
Read full article via ArtNet

Online Art Collectors Look More Like Traditional Collectors than You Think

Sep 30, 2019

The art industry is at a crossroads. Never before have more people been engaged with art, thanks to the rise of digital channels and social media. Yet the market has largely stagnated over the past decade, and the number of artworks trading hands has decreased. As value has concentrated at the top of the market and costs have risen, galleries and auction houses are looking for new ways to ensure their businesses survive and thrive, to support artists, and to help connect collectors with artworks they love.
Read full article via Artsy

4 Key Challenges the Art Industry Faces Attract New Buyers

Sep 25, 2019

The art industry is at a crossroads. Never before have more people been engaged with art. Yet over the past decade, the market has largely stagnated and the number of artworks trading annually has decreased. Galleries and auction houses are looking for new ways to survive and thrive, with online sales receiving increased attention, given the significant opportunity to connect with and cultivate new collectors. Read Full Story via Artsy

What Lessons Can the Art World Learn From the Last Recession?

Aug 21, 2019

Lessons from 2008 provide insight into what happens to the art market during a recession. Were a new one to hit, here’s what the art world should expect.
Source: Observer

Art Basel: Small galleries are dying despite art market boom

Jun 18, 2019

The Art Basel is one of the top-selling international art fairs. Yet among the record-breaking sales, not all dealers are profiting from the hype.
Source: DW.COM

The Cost of Price Transparency: Why Some Dealers Would Rather Alienate You Forever Than Reveal the P

Jun 12, 2019

As Art Basel opens to VIPs, dealers and collectors break down the pros and cons of making prices for artwork easily accessible.
Source : artnet News-Eileen Kinsella

Opinion | Big Money and Art

May 22, 2019

An art dealer worries that large donations by collectors and gallery owners are influencing what works museums display.
Source : The New York Times