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.
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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
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.
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.
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
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
May 01, 2019
Anti-money laundering legislation in the U.S. and Europe would increase art market transparency while also burdening dealers with administrative costs.
Source : Artsy-Dean Nicyper
Apr 04, 2019
While it would seem to be good public policy to enact legislation that will prevent money laundering, terrorism, and fraud, art market leaders are concerned that money laundering in art transactions is not a big enough issue to justify the regulatory burden.
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Apr 04, 2019
In 1789, Benjamin Franklin wrote, “In this world, nothing can be said to be certain, except death and taxes,” and while they are both generally considered to be unavoidable and unpleasant, fortunately, there are professionals who can make the burden of taxes and other financial obligations somewhat lighter for individuals and businesses.
There are many accountants and accounting firms that specialize in services for the art market. From helping artists file individual tax returns to bookkeeping services, management accounting and budgeting, tax and VAT compliance, annual statutory accounts and audit services for arts-based businesses, accountants can accomplish a wide range of ...
Mar 26, 2019
High-end art, antiquities, and antiques have become more and more attractive to money launders says, Peter D. Hardy a partner at Ballard Spahr, writing for The National Law Review, in an in-depth article published today.
Source : Artlyst-Paul Carter Robinson