Bye bye, blockbusters: can the art world adapt to Covid-19?

Bye bye, blockbusters: can the art world adapt to Covid-19?

There isn’t a business worldwide that hasn’t felt the virus’s impact, and the art world has been far from immune. The art industry that has become synonymous with hyper-connectedness and global mobility is now at a standstill. The glitzy fairs and crowded shows are history, replaced with Zoom studio tours and virtual exhibitions. Andrew Dickson reflects if this might actually mark an improvement.
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How to Experience Art & Culture During Coronavirus

How to Experience Art & Culture During Coronavirus

Normally in March, we enjoy a bloom of arts activity across all media—performances, visual art, movies, you name it. As the arts ramp up in springtime, busy cultural summers begin to unfold. The cultural season kicks off with the start of summer art fairs, graduation exhibits for MFA and BFA students, an influx of new theater on Broadway, film festivals and concert venue programming for summer events.

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Marcel Lisboa voted the Artist of the Month

Marcel Lisboa voted the Artist of the Month

BE OPEN Art is happy to announce that Marcel Lisboa, graphic designer based in São Paulo, Brazil has been voted the Artist of the Month by the visitors of art.beopenfuture.com

Aiming to showcase emerging talents, every month we invite everyone passionate with art to choose the best artist among those exhibited in our online gallery. Congratulations to Marcel Lisboa whose impressive and arresting work has gained him a majority of votes in March!

We also take the opportunity to applause to all the featured artists and thank everyone who voted.

The Often-Ignored Problem with Buying Art as an Investment

The Often-Ignored Problem with Buying Art as an Investment

Is art a good investment? According to experts, art often outperforms other asset classes like real estate, while the Wall Street Journal declared that art achieved a 10.6 percent return in 2018 based on Art Market Research’s Art 100 Index, outpacing all other categories. Martin Gammon looks into the question whether art is an attractive asset class for a middle market investor with a typical 5–10 year horizon analogous to other alternative investments.
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For Galleries, Online Viewing Rooms Are About Storytelling and Sales

For Galleries, Online Viewing Rooms Are About Storytelling and Sales

In 2019, we’re well beyond the question of whether collectors are willing to purchase works they’ve only seen online. (Spoiler alert: They are!) The most exciting developments in the online viewing room space will doubtlessly come from galleries with the energy and resources to experiment with the form of what a virtual exhibition can be. Scott Indrisek explores how online viewing rooms function (via artsy.net)
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The Global Art Market Reports 2019

The first one, authored by renowned cultural economist Dr Clare McAndrew, is the annual analysis that provides fresh insight into a complex market, identifying key trends and assessing the impact of wider economic shifts. Insights from the report by the Art Basel and UBS include the decade’s second-highest level of global art market sales in 2018, active buying by millennials, and growing engagement with online sales. Read at Coinsweekly
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Top 9 Tips for Emerging Art Collectors

Top 9 Tips for Emerging Art Collectors

You don’t need to be an art historian to build the collection of your dreams. Whether you have questions about who to connect with or how to prepare for your first big purchase, just follow these nine top tips from Artwork Archive, one of the most respectable resources that provides emerging collectors with tools they need to set out on your journey into the art world.
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Cracking the Millennial Market: How Art Businesses Are Tweaking Their Strategies to Target the Next Generation of Collectors

Cracking the Millennial Market: How Art Businesses Are Tweaking Their Strategies to Target the Next Generation of Collectors

When KAWS’s painting of characters from The Simpsons sold for $14.8 million at Sotheby’s Hong Kong in March, the news seemed to herald the buying power of a new generation of art collectors. Nearly half of the attendees at the sale, which was dedicated to the private collection of 48-year-old Japanese DJ and fashion designer NIGO, were under 40 years old. “The auction room suddenly got a lot hipper, with all these cool millennial buyers in hoodies,” Edie Hu, art advisory specialist at Citi Private Bank in Hong Kong, told Bloomberg after the auction.
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Evan Beard: The Rapid Rise of Millennial Collectors Will Change How Art Is Bought and Sold

Evan Beard: The Rapid Rise of Millennial Collectors Will Change How Art Is Bought and Sold

Groucho Marx once said that he never wanted to belong to any club that would accept him as a member. I feel a similar skepticism about being part of a club I never asked to join. But my 1983 birth grants me membership in what demographers and marketers now call “millennials.” Like every generation, our predecessors say we’re spoiled and self-absorbed—Timemagazine dubbed us the “Me Me Me Generation.” A generous history may one day overlook our need for constant validation and safe spaces, but for now, the cliché of being over-parented, over-schooled, and over-protected isn’t completely off base.
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Goodbye Art World, Hello Art Industry: How the Art Market Has Transformed—Radically—Over the Past 30 Years

Goodbye Art World, Hello Art Industry: How the Art Market Has Transformed—Radically—Over the Past 30 Years

The scale and contours of today’s art world would have been largely inconceivable to dealers, auction-house professionals, and collectors 30 years ago. The business of the past has been replaced by a multibillion-dollar international industry. Tastes have changed; non-Western economies have emerged as essential forces; and what was once a quaint cottage industry has become surprisingly corporate.  Tim Schneider explores how this transformation has become possible (via artnet.com).
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