Source: Mail&Guardian.
The fine-arts industry, with its mixed bag of posterity and austerity, has not been immune to the spread of Covid-19. Consuming art is a visual activity that uses sight and sometimes touch at galleries, museums, or even private showings. But almost a year since the outbreak, the persistent Covid-19 has been making purveyors of art realise that many people are happy to appreciate or buy art online. Read more
Source: The Art Newspaper.
With interest in non-fungible tokens growing fast, the legal questions are testing the experts. Alongside cryptocurrency-rich investors looking for a quick profit, scammers and fraudsters have entered the space amid the frenzy.
BE OPEN Art is happy to announce that Yulia Virko, Switzerland-born and Moscow-based artist exploring the complexity of human nature and consciousness, has been voted the Artist of the Month by the visitors of art.beopenfuture.com website.
Source: Forbes.
With the art world more accessible than ever before, thanks to a rise in online platforms, virtual galleries and sharing platforms, maybe it’s time to explore your inner Picasso or Koons? As a result of these exploratory channels and viable career paths evolving, up-and-coming artists are finding support from new avenues, encouraging them to take the leap of faith as individual creators.
Source: The Art Newspaper.
After a year in which the coronavirus wreaked havoc, vaccines offer hope. We look at the the state of play, and the outlook, for countries around the world.
Read more
Source: ArtCollection.io.
While art flipping has been around for decades, awareness of the subject and how it negatively affects the careers of emerging artists is starting to get traction within the art market. Can this practice be regulated? And, should galleries, art advisors, auction houses, and art dealers do more to stop the practice? This article explores the consequences of art flipping while also touching on the importance of reducing or, preferably, avoiding it completely.
BE OPEN Art is happy to announce that Bernadett Timko, Hungary-born and London-based painter, printmaker and sculptor, 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 Bernadett Timko whose impressive true-to-life paintings has gained her a majority of votes in April!
We also take the opportunity to applause to all the featured artists and thank everyone who voted.
Source: Times.
NFTs are having their big-bang moment: collectors and speculators have spent more than $200 million on an array of NFT-based artwork, memes and GIFs in the past month alone, compared with $250 million throughout all of 2020. The phenomenon is attracting a strange brew of not just artists and collectors, but also speculators looking to get rich off the latest fad. Read more
Source: Artsy.
Who are these online art collectors and how can the industry better serve them? This report unpacks the similarities and differences between online collectors’ spending patterns, motivations, and challenges, and compares them to those of traditional art buyers. It confirms some perceptions about online buyers and shatters others. Read more
BE OPEN Art is happy to announce March 2021 Artist of the Month whose works gained a majority of votes from the visitors of the online gallery’s website.
Source: The Art Gorgeous.
TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, most well-known for its short-form videos of dance and comedy acts. However, today the social media platform is also proving to be an effective medium for visual artists to showcase their art and institutions to attract a Gen-Z audience through their doors.
Source: The Week.
Buying art used to be an intimidating prospect, but that’s a barrier that has really been broken down in recent years, particularly with the rise of online art sites, plus artists’ own presence on social media sites. Alice Phillimore, lead curator at Artfinder, explains everything you need to know about getting started with your collection.
Source: ArtGorgeous.
As the art market is changing, galleries, merchants and auction houses are seeing their business models disrupted. Although Gen Z is already starting to cause rifts on the art market scene, millennials are still the most discussed generations to date, when it comes to collecting art.
Source: Artsy.
The statistics of the past few decades confirm that the art world is not one of gender parity. Works by female artists comprise a small share of major permanent collections in the U.S. and Europe, while at auction, women’s artworks sell for a significant discount compared with men’s. Sociologist Taylor Whitten Brown explores the reasons of this inequality.
BE OPEN Art is happy to announce that Corinna Wagner, a self-taught artist based in Frankfurt, Germany, has been voted the Artist of the Month by the visitors of art.beopenfuture.com
Aiming to showcase emerging talents, every month we invite people passionate with art to choose the best artist among those exhibited in our online gallery. Congratulations to Corinna, whose mesmerizing paintings have gained her a majority of votes in February!
We also take the opportunity to applaud all the featured artists and thank everyone who voted.
Source: WhatInvestment.
The art world is facing undeniable pressures as the global pandemic forges on, with artists and galleries scrambling to respond to unprecedented circumstances and onerous financial pressures. With the market outlook being so uncertain, many collectors will be wondering whether now is a wise time to be investing in art. Anita Choudhrie examines the impact of COVID-19 on the art world.
Source: Art Basel.
Millennials’ preferences have revolutionized everything from ride sharing and food delivery to sneaker shopping and dating, but the art industry has, so far, been slow to keep pace. Finally, however, there is evidence that younger people are taking a strong interest in collecting art – and changing the channels through which it is sold.
Read more
Source: Artsy.
Art advisors offer a range of services, from simply educating new collectors and suggesting art for a new apartment, to providing access to hard-to-acquire artists and helping develop a philosophical foundation for a major collection. Fundamentally, an advisor uses their expertise to help a client make better, more informed purchases that will stand the test of time. So what should one expect when hiring an art advisor?
Read more
BE OPEN Art is happy to announce that Georgia Theologou, an artist based in Athens, has been voted the Artist of the Month by the visitors of art.beopenfuture.com
Aiming to showcase emerging talents, every month we invite people passionate with art to choose the best artist among those exhibited in our online gallery. Congratulations to Georgia Theologou, whose fragile and feminine artworks have gained her a majority of votes in January!
We also take the opportunity to applaud all the featured artists and thank everyone who voted.
See more of Georgia’s works at http://art.beopenfuture.com/georgia-theologou/
Source: ARTnews.
Mark Oldman, a wine expert based in New York, didn’t have as much time or headspace as he wanted to devote to his collecting—until this past spring, when the coronavirus lockdown put everything on pause and he, like much of the world, was stuck at home. “In a way, you can say that during the pandemic I became a collector,” he told ARTnews.
Source: The Art Newspaper.
The pandemic has ripped apart the industry as we know it this year but it has sparked innovation and conversation like never before. Key art market figures comment on 2020 and 2021.
Source: Financial Times.
If 2020 has taught us anything, it is that there is no such thing as a predictable year. But as we all try to make sense of a changed world here is a stab at how the art market’s slowdown in sales, drought of fairs and mass move online will play out over the next 12 months.
BE OPEN Art is happy to announce that Theophilus Tetteh (NiiOdai), experimental and expressionist artist from Ghana, has been voted the Artist of the Month by the visitors of art.beopenfuture.com
Aiming to showcase emerging talents, every month we invite people passionate with art to choose the best artist among those exhibited in our online gallery. Congratulations to Nii Odai, whose bespoke paintings have gained him a majority of votes in December!
We also take the opportunity to applaud all the featured artists and thank everyone who voted.
Source: The Art Newspaper.
The art market is often described as a totally unregulated market, a statement that is certainly not true, compared with much larger markets such as financial services, which have stringent rules around. But things are changing fast.
Source: The Art Newspaper.
A year marked by wholesale event cancellations and job losses has also seen the art market innovate to keep businesses going.
Read more
BE OPEN Art is happy to announce that Daniele Cenni, self-taught collage artist from Italy, has been voted the Artist of the Month by the visitors of art.beopenfuture.com.
Source: The Art Newspaper
Alternative sales models are springing up on the social media platform. Despite assumptions, people are actually buying art on Instagram—and in growing numbers. So, how are people buying?
By Aimee Dawson
Source: Artsy
The causal links between price points on the secondary auction market and supply, demand, critical reputation, celebrity, cultural tastes, and the wider economy are complex. However, death, both timely and untimely, has the potential to radically shift all these relationships and produce a change in price. Read more
Source: Artnet.
Unprecedented circumstances have engendered a new willingness to buy and sell art online, but collectors and dealers ought to be aware of the risks that come with online transactions. In order to protect from potential losses, collectors would do well to make sure their seller has a thorough cyber insurance policy.
BE OPEN Art is happy to announce that Mustafa Sönmez, artist based in Turkey, has been voted the Artist of the Month by the visitors of art.beopenfuture.com
Aiming to showcase emerging talents, every month we invite people passionate with art to choose the best artist among those exhibited in our online gallery. Congratulations to Mustafa Sönmez whose enigmatic paintings have gained him a majority of votes in October!
We also take the opportunity to applaud all the featured artists and thank everyone who voted.
Source: Artnet.
Given the contemporary art field’s heavy reliance on physical spaces, in-person networking, and crossing of borders, lockdown presents a devastating disruption. But while COVID-19 may be unprecedented, it has brought to the surface underlying issues and forced us to face a series of big questions concerning the future of the sector. This July, the Serpentine Galleries launched the “Future Art Ecosystems: Art x Advanced Technologies” report focused on technologies’ impact on the arts. It offers alternative propositions for rebuilding the sector in the near future.
Source: The Guardian.
As the art world adapts to the reality of the Covid-19 lockdown with virtual tours, live-streamed artist Q&As and Instagram Live videos occupying the space once filled by physical exhibitions, video art is flourishing.
Source: ARTnews.
Many of the world’s most eagerly awaited exhibitions planned for 2020 and 2021 have been pushed to later dates as schedules are scrambled and travel restrictions remain due to the coronavirus outbreak. The article features a list of the biennials that have been delayed by the pandemic, including some that have already opened after being pushed back. This list will be updated as further announcements are made.
BE OPEN Art is happy to announce that Julie Liger-Belair, mixed-media Artist based in Canada, has been voted the Artist of the Month by the visitors of art.beopenfuture.com.
Source: Artnet.
Artificial intelligence and machine learning have already become invisibly braided into our daily lives. Although the art business has often lagged behind the cutting edge of technology, a. software-savvy vanguard is working to integrate machine learning and A.I. into the trade. In this article, Tim Schneider lays out seven practical ways A.I. could transform the market.
Source: Artsy.
The New York based art historian and global head of the UBS Art Collection, explores the diverse and impactful shifts in the art world that have taken place in less than a decade. These include the normalization of art as a financial investment, the global proliferation of private museums, and the blurring of traditional roles for auction houses and art galleries, to name just a few.
Source: Artnet.
We all know 2020 was a bad year for the art market, which saw the cancellation of virtually every live auction, fair, and exhibition. But just how bad was it? A new study from Art Basel and UBS titled “The Impact of COVID-19 on the Gallery Sector” aims to survey the extent of the damage. Read more
Source: Forbes.
Despite the economic chaos the world is going through right now, the art market continues to prove that it can exceed expectations. Despite this, art and collectible is often ignored when estate plans are drafted, which may lead to extra costs and possible “fire sales” of artwork in an estate. To avoid this, there are three basic steps every collector should consider as part of the estate plan.
BE OPEN Art is happy to announce that Michael Vincent Manalo, Philippines-born visual artist, who lives and works in Taiwan, has been voted the Artist of the Month by the visitors of art.beopenfuture.com.
Source: Artsy.
In the months since COVID-19 shut down most traditional in-person avenues for viewing and purchasing art, virtual reality (VR) has become increasingly prevalent as a tool for conducting business. The transition to virtual space has required art-world players to adapt to the challenges—and possibilities—that come with operating in a medium that is in many ways still largely unexplored. Read more
Source: Observer.
The omission of people of color from the arts has resulted in devastating sociological implications, not only for the African continent and Diaspora, but for our entire modern world. This comprehensive lack of understanding of the substantial expertise that has facilitated modern and ancient culture has led to enormous discrimination, fanned by hundreds of years of oppression and cultural appropriation. It is obvious that the art world needs a major shakeup.
Source: Robb Report.
Unlike in past crises, the determining factor now is not so much the size of the gallery but its digital nimbleness. Those who were already starting to crack the e-commerce code before the pandemic are well ahead. Others are playing a stressful game of catch-up. Read more
Source: Art Business News.
There is no industry that has gone untouched by the widespread disruption of the coronavirus. The art world, like all other sectors, is quickly grappling with rapidly evolving challenges. Although there is no clear roadmap on how to move forward, the team at Huntington T. Block has seen a few trends among galleries, art dealers, collectors, artists, art fairs, and more that are smart to have on your radar.
BE OPEN Art is happy to announce that Raluca Bararu, illustrator based in Romania, has been voted the Artist of the Month by the visitors of art.beopenfuture.com.
Source: Artsy.
Remember the good old days? Back then, a studio visit involved visiting an actual studio—likely a slightly cramped, charming space, with the tang of turpentine hanging in the air. That sort of face-to-face meetup with an artist had its own particular rituals, routines, and expectations. Now, the rules of the studio visit have been swiftly and completely rewritten by the COVID-19 pandemic.
Source: The Art Newspaper.
It is one of the art market’s most uncomfortable truths that, although black and minority artists are enjoying greater representation, it remains white people who predominantly sell—and buy—their work. But as the Movement for Black Lives reaches fever pitch in the US, the art trade is being asked to confront racial inequality among its ranks.
Source: The Art Newspaper.
Artists and galleries have been raising money to help charities and funds in the wake of the George Floyd and Black Lives Matter protests.
Source: The Guardian.
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. Read more
Source: Artwork Archive.
Normally in March, we enjoy a bloom of arts activity across all media—performances, visual art, movies, you name it. This year is different. While the world grapples with containing COVID-19, the way we typically participate in the arts is changing. In-person gatherings are no longer possible. Here are just a few different ways you can be a cultural and artistic participant from your couch while you are sheltering-in-place.
Source: Frieze.
Covid-19 may have forced galleries to close their doors but there is no shortage of frenetic, urgent action in the UK art world as it deals with the impact of social distancing. Things are moving fast, and they need to: this is a crisis that is threatening everyone – from the individual, self-employed artist trying to work out where the next paid work is coming from, to the arts organization CEO whose income streams have shrunk to zero overnight. Read more
Source: Artsy.
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. Read more
Source: Art Business Journal.
For collectors at any level, there exists a set of criteria to consider before collecting an artist’s work. Every art collector has their own aesthetic and set of values. With this in mind, Audra Lambert takes a look at the different aspects of art collecting that should be first in the minds of collectors as they begin venturing into collecting emerging artists’ work. Read more
Source: Artwork Archive.
It’s no mystery that many of our museum experiences are led by visionary collectors who have either made significant donations or opened new museums to exhibit their extensive art collections.
Source: Artwork Archive.
What does it mean to be introduced to the art world through Instagram? How will you display an artist’s 50-year retrospective when their 2016 exhibition is a series of GIFs, contained on a thumb drive? Technology is forcing the art world to grapple with questions like these, and young art collectors have the answers. We spoke with art world insiders to examine how emerging trends in the art world are shaped by technology. Here’s what they had to say.
Source: Artsy.
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. Read more
