A.I. Has the Potential to Change the Art Business—Forever. Here’s How It Could Revolutionize the Way We Buy, Sell, and See Art

A.I. Has the Potential to Change the Art Business—Forever. Here’s How It Could Revolutionize the Way We Buy, Sell, and See Art

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 A.I. into the trade. In this article, Tim Schneider lays out seven practical ways A.I. could transform the market.

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Mary Rozell on How the Art Market Has Changed

Mary Rozell on How the Art Market Has Changed

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.

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Three Things To Do For Art Collectors To Simplify Their Estates

Three Things To Do For Art Collectors To Simplify Their Estates

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.

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Galleries and Fairs Are Turning to Virtual Reality to Connect with Collectors

Galleries and Fairs Are Turning to Virtual Reality to Connect with Collectors

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.
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The Art World Remains Overwhelmingly White — Here’s How That Can Change

The Art World Remains Overwhelmingly White — Here’s How That Can Change

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.

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Art Market Trends in Response to COVID-19

Art Market Trends in Response to COVID-19

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.

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How to Do a Virtual Studio Visit with an Artist

How to Do a Virtual Studio Visit with an Artist

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.

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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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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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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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