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.
Month: October 2019
How Tech has Transformed the World of Art Collecting
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.
Evan Beard: The Rapid Rise of Millennial Collectors Will Change How Art Is Bought and Sold
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
Goodbye Art World, Hello Art Industry: How the Art Market Has Transformed—Radically—Over the Past 30 Years
Source: Artnet.
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 The business of the past has been replaced by a multibillion-dollar international industry.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. Read more
You Want to Buy Art. Is It About Love or Money?
Source: NY Times.
Collecting fine art is as much about beauty and desirability as it about the investment value. Given how strong the art market has been over the past few years, many collectors may not be prepared if the economy slows and the appetite for art cools. Paul Sullivan of The New York Times examines art as a valuable but illiquid asset. Read more
Jitters and reasons to be cheerful: art market experts give their 2020 predictions
Source: The Art Newspaper.
Faced with economic uncertainty, turmoil in Hong Kong, Brexit and a shrinking auction market, the art trade has some justifiable anxiety about the coming year. Georgina Adam of The Art Newspaper asked five leading figures for their predictions, and despite the concerns they expressed, they found reasons to be cheerful too. Read more