When expanding your art collection, it’s essential to favor pieces that resonate with your own personality and preferences, as these are the works you will live with in your home and they should bring you joy. However, for those new to the art scene or seeking to jazz up their existing collection, paying attention to upcoming trends in the art world can provide valuable guidance.
For those who keep a close eye on the art market, 2023 has been characterized by one word: correction. After a slew of blockbuster sales and record-breaking spending in 2022, many believed that 2023, with its persistent economic uncertainty, would be the year of relative retrenchment. And given the volatility of the market since the pandemic, many wondered if this year would represent a “new normal” for the art industry.
In the shifting landscape of the digital realm, Non-Fungible Tokens (NFTs) emerged as a possible revolutionary force, reshaping how we perceive and engage with art, culture, and even ownership in the virtual world. Several well-known artists, including Damien Hirst, Jeff Koons, and Ai Weiwei jumped on the bandwagon, but the abuse of the medium mainly from greedy e.Traders saw the credibility of NFTs shrink to net zero.
In the ever-evolving landscape of high-net-worth (HNW) art collecting, 2023 is a pivotal chapter. The Art Basel and UBS Survey of Global Collecting, a collaborative effort between Arts Economics and UBS, sheds light on the dynamic behaviours of HNW collectors, capturing insights from 2,828 individuals across 11 key markets.
BE OPEN Art is happy to announce that Makano Bwato, Congolese artist living in Uganda, has been selected the Regional Artist of the month (November) by the highest number of votes of BE OPEN Art online gallery visitors.