Ai Weiwei and Olafur Eliasson’s New Collaborative “Moon” Project – artmarketblog.com Ai Weiwei and Olafur Eliasson have launched a new collaborative project entitled “Moon” that invites viewers to “mark the passage from nothing to something and from thinking into doing” by making their mark on a giant digital moon and The collaborative online platform was [...]
Video: Skate’s 2012/13 Art Market Overview – artmarketblog.com Skate’s http://skatepress.com/ starts running a series of Art Industry Hangouts with art market experts, covering a range of topics and using the technology provided to us by Google with its recent Hangouts feature. Today’s conversation is a high-level overview of the trends and events that happened in [...]
Contemporary Art Market Karma at Phillips de Pury Pt. 3 – artmarketblog.com My last two posts, parts one and two of ‘Contemporary Art Market Karma at Phillips de Pury’, provided an insight into the way auction house Phillips de Pury approach the contemporary art market niche that they have chosen to pursue. With this post, [...]
Exposing the Chinese Art Market With 6 Questions Pt. 1 – artmarketblog.com Q1. The records from the recent Christie’s fine modern paintings sale (31 May), along with records from China Guardian Auctions Co. from the 2009 Autumn sale onwards, show that auction house estimates have become little more than conventional additions rather than indicative price [...]
In my last post I detailed two definitions of contemporary art from two different contemporary art museums that challenge the rather inadequate and misleading definition of contemporary art that many auction houses seem to abide by. Even though I had found two good museum definitions of contemporary art, I continued my search to see what else I could find. And I am glad I did continue searching because I came across a particularly interesting definition of contemporary art provided by the Tate Museum
A New Sentimental Art Market Era Pt. 3 – artmarketblog.com
If you want some further examples of the sentimental direction that the art market is beginning to take then I shall provide you with two more. The first example is the direction that the Australian Aboriginal art market has taken recently taken in response to a severe drop in prices and a major change in perception caused by several factors that I will discuss shortly. Australian Aboriginal art experienced a huge boom roughly in conjunction with the global contemporary art market boom, which saw prices for Australian Aboriginal art skyrocket, and the market for said works expand at a rapid rate. Unfortunately, that boom turned to a spectacular bust for much the same reasons and at roughly the same time that the global contemporary art market took a massive hit.