Tag: Art Business

Takeaways from a Record-Breaking Early Auction Season

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Collection sales dominated headlines of another record-breaking fall auction season, while the emerging market feels the pressure of economic worries.

With art market prices soaring as of late, recent blue-chip auctions were projected to reach significant high-flying, record-breaking heights. Not only did these lots deliver, but in some instances their price tags surpassed their monumental estimates. The highly anticipated Paul Allen collection, the personal assortment of paintings and sculptures owned by the late Microsoft co-founder, blew past the $1 billion estimated value, which already would’ve made his collection the most expensive ever sold.

While some say the results of the Phillips auction suggests a cooling of the market, works of personal collections, especially those hidden from public view for prolonged periods of time are doing exceedingly well.

Are OVRs The Future of Art Sales?

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Modern advancements in digital and online technology are changing the art market. Online events are becoming more popular than ever as they can be accessed by anyone from anywhere. By simply opening a screen, people are able to instantly access desired products and services from all around the world, which makes it easier than ever to engage with your artistic interests.

The art market is no exception to this trend. Over the past few years it has been strengthening its online presence, and despite an overall decline in sales, the online trade is actually at a record high, doubling in value from two years ago. It is therefore reasonable to expect further substantial growth in this sector.

At the heart of this online art world are OVRs.

How NFTs Benefit The Art Market?

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It may be obvious but still needs to be said – the benefits of NFTs for the entire art world are tremendous!

Art that doesn’t exist in a physical form can now be bought, sold, and collected, opening many opportunities for artists, collectors, and investor.

There are also great benefits to physical art from NFTs. Art museums and galleries now have the ability to earn additional revenue from their artworks.

NFTs are clearly helping to create a unique generational synergy between the old and the new art.

Exclusive interview with Sandy Copeman, founder of the World’s Finest scale models company – The Amalgam Collection | Part 2

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In the second part of our exclusive interview with Sandy Copeman, founder of the Amalgam Collection, we discuss their business operations, partnerships, challenges, and of course stunning luxury vehicles.

Sandy opens up about Amalgam’s unique relationship with Ferrari and Ralph Lauren, shares with the readers his most cherished accomplishments, and talks about the history of this luxury company.

Once again, this story is filled with highly artistic images of the world’s most exotic model cars that are made with such attention to detail it’s hard to tell them apart from their full-size counterparts. So, without further ado, here’s our second and final part of this fascinating interview with Mr. Copeman.

Cellini In Trouble Again? Charges Brought Against His €107 Million Portrait

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It seems that the mischievous spirit of Benvenuto Cellini lives on in his mysterious €107 million self-portrait that 500 years later continues to stir up trouble for everyone who comes in contact with it.

Explore this fascinating story of money, betrayal, and prestige in our exclusive interview with Prof. Mikhail Tamoikin, the man who appraised and put the now-famous self-portrait of Benvenuto Cellini on the map.

It’s a saga worthy of Cellini himself!

How to Make Art a Career: The Three Golden Questions to Ask Yourself

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Take steps. Small steps. If you want a career to be long-lasting you don’t want to force something to grow. Building a career is just like growing a plant. It needs to be planted in good soil and taken care of while it’s still small and unknown to the world. It has to get love and the right nutrition to be able to function and to live up to its potential as a bigger plant. 

Do not rush. I can’t emphasize this enough. Yes, you need to throw yourself out there and be willing to do things that scare you, but you should never compromise with your own health – mental, physical or spiritual – nor should you lower your morals or let go of your integrity in order to get to where you want to go. This needs to be intact and if you are a solid artist your career will take off in the time you are ready for it. 

Interview with Chris O’Rourke | Part 2 – Business Side of Metal Sculpting

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Chris O’Rourke sculptures

As a longtime car and motorcycle enthusiast, Chris O’Rourke’s journey from metal fabricator to sculpture artist is a shining example of how materials typically reserved for mechanical applications are equally suited to art when in the right hands. In this two-part series, WAN has the pleasure of interviewing a unique artist whose pursuit of perfection has resulted in his work being highly valuated in the art world.

ART IN SPACE! Interview with Sabrina Terence

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Sabrina Terence is a record setting Abstract Artist that became the first to successfully send her artwork 65 km (over 200,000 feet) high into space in October of 2016.

She discovered her interest in art in 1998 during her first painting lesson while living in Germany. Since then, she has attended many art exhibitions worldwide such as Art Basel, Art Berlin, and Art Fair Singapore to name a few.

Interview with Metal Sculpture Artist Chris O’Rourke | Part 1 – $150,000 Statue

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As a longtime car and motorcycle enthusiast, Chris O’Rourke’s journey from metal fabricator to sculpture artist is a shining example of how materials typically reserved for mechanical applications are equally suited to art when in the right hands. In this two-part series, WAN has the pleasure of interviewing a unique artist whose pursuit of perfection has resulted in his work being highly valuated in the art world.