Tag: Art Sales

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 wouldโ€™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.

Prices on Old Rotary Phones are Up 500%

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MARKET ALERT | Vintage rotary phones have been steadily rising in value and liquidity, becoming almost as good as gold.

Rare models sell between $200-2000 regularly. Even most basic rotary phones are in high demand.

Well-known home decorators are getting in the game and scooping up vintage phones from the market in bulk!

Further fuel into the fire is thrown by the limited (and constantly decreasing) supply.

Exclusive Interview: MONCHO1929 – Explosive Public Artist for the VIP | Google, Audi, Figge, Buffett

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From Google and Audi to the French Consulate of the US, from Paramount and Universal Pictures to the Public Art collections of cities like Glendale, Los Angeles, and West Hollywood – his work has been featured in various solo and group exhibitions in the United States and all over the World! This is WAN’s exclusive interview with an explosive public artist – MONCHO1929

The Problem with NFTs

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Around February of this year, in the midst of the still-pending cryptocurrency boom, a sub-category of digital assets started to really take off. NonFungible.com reported that by the first quarter of 2021, over $2 billion worth of transactions had taken place in the NFT market. Musician Grimes sold almost $6 million worth of digital art via digital asset marketplace Nifty Gateway, who are partnered with Sothebyโ€™s. Twitter founder Jack Dorsey auctioned his first ever tweet as an NFT, the final bid closing at $2.9 million. UFC Heavyweight Champion Francis Ngannou sold NFTs following his knockout victory over Stipe Miocic. The proceeds of the sale, $580,000, was actually more than his disclosed purse for the fight itself that earned him the belt. Despite the hype, in many regards serving as a speculatorโ€™s dream, NFTs come with inherent issues that threaten to hamper widespread and enduring adoption.

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, World Art News has the pleasure of interviewing a unique artist whose pursuit of perfection has resulted in his work being appraised at valuations that just might surprise you.

METRO NEWS: Soviet painting by Czeslaw Znamierowski sold in China for $120,000

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Czeslaw Znamierowski, an artist who died forty years ago, is gaining fame in the 21st century.ย His artwork recently sold for $120,000 in China, setting a personal record.

Znamerovsky’s paintings began to be bought up by oriental auctions, galleries and collectors, according to the Chinese news agencies.

In a relatively short time, the cost of Cheslav Znamerovsky’s paintings increased from several hundred to tens of thousands and even hundreds of thousands of dollars.