Tag: Business

Takeaways from a Record-Breaking Early Auction Season

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.

ART. BUSINESS. FREEDOM! Exclusive Interview with Willem Vos | Part 2 – Dare!

“You have to be business-minded. Try to understand that everyone in this world wants to make money. Including you and your artworks. You are part of the art world, you have to be able to embrace that.”

Willem Vos is an enterprising new artist from the Netherlands. After selling his international company, he threw himself completely into making art and selling his works. Mainly because of Willem’s choice to live a different life he has become an inspiration for people that want to successfully change course as well. His artworks are powerful and quite large, they are full of color, energy, and meaning. Clearly Willem has an impressive talent and high potential, which is why The World Art News is pleased to share Part 2 of his First Exclusive Interview with our global audience.

‘Art is Freedom. I Make Art.’ Exclusive Interview with Willem Vos | Part 1

“Intense friendships, profound conversations, love, sex, feelings of connection, my fears and letting go of people. All the feelings and emotions I store and sometimes experience more violently than ever. I don’t run away from them anymore – I put them on canvas.”

Willem Vos is an enterprising new artist from the Netherlands. After selling his international company, he threw himself completely into making art. His artworks are powerful and quite large, they are full of color, energy, and meaning. Clearly Willem has an impressive talent and high potential, which is why The World Art News is pleased to share Part 1 of his First Exclusive Interview with our global audience.

GemGenève is Back in November … with Fabergé!

GemGenève

GENEVA, 23 AUGUST 2022 – It’s official! By popular demand from its exhibitors, GemGenève is holding a second, exceptional edition again this year in Geneva. “We had initially planned to hold only one edition, in May 2022. Following calls from our exhibitors, we´ve decided to organize a second edition in autumn 2022 in Geneva, but this shouldn’t become standard practice in the future”, emphasizes Ronny Totah.

The 5th meeting of gemology and jewellery professionals and enthusiasts will therefore open its doors from Thursday, 3rd November to Sunday, 6th November in Palexpo, this time in Hall 6. It will coincide once again with the major autumnal auction sales of the Geneva Luxury Week.

How To Make Money With NFTs

Many NFT sellers have gotten rich almost overnight through selling NFTs.

Digital artists, content creators, and NFT enthusiasts come up with new NFT projects every day in hopes of gaining wealth by selling them.

NFTs have grown in popularity thanks to their unique trait of being an indivisible digital asset, which cannot be replicated and safely exists in the tamper-free blockchain.

So can you get rich with NFTs?

Long story short, yes!

The First “Gallery Creation” by Hong Kong Gallery

BRAX BUBBLEGUM

PRESS RELEASE | HONG KONG, JULY 1, 2022 — A local creative label & Gallery YOUNGCLUB launched BRAX – the first gallery-created character, as an art series based on youth and artists. 

In the image of a young artist, BRAX explores and grows in its adventure journey, creating a series of stories in the dreamland, vividly presenting the value and adventurousness of the young generation.

BRAX is a forever 17-years-old character keeping its identity hidden by wearing a doll costume.

It can be a character representing any of us in society. This 17-year-old teenager starts his own journey with its costume, arouses the resonance of young artists on the way of creation, and brings back memories of their youth.

Are OVRs The Future of Art Sales?

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.

Millennials And Their Role In The Modern Art Market

When it comes to the modern art world, millennials have played a crucial role in the recent years.

After the pandemic, they tremendously helped the art market to recover from countless museum, gallery, and exhibition closures.

A report from Art Basel-UBS states that in the first half of 2021, millennials spent the most on art, helping to boost the much needed recovery of the market.

Sales were also up by 10%, with millennials doubling the buying power of Gen X, and spending four times more than baby boomers!

How NFTs Benefit The Art Market?

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.

NFTs Exhibited at WOW Festival in Dubai Sold to Major Digital Art Collectors 

PRESS RELEASE | DUBAI, 17 MARCH 2022 – Digital Gallery at WOW Summit Dubai Witnesses Major NFT Sale on the First Day of the Exhibition.

WOW summit commenced on the 13th of March with three full days of blockchain, metaverse industry news. The ‘Alternative Reality’ exhibition was curated by Daria Lomova, an art advisor and historian.

One of the main aims of the WOW summit was to raise public knowledge and awareness of the sweeping world of blockchain, crypto, AI, NFTs and beyond. That is why it was important for Lomova to curate an exhibition that people could relate to, while learning about the different digital art forms.