How New York, London, Paris, and Hong Kong Competed in Major Auctions
The global art market is undergoing changes, and cities like New York, London, Paris, and Hong Kong have evolved as as major hubs for high-profile auctions over the past decade. These transformations are driven by economic, political, technological, and cultural factors, leading to the development of new approaches in art sales. Considering the impact of the COVID-19 pandemic and the competition among these cities, Paris and Hong Kong are increasing their market share, while New York continues to hold the leading position.
24 September 2024
How New York, London, Paris, and Hong Kong Competed in Major Auctions 24 September 2024
The global art market is undergoing changes, and cities like New York, London, Paris, and Hong Kong have evolved as as major hubs for high-profile auctions over the past decade. These transformations are driven by economic, political, technological, and cultural factors, leading to the development of new approaches in art sales. Considering the impact of the COVID-19 pandemic and th...
Art as Asset Class 6 November 2023
Art can be considered a kind of property and capital due to some capacities. Buying art brings financial returns and, like other traditional assets, increases in value over time. Art can be bought and sold because a separate market has been created for it. In the meantime, buying works from prominent artists has shown a positive return and has attracted investors to create diversity...
Women and the 2021 Global Art Market: 100 Most Influential Female Artists you should Know 4 January 2023
In this article, Artpro magazine has examined the market of female artists in 2021. Their research has shown an unprecedented growth in the share of female artists in total sales. This share has almost doubled from 2012 to 2021, however, it has only reached six percent of total sales. In this article, the statistics of the top 100 female artists in the world and their sales record i...