Adam Szymanski, PhD’s Post

New Post: Advice From Art Market Economist Magnus Resch - The art market has been grappling with a shortage of new buyers for an extended period. Despite the global number of millionaires doubling in the last decade and a surge in attendance at art events, the value of the art market has remained stable. This disparity underscores a conversion problem, as the newly affluent are not seamlessly transitioning into art buyers. I believe a combination of education, entertainment and transparency can play a pivotal role in converting more art enthusiasts into active buyers. My new book is a contribution towards this goal, and I've observed similar initiatives emerging from galleries, museums and auction houses. An increase in the number of buyers is crucial for supporting the endeavors of artists, gallerists, advisors, and museums in the art world. #Advice #Art #Market #Economist #Magnus #Resch https://lnkd.in/dHGC74Jb

🔍 Insight into New York's Art Scene 🎨 In a surprising turn of events, New York's vibrant art scene is experiencing unprecedented gallery closures. This article dives deep into the factors contributing to this shift and what it means for artists, gallery owners, and art enthusiasts alike. Check out the full article to understand the challenges and opportunities facing the art community today. #ArtScene #GalleryClosures #NewYorkArt #ArtCommunity #ArtMarket

In a year marked by uncertainty and heightened volatility across the broader art market, the blue-chip contemporary paintings segment has once again proven to be a pillar of stability so far. This segment continues to deliver strong performance, exceeding historical sell-through rates and standing out as a solid investment amidst market fluctuations. #diversification #artinvesting #artinvestment #bluechipart

🎨✨ [HOW IS IT POSSIBLE THAT SOME GALLERIES ARE MORE FAMOUS THAN THE ARTISTS THEY EXHIBIT? 🙃] Art galleries are often the real stepping stones for emerging artists. This makes it so that, in the art scene, galleries have an established history and an impressive reputation, sometimes making them more famous than the artists themselves. Moreover, in an ever-changing art market, they are always looking for new and compelling offerings, both local and global. Some might compare art to music, suggesting that everything has already been done. But I believe in the power of human genius to constantly create and innovate. We cannot, however, ignore the financial aspect. Money plays a significant role and, at times, can turn the art market into a ground for unhealthy speculation. This is where the need for in-depth knowledge of the market, its mechanisms and dynamics comes in. It is crucial to protect investors from scams and harmful speculation, and this can only be accomplished through a solid understanding of the industry. So, yes, it is true that some galleries may be more celebrated than the artists they represent. But this should not obscure the beauty and importance of art itself, nor weaken confidence in its transformative and inspiring power. What do you think? 🖼️💡 #art #artmarket #galleries #artists #market knowledge

The third quarter is usually a quieter period in the art market calendar - a lull before the storm of the big art fairs and important auctions in London and New York that will define the year’s result. Explore our Q3 2024 Art Market Review, featuring in-depth auction analytics for the blue-chip contemporary paintings segment, along with an outlook of the upcoming art fairs and auctions in Q4. #arteducation #artinvestment #artinvesting #diversification

Art Basel and UBS present The Art Market Report 2024, an annual global #art market analysis. The Art Basel and UBS Art Market Report 2024 provides a review of the international art market, highlighting some of the most important trends and developments taking place each year. Authored by Dr. Clare McAndrew, founder of Arts Economics, it is an independent and objective study, analyzing sales and other activities of different segments of the market including galleries, auction houses, art fairs, and collectors. A quick search reveals the mentioning of #NFT on 15 pages 👇 #digitalart Minoru "Metaverse, web3 and IPs" Yanai Masako Shiba

📌 DOES THE SIZE OF THE ARTWORK INFLUENCE THE FINAL PRICE? Absolutely. However, there is often a misconception that the larger the size, the higher the value of the work. But one has to distinguish the type of buyer: - If it is a museum institution, large size might not be a problem.  -if it is a private collector, it is essential to take into account the space available to exhibit the work. The balance between the size of the artwork and the needs of the buyer is essential to ensure a choice that is both aesthetically and functionally satisfying. Do you prefer large or small works? #artmarket #artadvisor #artinvestment

European Old Masters sales totalled $574 million in 2022, and post-war and Contemporary art totalled $7.8 billion in the fine art auction market.  This same year, the CryptoPunks collection alone generated a volume of $592 million. Let that sink in. Contextualising it is super helpful. The fact that punks made almost 30% of sales in 2021 compared to the whole post-war and contemporary art sector is mind-blowing. https://lnkd.in/dmwRVKax

Navigating the Art Market: Tips for First-Time Art Collectors Navigating the currents of galleries, auctions, and exhibitions in the vast ocean of the art world can seem daunting, especially for those dipping their toes into the waters of art collection for the first time. But amidst the complexity lies a treasure trove of beauty awaiting discovery. So, for the first-timers or other neophyte art collectors out there, here are five tips to help you navigate the art market with confidence and finesse. #hugomason #artcollecting #originalart #emergingartists #artnews Read the complete article —> https://lnkd.in/gsPZ-V6N

Many thanks for putting together this insightful guide for next week, Fanny Lakoubay! 💯 #MakeArtBaselDigital #artandtechnology #digitalart #aiart #contemporaryart #futureofcollecting #futureoftheartmarket #arttech #artbaselweek #basel #digitalartmile