Peggy’s Post

It is a great pleasure for me to be part of this incredible collaboration through the curation of an online and on-chain auction on Christie's 3.0 for the benefit of Giga. Giga is a UNICEF-ITU initiative to connect every school to the Internet and every young person to information, opportunity and choice. 2.7 billion people are still offline and 96% of these people live in developing countries. This lack of connectivity means that many children have fewer opportunities to learn and fulfil their potential. In today's digital creative world, which has reached new forms of visibility and significance with the establishment of Web3, the basic idea of Giga finds great resonance. After all, neither art production nor distribution at today's level would be possible without access to the digital world, which many artists can simply take for granted. So it comes as no surprise that around 20 native digital artists have agreed to donate a work. During CfC St. Moritz (Crypto Finance Conference AG) from January 10th – 12th, 2024, a preview of the auction lots by 0xDEAFBEEF, Kevin ABOSCH, Daniel Calderon, Mitchell F Chan, DADA Collective, Linda Dounia Rebeiz, Emily Edelman, Andreas Gysin, Mario Klingemann, Jennifer and Kevin McCoy, Sarah Meyohas, Luis Ponce, Anna Ridler & Sofia Crespo, ROBNESS, Helena Sarin, Cole Sternberg, Sasha Stiles, and more will be presented. The online and on-chain auction with the title "Creating Connections – Digital Art for Connectivity" runs from January 24th – 31st, 2024. #artinthedigitalage #blockchain #nfts #charity #auction #digitalart #connectivity

Guide to the Primary Market Stepping into the world of art collection often begins in galleries, serving as the gateway to discovering new and emerging artists. Here are key insights to enhance your experience: 1. Prices: While some galleries may initially withhold prices for various reasons, most aim to contextualize the artwork historically rather than solely in monetary terms. Don't hesitate to request a price list. There’s nothing wrong about it. 2. Gallery as Partners: They advise, link artists with collectors, and share insights. Don't hesitate to approach them—even if they seem reserved. They're often eager to share their knowledge. 3. Networking: Galleries build artists' reputations by placing their work in museums or with trusted collectors. Express interest! A strong relationship might grant you an exclusive first look at the artist's new pieces. 4. Blacklist: Avoid immediately reselling the piece at auction after purchase. It can harm the artist's reputation and you may be blacklisted by the gallery community. We do keep each other informed. Why does it matter? Auctions typically drive up prices, creating inflated values. If fewer people are willing to pay these inflated prices in the future, it can unfairly lead to the misconception that the artist's work has lost its value, discouraging potential buyers. Galleries offer numerous advantages and serve as an ideal starting point for your art collection. Just don’t do anything unethical. #ArtAcquisition #CollectingArt #ArtMarket #alternativeinvestments #Contemporaryart #Artinvestment #Realassets

For art collectors, understanding the nuances between the primary and secondary markets is essential for making informed and strategic decisions. Therefore, we have highlighted the key aspects of each market to help you navigate this universe. In the primary market, artworks are sold for the first time, often directly from the artist or their representing gallery. Acquiring art in the primary market means not only owning an original piece but also directly supporting the artist, helping to propel their career. This market is particularly attractive for those looking to invest in emerging talent, as the prices are often more accessible and hold significant potential for appreciation as the artist gains recognition. The secondary market involves the resale of artworks that have had previous owners, often through prestigious art advisors, auction houses and galleries.   Purchasing in the secondary market provides additional investment assurance, as these works have stood the test of time and trends, demonstrating a track record of appreciation. However, initial prices can be higher due to the proven quality and demand for the piece. Choosing between these markets depends on your goals. At Sophie Su Art Advisory, our expertise ensures you navigate either of them with confidence. Explore the art world with us and find your next valuable and inspiring piece. #ArtMarket #ArtCollection #PrimaryMarket #SecondaryMarket #ArtInvestment #SophieSuArtAdvisory

In the art world, a significant amount of transactions take place through off-market transactions that are not widely publicized. These discreet transactions often involve a niche network of collectors and remain hidden from the public. Unlike works of art sold at public auctions, these private sales rarely attract attention. But it is in these off-market exchanges that some of the most unique and unexpected creations can be discovered. These secretive deals create an intriguing parallel art market – one that operates outside the limelight, where hidden treasures quietly change hands, away from auction houses and public galleries. For artists, collectors and connoisseurs, this secret kingdom holds the thrill of discovery, exclusivity and unearthing hidden gems. Whether it's a breakthrough from an emerging artist or a masterpiece from an established name, the off-market art scene remains a fascinating realm where connections, trust and personal relationships play a central role. So the next time you come across a wonderful piece of art, consider that it may have passed through this shadowy corridor of private sales, avoiding the public eye and adding to the mystique of the art world. #artworld #mysterious #mystreriousartworld #art #artIncognito #artsecret #artsales

ARTDAI’s mid-year market analysis reveals a 25% drop in fine art sales at major auction houses, reminiscent of pre-pandemic lows. As the art world braces for the fall season, could this be a market reset or a prelude to a bounce back? Explore the detailed insights and trends shaping the current art market landscape, with a detailed overview from Marion Maneker. R. Adam Smith #artadvisor #artmarket #artconsultant

Gilbert Stuart's Portrait of George Washington is up for sale at Christie’s. The Metropolitan Museum of Art in New York is set to part ways with a Gilbert Stuart portrait of George Washington, a piece it has safeguarded for 80 years, as part of a Christie’s auction of American art this January. Painted in 1795, the artwork captures Washington in the twilight of his presidency, representing one of over 100 Stuart portraits of the first U.S. president. Although the Met possesses a more renowned Stuart piece from the same year, the upcoming auction is expected to fetch between $1.5 million and $2.5 million for the iconic depiction. While this anticipated sale may not surpass Stuart’s 2018 auction record of $11.5 million, set by another Washington portrait once owned by Peggy and David Rockefeller, it reflects a common practice among museums known as deaccessioning. Museums often auction duplicates or pieces no longer aligned with their institutional focus. In the Met's case, the proceeds from the Stuart portrait will contribute to a fund dedicated to future acquisitions, aligning with guidelines set by the Association of Art Museum Directors (AAMD). The AAMD had temporarily eased deaccessioning guidelines during the pandemic, allowing museums more flexibility in auctioning art. However, such decisions were occasionally met with controversy, exemplified in 2020 when the Baltimore Museum of Art faced backlash for attempting to sell works by artists like Andy Warhol and Brice Marden in the name of diversity. The Met, having previously deaccessioned works, including a Pablo Picasso sculpture that fetched $45 million in 2022, remains committed to maintaining and expanding its collection through strategic sales. For more sales of top artworks and artists, please click the link below: https://lnkd.in/djeYAkza #artist #artandauction #topauctionhouse #artworksforsale #upcomingauctions #toplots #artistindex #artist #artbider #christies #Gilbertstuart #GeorgeWashington

In the art world, a significant amount of transactions take place through off-market transactions that are not widely publicized. These discreet transactions often involve a niche network of collectors and remain hidden from the public. Unlike works of art sold at public auctions, these private sales rarely attract attention. But it is in these off-market exchanges that some of the most unique and unexpected creations can be discovered. These secretive deals create an intriguing parallel art market – one that operates outside the limelight, where hidden treasures quietly change hands, away from auction houses and public galleries. For artists, collectors and connoisseurs, this secret kingdom holds the thrill of discovery, exclusivity and unearthing hidden gems. Whether it's a breakthrough from an emerging artist or a masterpiece from an established name, the off-market art scene remains a fascinating realm where connections, trust and personal relationships play a central role. So the next time you come across a wonderful piece of art, consider that it may have passed through this shadowy corridor of private sales, avoiding the public eye and adding to the mystique of the art world. #artworld #mysterious #mystreriousartworld #art #artIncognito #artsecret #artsales

A very comprehensive analysis of the global art market . It is wonderful to see such research into the current and emerging trends . It is promising to see that the art market is robust and is diversifying . A vital tool for all art investors and aficionados .

🌸 In May in New York, it's all show. Welcome to the New York arena of our annual calendar, where talent is measured by the speed of the decisive phone call and notoriety is measured by the auction. Coming from a long line of art lovers, I've been immersed in the artworld from an early age, and as an expert who is always attentive to results, I look forward to this period every year. Fairs, auctions, exhibitions - the city attracts the eyes of the artworld's elite, eager for discoveries and thrills. Where else would you come across so many colorful characters, extravagant artworks and astronomical transactions? 🎭 After all, isn't art meant to shake up conventions and push back boundaries? For it is in this gray area, between money and creativity, between excess and genius, that the legends of contemporary art are forged. What are your thoughts on the blurred lines between art, commerce, and fame in today's art world? Share your insights. #ArtMarket #ContemporaryArt #NYCArtScene #ArtInsider https://lnkd.in/gxVjyFSr

We are seeing this more & more at all levels of the market- interesting