Topic Archives: Globalisation

The past decade has seen galleries expand, both in their reach and roles. Just how are they responding to the challenges of a globalised world? We explore in the second post in our 2012 and beyond art trend series.

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According to an article published in The Art Newspaper, Qatar (and the Qatari Royal family) is the world’s biggest buyer of modern and contemporary art today.

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White Cube is the latest in a string of international contemporary art interests moving into Hong Kong, hoping to take advantage of China’s growing taste for art collection.

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What art fairs will ART HK 11 galleries be heading to in 2011? Art Basel Miami Beach tops most lists but some Asian fairs also get a mention.

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In 2011, two art fairs have been battling it out for the title of top Asian show, namely ART HK and Art Stage Singapore. We ask galleries at ART HK 11 which has come out on top.

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We publish the press release announcing the sale of ART HK to MCH Group, the company that manages both Art Basel and Art Basel Miami Beach.

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As pointed out in a recent The Art Newspaper article, competition has never been fiercer for international contemporary galleries so today the top ones are focussing on building their global brand. As demand for contemporary artwork grows, the size and number of contemporary art galleries that sell it increases.

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Last week Art Radar outlined in an article the arguments presented for the motion by three of the speakers involved in “The Most Groundbreaking Contemporary Art is from the East” debate. This week we outline the arguments against the motion as presented by art professionals Sarah Kent, Kenny Schachterand Richard Wentworth.

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CHINESE INDIAN ARTISTS CONTEMPORARY SCULPTURE ART MARKET REPORT Three Indian and two Chinese artists are featured in Artprice’s top 10 of contemporary artists for auction revenue from sculptures. While the report’s contemporary painting segment features artists from the US, the … Continue reading →

Apparently oblivious to the recession, the Chinese art market posted its best-ever six-month auction earnings in the second half of 2009. Reflecting the rising importance of the Middle Kingdom in the world economy, China’s auction houses are claiming more and more spots in the world’s top 10 by revenue. Three of them appear in the Artprice Contemporary Art Market 2009/2010 Annual Report rankings. Continue reading →

MARRAKECH MOROCCO ART FAIRS ARAB ART In October this year, the tourist hotspot Marrakech, Morocco, will host the country’s first modern and contemporary art fair. The fair points towards a growing trend of interest and investment in art in the Middle … Continue reading →

ART FAIRS ECONOMY A recent article in the Economist comments on the globalisation of art and how art fairs accelerate the transnational exposure of artists, something that could become necessary for artists if they want to attract the attention of serious … Continue reading →

GLOBALISATION CHRISTIE’S ART AUCTIONS Globalisation in the art market may be slowing down according to an article published recently in The Economist. In spite of the growing numbers of artists and buyers from locales ranging from Africa to Asia, May sales in New … Continue reading →

HONG KONG ART MARKET The state of the arts in Hong Kong are strong and flourishing, earning Hong Kong the high praise of being touted as Asia’s arts ‘promised land’ by Art +Auction Magazine in the March 2010 issue. The article … Continue reading →

INDIAN CONTEMPORARY ART MARKET OUTLOOK CEO of on-line Indian auction house Saffronart explains that the collector base for Indian art is changing Dinesh Vazirani is the CEO and Co-Founder of Saffronart, the world’s largest online auction house for fine art … Continue reading →

INDIAN CONTEMPORARY ART WORKSHOP The first edition of a new and unprecedented artists’ workshop in Rajasthan brings together traditional rural artists and urban international contemporary artists for approximately 12-14 days to create art and exchange ideas. This project, called ‘Sowing Seeds’ … Continue reading →

CHINESE ART AND POLITICS China wants its own version of  Hollywood. An intriguing article in the Toronto Star examines China’s growing recognition that media and culture can be a powerful tool to spread political, social and economic ideologies beyond its borders much … Continue reading →

CENTRAL ASIAN ART CURATOR Every industry has its gatekeepers, and the art world is no exception. In the complex world of identifying and valuing cultural and artistic significance, it is the curator who filters through the ‘noise’ to uncover the … Continue reading →

HONG KONG ART FAIR SPONSORSHIP The May 2010 incarnation ART HK will only be the international art fair’s third event, but it has already earned the confidence-and sponsorship- of Deutsche Bank, the largest bank in Germany, which has recently signed … Continue reading →

MIDDLE EAST CONTEMPORARY ART What promises to be an important new art date to add to your art calendar has just been announced in Abu Dhabi: the first Abu Dhabi Art event, ”a major new annual event featuring international contemporary art and design” … Continue reading →

CHINESE ART MARKET Larry Warsh of AWAsia in New York, a private organisation which provides Chinese contemporary art sourcing and curatorial services to global institutions such as MOMA and the Getty Museum, talks about his take on the outlook for the Chinese art … Continue reading →

KOREAN ART ‘Art Market in Doldrums as Auction Bids Plunge’ shouts the title of a story in Chosun. The Korean art market is reeling from the economic crisis, with the highest bid prices at domestic art auctions plunging 38.2 percent … Continue reading →

ART PRICES FINANCIAL CRISIS With fear at near panic levels recently in the stock market, it would seem almost anomalous that life goes on in some segments of alternative investments. No, we’re not talking about hedge funds or commodities, both of … Continue reading →

      REPORT FROM THE AUCTION ROOM Big name Chinese and Indian artists and several premium lot artworks failed to sell at Sotheby’s October 2008 evening sale of contemporary and modern Asian art but the sale pointed to a new trend … Continue reading →

          KOREAN CONTEMPORARY ART Korean artists and galleries have made a huge impact on Beijing recently with the presence of PKM Gallery, Do Art and Arario Beijing in the Brewery International Art Garden says Theme magazine. … Continue reading →