Tag Archives: art market

The catalogue for Indian Saffronart’s 2011 Spring Online Art Auction is available on their website. Big names listed include Subodh Gupta, Jitish Kallat and Bharti Kher.

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ArtInsight’s second global art market seminar for 2011 discusses what makes for a successful art fund and whether art can be an asset class.

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We have been reading some powerful statistics and facts which make us think the art world still has plenty of change ahead.

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Art Radar attended the preview for the upcoming Sotheby’s Ullens Collection contemporary Chinese art auction and brings you the highlights.

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New Israeli art website Omanoot.org launched with locally produced video art and film. Founded by Edoe Cohen, work by Israeli visual artists will follow.

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Exhibition “False Friends/An Ephemeral Video Library” marks the first time Taiwanese digital art has been showcased in an established Paris gallery. Three Taiwanese artists, Ming-Yu Lee, Wu Shang Lin and Chia Wei Hsu, are among 24 international artists whose video-based works are on display in the city’s Jeu de Paume.

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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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Art Radar Asia has put together a list of this year’s biggest-selling Asian artists, compiled from the Artprice Annual Report (2009/2010). Out of the 500 international contemporary artists named by Artprice, 238 come from Asia. With artists like Yifei Chen (China), Anish Kapoor (India) and Takashi Murakami (Japan) topping the list, the results of this report are a testament to the continued growth of the Asian art market. Continue reading →

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 →

VernissageTV has produced an insightful video on November’s Contemporary Istanbul 2010 where interviews with five gallery representatives are combined with shots of the fair hall. The video highlights, among other things, the growing sophistication of attending collectors and the freshness of the works being presented for sale. A new date for the fair is announced; next year the fair will coincide with the 12th International Istanbul Biennial. Continue reading →

Art enthusiasts and those at the top of the art profession gathered on 11 November at The Saatchi Gallery to witness “The Most Ground Breaking Contemporary Art is from the East”. This debate, organised by Intelligence Squared, a global forum for live debate that is dedicated to producing knowledge through contest, explored the growth of Eastern economies and its effect on the globalised art market. And sitting among the audience was Art Radar, armed with a tape recorder and notepad, busy getting the information we pass onto you now.

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Unnamed sources from several local art galleries in Hong Kong have mentioned that business is difficult and they are considering their options for next year. Particularly affected are new and themed galleries. Hong Kong currently has over eighty galleries. Continue reading →

According to an article published in The Korea Times at the end of October this year, Korean contemporary art began to make its presence felt on the global art market in 1995. This was the year that the official Korean Pavilion appeared at Venice Biennale and the Gwangju Biennale debuted. The article states that since this time Korean art has been quietly rising through increasing promotion at international art fairs and major art exchanges with Western countries. Continue reading →

“The Perfect Storm” is what Christie’s International CEO Steven Murphy called the company’s Hong Kong Autumn 2010 auctions that ended on 2 December. The auctions resulted in a total of USD414 million in revenue from art and collectables sales which is a 95 percent increase from last year. To follow on from our report on Sotheby’s record-breaking October auction results, we round-up what’s being said in the media about the Christie’s event. 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 →

For the last couple of years, the Malaysian art scene has been opening up to visitors. The 4th International Art Expo Malaysia, held at the end of October this year, attracted large numbers of visitors and buyers and the event has been instrumental in encouraging the Malaysian art market. While this expo is perhaps Malaysia’s best known international art event, the real story could be said to begin with Henry Butcher Art Auctioneers. Continue reading →

AW Asia is a private organisation founded to promote Chinese contemporary art in the United States. In this original Art Radar interview, we gain insight into the aims of the organisation and founder Larry Warsh provides expert opinion on contemporary Chinese art. Continue reading →

Art Stage Singapore will soon be joining the international art fair circuit. The event is planned for January 2011, to be held at the New Marina Bay Sands Water Front Development. ART iT conducted an interview with Lorenzo Rudolf, the director of Art Stage Singapore, the former director of Art Basel, inventor of Art Basel Miami Beach and co-creator of Shanghai Contemporary. We summarise the interview with Lorenzo Rudolf in which he discusses the plans for Art Stage Singapore and the potential for the development of a regional art market. Continue reading →

Pakistani artist Rashid Rana, 42 is exhibiting twenty-seven sculptures and photomontages in his retrospective called “Perpetual Paradox” at the Musée Guimet in Paris. Born in Lahore, and working in Lahore, Rana is known for documenting paradoxes and contradictions. We round-up the immediate critical response to the show. Continue reading →

According to the ArtTactic Chinese Contemporary Art Market Confidence Indicator, perception of contemporary Chinese Art has improved significantly. This development is to be expected, considering the success of last spring’s (and more recently this autumn’s) auctions in Hong Kong and mainland China. We summarise the main points of the report and link to where to purchase it. Continue reading →

The seven day Sotheby’s Hong Kong Autumn 2010 sales series was a revealing and record-breaking event. Most artworks sold for well above estimates, mainland Chinese buyers outnumbered those from Hong Kong and Asian art sales eclipsed those of Western art. Art Radar trowels the media to find and summarise the best reports on the sales. Continue reading →

Artnews has compiled, in close consultation with art industry professionals, a list of the top ten international collectors. Not surprisingly, nine out of the ten are named on the Forbes billionaires list. Modern and contemporary art prove a popular choice. Continue reading →

EMERGING YOUNG ASIAN ARTISTS The “Alternate-Friday Top Series” is a series of lists, produced fortnightly by Artprice, which provide artist ranking on various themes. The September 10th edition lists the top ten artists aged under thirty that have achieved the … Continue reading →

MIDDLE EAST CONTEMPORARY ART LONDON CONFERENCES ArtInsight, the events partner of leading art market research firm, ArtTactic, has organised what we think looks to be a very important conference for early October in London. State of the Art – Middle East … Continue reading →