©Storefront

When art galleries around the world were forced to close their doors several months ago, owners had to adjust the ways in which they sold art to their clients. The changes brought on by Covid-19 forced owners to adopt new means of reaching and communicating with their audience and client base, embracing the use of online viewing rooms, digital exhibitions, and virtual tours of their gallery space. …


©Christie’s

Instagram is one of the most powerful platforms that businesses can use to drive consumer engagement and foster brand loyalty. With over 25 million companies around the world already using the app and upwards of 200 million users visiting at least one business profile a day, Instagram has become the newest wave in eCommerce.

Known as the mobile-first generation, Gen Z is well acquainted with the ins and outs of online shopping and social media. A recent study by the internet advertising company, Criteo, found that 75% of Gen Z shoppers prefer to make their purchases online. …


©The Art Basel and UBS Global Art Market Report

Art Basel’s and UBS’s newly released report, “The Impact of COVID-19 on the Gallery Sector,” takes a look at the impact of the pandemic on global galleries within the modern and contemporary art market sector through the first half of 2020. Organized by Dr. Clare McAndrew, founder of the research and consulting firm Art Economics, the study evaluated the employment and financial data offered by over 800 leading art galleries from the first half of 2020. The survey’s findings should come as no surprise to anyone who’s been closely following the art market over the past several months.

Most of…


©galeriemagazine.com

Large commercial art galleries represent the artistic establishment, principally featuring mid-to-late career artists whose works are found at the heart of art institutions around the globe. These galleries bank on the reputation of well-known artists to ensure the steady flow of sales needed to maintain their profit margins. On the other hand, small and midsize galleries have always been the advocates of the artistic avant-garde and incubators of new artists whose works challenge the status quo.

For several decades there has been a growing barrier between large-scale commercial art institutions and emerging art galleries. This division has been fueled by…


© Meet-Glass.Art

As the art world responds to the dramatic changes COVID-19 has wrought on the global supply and demand chain, it will be ever more important to provide security to protect against the risk of purchasing counterfeit artworks.

Gen Z is particularly attuned to this issue since we were raised on a diet of digital transparency and privacy issues connected to social media. There is a lot at stake in figuring out how to mitigate these dangers, especially as younger generations mature into fully-fledged art collectors. …


After a fairly quite past week the art market picked up steam again with two of world’s major auction houses putting on standout evening sales across several of their art departments.

© Sotheby’s

Sotheby’s kicked off the week with its highly anticipated “Rembrandt to Richter” auction on July 28th which concluded its summer sale season. The inaugural cross-departmental sale featured works ranging from well-known old master painters all the way up to established contemporary artists. Helena Newman, the chair of Sotheby’s Europe, explained that the company’s new hybrid sale format is the result of “a new generation of collectors (who) show less…


Enzo Ene’s UseAbuse at Art Basel © Kate Brown

What does sustainability mean for the art world and what role does the market play in raising environmental awareness. In today’s article, I look at the environmental impact of the art market.This includes the ecological problems that the art market has perpetuated, the sustainable practices that the market has adopted to remedy these issues, and most importantly, the steps they must continue to make in order to guarantee a better future for our planet.

Art has the profound ability to change our social consciousness and inspire real change. Art’s impact on conservation efforts is no exception. Recently there’s been a…


This was a relatively quiet week for the art market as the majority of the auction houses around the globe are coming off the heels of a scorching hot week of sales that saw several price records broken for artworks sold at auction by modern and contemporary artists.

© Intersect Art and Design

Earlier this week Phillips concluded its “Editions and Works on Paper Sale,” bringing in $5.4 million in sales and placing 232 of the auctions 244 artworks with buyers, realizing a robust 95% sale-through rate. …


Hello and welcome back to my blog, ArtZ. Every Monday I will post a recap of the art market’s major events from the past week, focusing on global auctions, art fairs, and international gallery exhibitions.

© Christie’s

This week Christie’s dominated the art market with its July 10th global ONE sale, featuring standout works of Impressionist, Modern, Post-War and Contemporary art and design. The live online auction, spanning three continents and taking place in four separate cities, offered a combined 37 lots with a pre-sale estimate of $337 million. …


© Michelle Thompson

Hello and welcome to my blog, ArtZ. I’ve been passionate about art and art history since I was a young kid. During my high school years, I participated in a summer internship program at the Rubin Museum in New York City and spent much of my free time exploring the collections and taking courses at The Metropolitan Museum of Art, The Frick Collection, and other cultural institutions throughout the city.

Now, as a rising senior at the University of California — Los Angeles, I am pursuing a degree in economics, history, and art history. The rapidly evolving international art market…

Max Beinhacker

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