Category: Art Market
A Crypto-Collector’s Attempt to Flip the NFT of Jack Dorsey’s First-Ever Tweet—for Which He Paid $2.9 Million—Flops Big-Time
Now he’s trying to get Elon Musk to buy it. Last March, Twitter founder Jack Dorsey made headlines when he minted an NFT connected to his first-ever tweet, featuring the immortal line “just setting up my twttr.” It sold for the equivalent of $2.9 million to blockchain entrepreneur Sina Estavi. Held in the immediate aftermath of Beeple’s … continue reading
This Jackson Pollock Painting Could Become One of the Priciest Works by the Artist Ever Sold at Auction
The painting, estimated to sell for $45 million, measures just 31 by 22 inches. A modestly sized Jackson Pollock painting with an extraordinary presale estimate will be the top lot of Christie’s 20th-century art evening sale on May 12 in New York. Number 31 (1949), a colorful drip painting made in oil, enamel, and aluminum paint and … continue reading
Hong Kong’s Local Art Market Is Flourishing. But Under Its National Security Law, Many Fear an Artist Exodus
Sales have been strong at the start of the city’s fall art season—but it’s market appears to be operating in a parallel universe. Hong Kong’s fall art season started with a bang. Eager collectors crowded into the second edition of the boutique art fair Unscheduled, which took over the vacant former Topshop flagship store on … continue reading
To Ease Supply Chain Delays, Christie’s and the Shipping Company Crozier Are Teaming Up to Open New Sea Freight Routes
The partnership will open routes traveling between New York, London, and Hong Kong. Can a new partnership between the auction house Christie’s and the shipping company Crozier help ease the supply-chain woes caused by the pandemic and Russia’s invasion of Ukraine? Earlier this month, the two art-world heavyweights announced plans for a new monthly sea freight … continue reading
HUGE UPTICK IN ART BUYING DURING COVID
More art has been sold during the pandemic than the year before it.
Isn’t that strange?
So who is buying all this art? Where are they buying it? And which artists are benefitting from the windfall?