Art collecting, when examined through the lens of psychology, can be likened to walking a fine line. On one hand, it is viewed as a positive activity dedicated to the preservation and safeguarding of historical, cultural, and artistic artifacts. On the other hand, it is sometimes perceived as a purely economic endeavor aimed at profit-making, or even, in some cases, as an addictive...

The price of an artwork is influenced by a complex interplay of factors that include supply and demand, the artist's career stage, medium, provenance, market trends, and emotional value. The primary art market, where artworks are sold for the first time, relies heavily on galleries to set prices based on reputation, education, and quality. Meanwhile, the secondary market, involving...

The October and November 2024 modern and contemporary Middle Eastern art auctions demonstrated significant achievements by artists from across the region. Held in Paris and London by Sotheby’s, Christie’s, Bonhams, and Millon, the six auctions featured 438 works by 235 artists, generating total sales of $13.14 million. Egyptian and Iranian artists led the market in terms of volume a...

At a talk accompanying her painting exhibition for the opening of Pace Gallery’s new branch in Japan, Maisha Mohammadi discussed her transition from neuroscience to art, her creative process, and how she embedded a wish for her husband into one of her works.

Art auctions in the first half of 2024 did not perform well, with one report describing this spring as the worst auction season in a century. Now, Christie’s and Sotheby’s are turning their focus to single-owner collections, hoping for better results in the November auctions in New York.

"The financial burden of participating in prominent art fairs such as Art Basel or Frieze poses a significant challenge for small galleries and emerging artists, particularly in recent months as the art market has been grappling with a crisis. In this discussion, Magnus Resch raises critical questions: How many more galleries can continue to operate under such difficult market condi...

Artchart, a data discovery and analysis platform focused on Iran’s art market, has been documenting and analyzing economic data for this sector since its founding in 1398 SH, offering essential insights to Iranian professionals and audiences. Since 1401 SH, Artchart has issued annual reports on Iran’s art market. This release marks its first semi-annual report, providing a mid-year...

Tehran Auction has held two of its events online so far: the first, its 18th edition in December 2023, and the second, its 21st edition in October 2024. Both events were dedicated to contemporary Iranian art. On the occasion of the second online edition, Artchart has analyzed the statistics and figures from these two auctions, comparing them to provide a clearer understanding of Teh...

Artchart, a data analytics and mining platform for the Iranian art market, has been dedicated to recording and analyzing economic data related to Iranian art since its establishment in 2019. To date, this platform has closely examined twenty editions of Tehran Auction, and the following report will delve into the twenty-first edition of the auction. This edition, focused on contempo...