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...

 According to a report published by two art market analysts, the spring 2024 auctions have had the worst financial performance of the current century. This season has seen a decline in prices and demand at auctions such as Christie’s, Sotheby’s, and Phillips. Analyses indicate that this downturn is a result of global economic factors and shifts in buyer preferences, which could...

With the emergence of the global art market in the latter half of the 20th century, art itself became a commodity. The financial volume exchanged in buying and selling artworks surpassed all expectations. As a result, art began to gain more recognition not only through aesthetic standards but also through its rising material value. This shift—the transformation of the art world into...

The global art market is undergoing changes, and cities like New York, London, Paris, and Hong Kong have evolved as as major hubs for high-profile auctions over the past decade. These transformations are driven by economic, political, technological, and cultural factors, leading to the development of new approaches in art sales. Considering the impact of the COVID-19 pandemic and th...

Although the first significant attention to the artificial intelligence (AI) revolution emerged in the cultural sector, notably through the 2016 DeepMind Challenge Match, the prevailing belief was that AI would not significantly impact the fields of culture and art in the near future. This assumption, however, proved incorrect. Perhaps this is why, in June 2024, the Cultural Policy...