Over the past two years, the global art market has faced significant challenges and a notable downturn. According to recent reports, total auction sales at major houses such as Sotheby’s, Christie’s, and Phillips saw a sharp decline in 2024, continuing the downward trend from 2023.In response, the art market has been exploring new strategies to counteract these losses. One promising...

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 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...

Art can be considered a kind of property and capital due to some capacities. Buying art brings financial returns and, like other traditional assets, increases in value over time. Art can be bought and sold because a separate market has been created for it. In the meantime, buying works from prominent artists has shown a positive return and has attracted investors to create diversity...

In this article, Artpro magazine has examined the market of female artists in 2021. Their research has shown an unprecedented growth in the share of female artists in total sales. This share has almost doubled from 2012 to 2021, however, it has only reached six percent of total sales. In this article, the statistics of the top 100 female artists in the world and their sales record i...