How are art fairs strangling galleries? 3 November 2024
"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 Report on Iran's Art Market: First Half of 1403 (SH) 29 October 2024
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...
Did the second online auction build on the first, or mark a return to the classic in-person format? 15 October 2024
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...
Report on the Twenty-First Tehran Auction: The Second Online Auction of Contemporary Iranian Art 15 October 2024
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...
Spring 2024 auctions: The worst financial performance of the century 6 October 2024
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...
Art Books: Exploring Authenticity, Symbolic Value, and the Market 1 October 2024
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...
How New York, London, Paris, and Hong Kong Competed in Major Auctions 24 September 2024
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...
Cultural Policy and Generative AI: The Classic Copyright Dilemma 17 September 2024
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...
The Iranian Art Market Beyond Borders: 10 Iranian Artists Exclusively Active in the Global Market 15 September 2024
Before the establishment of Tehran Auction in 2012, cities like Dubai, London, and Paris were the primary hubs for the sale of Iranian art. With the launch of the auction, Tehran joined the global art market map. Artists whose works had not previously been sold publicly were introduced to the market, with some even gaining access to the international art scene. While Tehran Auction...