How are art fairs strangling galleries?
"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 conditions? And do major art fairs hold any responsibility to help reshape the structure of the art market? He argues that, if a new approach is not adopted, art fairs will end up swallowing galleries."
3 November 2024
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...
Why is the offering of loans backed by artworks increasing globally? 31 August 2024
Using artworks as collateral for loans is not a new concept, but recent reports suggest that this practice is experiencing a notable rise and becoming increasingly prevalent in the global art market.
Why Are Collaborative Exhibitions Among Galleries Increasing? 28 July 2024
Collaborative exhibitions, born from the cooperation among galleries, have been increasing in recent years. This trend is also evident in Iran, with such events on the rise, as seen in the recent multi-gallery exhibition celebrating the 100th birthday of Mohsen Vaziri-Moghaddam. In light of this artist's exhibition, the following report provides an overview of gallery collaborations...
Auction Terms You Need to Know Before Entering an Auction 1 July 2024
Auction houses are where wealthy collectors and art dealers gather and compete for the best of the art world. These actors tend to change the atmosphere of this world with their performance; Auctioneers are also interested in seeing the boom of the market with successful sales. Although, watching these events, the most important of which are the evening auctions, creates a certain e...
Exploring the Market of Manoucher Yektai in 2023 21 May 2024
Manoucher Yektai, an esteemed Iranian poet and artist, made his entry into the secondary market in 2006 with two unique pieces featured at the Dreweatts and Bloomsbury auction in Berkshire, England. Up until 2013, Yektai's market saw limited growth, mainly due to the scarcity of his works and their presence in lesser-known auctions. The launch of the Tehran Auction in 2011 marked a...
The Venice Biennale: A Creative Economy-Based Art Enterprise 14 May 2024
The Venice Biennale is one of the oldest and most prestigious avant-garde art exhibitions in the world, with a high level of credibility. In addition to presenting artists' works and introducing them, this biennial is important for predicting and creating new artistic trends. It manages its events with a multidisciplinary model of organization and management, which has made its natu...
Mohsen Vaziri-Moghadam's Market Review 27 January 2024
Mohsen Vaziri-Moghaddam, an Iranian painter, sculptor, lecturer, and art writer, was born in Behbahan in 1925 and passed away in Rome 94 years later. Throughout his career, he conducted various experiments using different materials and media. However, Vaziri-Moghaddam is most renowned for his sand paintings and articulated sculptures. His works have been featured in auctions since 2...
Art as Asset Class 6 November 2023
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...
Abstract art in the art market 4 September 2023
Abstract painting is one of art trends in 2023 and has experienced growing in value in the art market in last few years. According to Artsy's 2023 survey, 44% of respondents cited "abstract art" as the most important genre of contemporary art in their business.