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...

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...

The rise of artwork as a tradable commodity in the modern era has fueled the expansion of the art economy, leading to a proliferation of auctions. However, what impacts has this growth brought to the art world? Somayeh Ramezanmahi addresses this inquiry by elucidating the notion of 'artwork value'.

The "Economics of Contemporary Art" by Elisa Zerloni deals with the markets, strategies and star making system in art. A part of this book is dedicated to auctions and the secondary market, which you can read a summary of below.The following text, is from the Persian text translated by Hamidreza Sheshjavani and Leila Mirsafian and published by Farhangistan Honar Publishing.

To “consign” a painting, according to Merriam-Webster, is to send or address it to an agent to be cared for or sold. In the art world, the term is used when collectors, artists, and galleries entrust other galleries or auction houses with artworks, hoping to make a sale.Simple in definition, more complex in actuality. Anyone interested in consigning must make key decisions: Do you w...

A black-and-white photo titled "'Le Violon d'Ingres" by Man Ray, an American artist who lived in Paris, sold for $12.4 million at Christie's auction on May 2022. In this report, the photography market and auction houses active in this market have been discussed.

The modern and contemporary art auction was held on May 24, 2023 in Bonames and Millon & Associes auction houses. Iranian artists such as Sohrab Sepehri, Manouchehr Yektaei, Parviz Tanavoli and Marco Grigorian to younger ones such as Pooya Aryanpour were participated in these auctions and some of them were among the most expensive one's that were sold. This report is an overview...

Printmaking is a medium that became popular again among artists in the middle of the 20th century; For this reason, the 60s and 70s are referred to as the renaissance of printmaking. In this short essay, the printmaking market and its special auctions are discussed.

The present article introduces the art chart and the motives for its formation and the goals of this project in order to create transparency in the pricing mechanism of works in the Iranian visual arts market. This article was written by the Artchart team and published in the special issue of the 15th Tehran Art Auction in January 2022.