We launched Artnet News Pro to give you exactly what you need to know about the art market. Here are some of our best scoops
In May, we took a big step here at Artnet News. We launched Artnet News Pro, a new members-only section, to provide readers with the tools they need to navigate the high-stakes terrain of the art market.
Since then, thousands of the art world‘s most passionate dwellers, from leading dealers and world-renowned artists, adventurers and titans of the industry, have signed up to stay on top of everything, new names appearing on the scene right down to the essentials. granular dynamics propelling the biggest movements on the market.
Our goal was to deliver the kind of in-house, analyst-caliber baseball blanket that would otherwise be impossible to produce on a large scale for a site like ours. Think of it this way: for fair a article, a professional journalist can meet with half a dozen sources, interview a dozen people, and work with our business intelligence team to extract and analyze over a decade of auction data.
If you haven’t yet taken the plunge, let us whet your appetite. Below, we’ve rounded up a selection of our team’s favorite Pro Stories for 2022. If you like what you’re seeing but haven’t yet subscribed, you can become a member here.
How much does an art dealer really earn? We interviewed a few hundred, here’s what we found
by Zachary Small and Eileen Kinsella
âOver 100 survey respondents identified themselves as gallery managers, the majority of which earned over $ 100,000, with some of the top earners reaching millions. By comparison, those who identified as gallery assistants hit a cap of $ 35,000, about 30% less than what researchers at the Massachusetts Institute of Technology define as living wages in New York state. Over a 40-hour week, the sum is less than $ 17 an hour.
We went behind the scenes with the art dealers looking to make millions in Monaco, the elite city-state smaller than Central Park.
by Kate Brown
âMonaco is sort of a public-private sector,â one art insider told me. – It’s a bit confidential here. In other words, nwatch out for the back room when you have a place like this – it’s, essentially, an entire city-state that doubles as a VIP lounge.
An NFT startup is selling what it calls a real Claude Monet for $ 2 million. The problem? It may not be real
by Eileen Kinsella
âThe authenticity of the work remains an open question. Several Impressionist experts we consulted said that most of the major auction houses would not deal with the work. And the Wildenstein Plattner Institute, which published Monet’s four-volume catalog raisonnÃ© under the editorship of the late scholar and merchant Daniel Wildenstein, said it did not intend to include the painting in future editions of the publication.
“He’s Like a Puppet Master”: How Frank Bowling Directed the Production of His Art – and His Market – During His Twilight Years
by Naomi Rea
âHauser is also playing a long game. They encourage the family to build a core collection of high quality work through the Bowling career and work to determine the whereabouts of those who are missing. To keep the auction market in check, they plan to buy back works for the block and ask Bowling to stop the sale entirely, including the series he’s currently working on.
Meet the new generation of incredibly wealthy and totally obsessed young collectors who are shaking up the art market in Asia
by Vivienne Chow
âThey’re young. They’re rich. They pair Audemars Piguet watches with Vans sneakers. And they buy art, a lot. A new generation of Asian collectors have not only saved auctions from potentially disastrous decline. , but also has the potential to disrupt the hierarchy of tastes in a global art market that has long been dominated by the West.
Why the world’s largest premier art collectors are suddenly pumping hundreds of millions of dollars into baseball cards
by Katya Kazakina
âArtistic advisor Anita Heriot unwittingly found herself giving a crash course on the subject to her new British colleagues while also briefing them on the portfolio of one of her best clients. The collector’s collections included works by Mark Rothko and Andy Warhol, but the most valuable and valued asset was a mine of collectible cards.
Simon de Pury explains how the world’s biggest fashion houses have worked with artists to create a very promising market for collaborations
by Simon de Pury
âThe collaboration between Yayoi Kusama and Louis Vuitton has helped her establish herself in the firmament of the art world. While the bags she created for the brand were sold, her original paintings were displayed on the VIP floor of the Vuitton store on Bond Street in London. I was particularly fascinated by the small plastic figurines of the artist herself. I was desperate to have one and used all of my contacts to no avail. I was told they would all be destroyed once the exhibition was over.
Masterworks wants to transform the art market into the stock exchange by selling fractions of paintings by famous artists. Should you buy?
by Tim Schneider
âThe platform’s value proposition is to convert physical works of art into intangible investment vehicles. Shareholders subcontract maintenance, promotion and resale to Masterworks in exchange for an annual administrative fee. It’s a way to allocate part of an investment portfolio to fine art while avoiding both the logistical downsides – and the psychic benefits – of actually living with art. But whether Masterworks offers a sound investment opportunity is a more complex question. “
Emily Ratajkowski actually commissioned that the Richard Prince portrait she said was “taken from me” and more gossip in the art world.
by Annie Armstrong
“Her post referred to her viral (and truly excellent) story in last September’s Cut, in which she details how Prince – a ‘classy artist who is worth a lot more money than me” – appropriated many of her posts. Instagram and sold them as his own works half a decade ago. Turns out that’s not the whole story. Why? Because this Ratajkowski does not have say, and that Wet Paint can exclusively reveal, is that it order the portrait of the Prince in 2015. “
Kenny Schachter Engages in Top Secret $ 130 Million Frida Kahlo Auction and Rides NFT Swamp
by Kenny Schachter
âThe solution was to have a closed auction among a handpicked click of interested parties. Not a sealed bid, but rather a full, real-time, live auction. The result: more than 130 million dollars were obtained for the work, Me and my parrot, of 1941. The painting is said to have gone to an Asian collector, which further proves a major migration of the art market. western towards the region. “
11 questions the art market should ask about the Bored Ape Yacht Club, the NFT craze in millions, answered by a real expert
by Amy Castor
âIf you’re an NFT owner, you also get a few other perks, like access to the ‘Monkey Swamp Club’ and a members-only graffiti board, according to the Bored Ape Yacht Club website. Bored Apes owners tend to post avatars on their Twitter profiles as a status symbol.
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