Tag: billion

The Alleged Cyber Thief Accused of Laundering $4.5 Billion in Bitcoin Is, Yes, Also an Artist and NFT Collector

Federal agents arrested New York City couple Ilya “Dutch” Lichtenstein and Heather Rhiannon Morgan yesterday on charges of conspiring to launder $4.5 billion in Bitcoin stolen during the 2016 Bitfinex hack—reportedly using the proceeds to buy gold and NFT art. A self-described “raunchy rapper making surrealist art,” according to her recently scrubbed bio on Instagram, Morgan goes by the name Razzlekhan—“like Genghis Khan, but with more pizzazz,” ...

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Demonstrating Resilience During the Pandemic, the Market for Chinese Art and Antiques Reaped $5.7 Billion Last Year, a New Report Found

Get the Report in English: Get the report in Chinese:   Art sales fared better than expected in 2020, despite fears of a major market contraction, according to the ninth edition of the Global Chinese Art Auction Market Report, a partnership between Artnet and the China Association of Auctioneers (CAA). Chinese art and antiques generated $5.7 billion in auction sales around the world last ...

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Art Basel Returns With 254 Galleries From All Over The World, Art Said To Be Worth Over $2 billion – CBS Miami

MIAMI (CBSMiami) – Art Basel, the show of shows for international art galleries, high roller collectors, artists, and those that just love seeing great art is back and set to go. This year’s show, emerging from COVID cancellation, is the annual apex of the South Florida art scene.READ MORE: Feds File Cease And Desist To Stop Florida From Withholding School Funds Over Mask MandatesMarc ...

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Art Industry News: NFT Sales Have Reached a Whopping $3.5 Billion So Far This Year, Per a New Report + Other Stories

Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Friday, October 22. NEED TO READ The Story Behind the “Shadowmans” Popping Up Across New York – During the month of September, some 150 replicas of the late artist Richard Hambleton‘s famous “Shadowman” figures have popped ...

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Art sales rebound to record $2.7 billion

Issued on: 04/10/2021 - 11:28 Paris (AFP) Contemporary art auctions rebounded to an all-time high of $2.7 billion over the last year, boosted by online sales and the arrival of digital art in the form of "NFTs", according to the annual report by Artprice released on Monday. Having seen sales collapse by a third in the previous year because of the initial crisis caused ...

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Christie’s Reports $3.5 Billion in H1 2021 Sales – ARTnews.com

Christie’s released sales figures for the first half of 2021 today. The report indicates that the global pandemic has been inconvenient for the auction market, but far from catastrophic. After improvising throughout 2020, Christie’s seems to have dialed itself in to take advantage of a world awash in cash creating buyers eager to acquire significant pieces of cultural property. Christie’s CEO announced the headline ...

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An American Curator Wrote a Memoir About Building Tehran’s Legendary $3 Billion Art Collection. In Iran, It Hasn’t Been Greeted Warmly

The Tehran Museum of Contemporary Art (TMoCA) has for decades been a beacon for the Iranian people. During the 1979 Islamic Revolution, a human shield formed around the building to protect the art inside. In 2016, when plans to privatize the museum were made public, protests filled the street.  After two years of renovations, TMoCA—which houses the most valuable collection of Modern Western art ...

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Art Basel Report Says 2020 Global Art Sales Fell 22% to $50 Billion – ARTnews.com

Across the international art market, sales of fine art and antiques generated an estimated $50.1 billion in 2020, down 22% from the 2019 total of $64.1 billion, according to the 2021 annual Global Art Market Report sponsored by Art Basel and UBS and written by art economist Clare McAndrew. The result is an even greater fall of 27 percent from the $67.4 billion achieved ...

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£1.57 billion investment to protect Britain’s world-class cultural, arts and heritage institutions

Future of Britain’s museums, galleries, theatres, independent cinemas, heritage sites and music venues will be protected with emergency grants and loans Funding will also be provided to restart construction work at cultural and heritage sites paused as a result of the pandemic Britain’s globally renowned arts, culture and heritage industries will receive a world-leading £1.57 billion rescue package to help weather the impact of ...

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