The 2022 Christie’s Art + Tech Summit rounded up VCs, VPs, CEOs, COOs, CSOs, brand heads, founders and all the other executive titles you can imagine from a variety of start-ups and established tech companies to provide their insight on a vitally important question: what will the future of art look like? Here’s a preview: lots of data harvesting and self-measurement, increasing ease-of-purchase online ...
To receive Morning Links in your inbox every weekday, sign up for our Breakfast with ARTnews newsletter. The Headlines BRAZILIAN ART COLLECTOR GILBERTO CHATEAUBRIAND has died at the age of 97, the Art Newspaper reports. “Gilberto had the largest and most qualified collection of modern and contemporary Brazilian art in the country,” Luiz Camillo Osorio, the curator of the Pipa Institute, a nonprofit that support Brazilian contemporary art, said in a statement published by TAN. The ...
Christie’s announced Monday that it has launched Christie’s Ventures, an investment fund that will target emerging tech companies whose product could have an impact on the art market. While Christie’s would not disclose the exact amount of the fund, a representative offered a ballpark figure of “several million dollars.” The auction house was one of the very first art institutions to understand the impact ...
On Tuesday, Christie’s, the largest auction house in the world, reported that it generated $4.1 billion in sales in the first half of 2022. The figure represents an 18 percent rise over the result of $3.5 billion achieved during the same period last year. Through live and online auctions, the house generated $3.5 billion between January and June, a 32 percent rise over the ...
Christie’s staged two back-to-back sales of modern and contemporary art on Tuesday afternoon in London and Paris, bringing in a combined total of $250 million with fees. The 106 lots offered spanned works from young newcomers like Anna Weyant and pieces by long-gone art historical figures like Claude Monet. Some 97 works sold, with one piece by Cy Twombly withdrawn in advance. Twenty-eight lots ...
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 Tuesday, June 28. NEED-TO-READ Goldsmiths’ Slavery Statues Will Remain on View Following Vote – London locals voted to keep four statues of historical figures linked to the slave trade installed at Goldsmiths University. Students protested ...
Noah Davis, the head of digital sales at Christie’s who helped initiate the NFT boom in the art world, will leaving the auction house to work on CryptoPunks, a hugely popular NFT collection. CryptoPunks was recently bought by YugaLabs, the parent company of the Bored Ape Yacht Club NFT collection, and is valued at more than $2 billion. “I’m humbled and honored to announce ...
On Thursday evening in Hong Kong, Christie’s modern and contemporary art evening sale brought in a combined HK$1.4 billion ($184 million) with premium, hammering just above at the expected low estimate of HK$1.2 billion ($150 million) Christie’s had designated ahead of the sale. Despite Hong Kong and Shanghai having just emerged from another strict lockdown period, the sales performed well, with a relatively high ...
On Thursday night, Christie’s concluded its marquee May sales week with a blockbuster night of back-to-back auctions. A sale dedicated to Impressionist and modern works from the collection of the late New York philanthropist and socialite Anne Bass was followed by another devoted to 20th-century art. Together, the two sales brought in a staggering $831 million with buyer’s fees. Christie’s global head of Impressionist ...
Christie’s staged its second evening sale dedicated to art made in the 21st century Tuesday, netting a total of $103 million for the 29 lots. That result fell just short of the high end of the lots’ adjusted pre-sales estimates of between $76 million-$106 million. The total paled in comparison to Monday evening’s sale of 36 works from the collection of the Zurich sibling ...
