Click here to subscribe. Already a member? Access the full report here. Allow us to let you in on a secret. When we began planning the fall 2021 edition of the Artnet Intelligence Report about a year ago, we asked ourselves whether we should include an article on NFTs. “Who knows if NFTs will even be relevant in a few months?” one of our ...
Ten million jobs were lost in creative industries during the coronavirus pandemic—while thousands more remain imperiled—according to a new report from UNESCO. Released today, the report outlines “an unprecedented crisis in the cultural sector” exacerbated by a decline in government spending on the arts in the years leading up to the pandemic. “The social security net for artists in many countries was already inadequate, ...
Members of the crypto art community have accused Buzzfeed News of doxxing the founders of the world's most expensive NFT collection, Bored Ape Yacht Club (BAYC), following a report from the news website that revealed their previously hidden identities. In the article, published on Friday, New York tech journalist Katie Notopoulos named the two men behind the online pseudonyms "Gordon Goner” and “Gargamel” as ...
The U.S. Treasury Department has released a new report on findings related to the illicit activity in the high-end art market. The department found that while the $50 billion industry is vulnerable to various financial abuses such as money laundering, other regulatory issues are higher priority. The study concluded that further government regulations are not immediately necessary. The sector of the market most vulnerable ...
Rocco Ritchie, son of Madonna and Guy Ritchie, may be an artist operating under the pseudonym Rhed and showing at Tanya Baxter Contemporary in London. The sleuths at Page Six say they’ve sussed out the identity of this “emerging artist” (Rocco is 21). Suggesting a connection is the fact that the global megastar and her ex were at the 2018 opening of Rhed’s debut ...
In 2021, collectors and traders spent $22 billion on NFTs, up from $100 million in 2020, reported the Guardian. The data comes from DappRadar, which regularly offers trade reports and maintains a leaderboard of the top NFT sales. The NFT scene made a splash in early 2021 with Beeple’s landmark $69 million sale of his NFT Everydays: The First 5,000 Days (2021). To many at the ...
Introducing: The Artnet NFT 30 Report | Artnet News NFTs Who are the figures powering today's NFT boom? The Artnet NFT 30, sponsored by the APENFT Foundation, offers an introduction to key players. Artnet NFT, December 14, 2021 The Artnet NFT 30 report is here. Who are the figures powering today’s NFT boom? The Artnet NFT 30, sponsored by the APENFT Foundation, offers an ...
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 ...
Today, London’s National Gallery published the most detailed research so far into the role slavery played in the institution’s 197-year-old history. The data focused on the period between 1824 and 1880, and names 67 individuals with either direct, familial, or more tangential connections to slavery. Another 27 people named by researchers were involved with the abolitionist movement; a further 27 had connections to both ...
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 ...
