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Hyperallergic

Hyperallergic

Sensitive to Art & its Discontents

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art market

Posted inNews

Nearly Half of US Museums Focus on Just 4% of Contemporary Artists

by Elaine Velie June 12, 2022June 10, 2022

A new report examines how emerging artists fare across different cities in the US, finding key gender disparities.

Posted inIn Brief

After Astronomic Market Boom, NFT Prices Plummet

by Valentina Di Liscia April 5, 2021April 5, 2021

On February 22, the average price of an NFT collectible was around $4,300; by April 4, it had dropped to about $1,400.

Posted inArt

George Condo’s Cutism

by John Yau December 12, 2020December 11, 2020

Condo’s paintings play to his viewers’ sense of superiority; it gives them something to smile at without thinking too deeply into the work.

Posted inArt

How Swann Galleries Set the Stage for the Modern African American Art Market

by Cassie Packard December 10, 2020December 14, 2020

For the past 13 years, Swann has been the only major auction house with a department dedicated to African American art, setting auction records for artists such as Sam Gilliam, Faith Ringgold, and Charles White.

Posted inNews

37% of Major Galleries Cut Staff During the Pandemic

by Valentina Di Liscia September 11, 2020November 5, 2020

A new survey by Art Basel and UBS that looks at the pandemic’s impact on galleries found sizable staff cuts, including at galleries with net profits of $10 million or more.

Posted inBooks

The Mega-Dealers Who Ate the Art World

by David Carrier August 17, 2019August 19, 2019

It’s abundantly clear that the present system is unsustainable.

Posted inBooks

Where the Billionaire Buyers Are

by John Seed July 31, 2019July 31, 2019

In BOOM: Mad Money, Mega Dealers, and the Rise of Contemporary Art, Michael Shnayerson paints a vivid portrait of the dizzying ascent of the contemporary art market and the powerful succession of dealers responsible for its rise.

Posted inNews

Does Gagosian’s New Advisory Firm Create a Conflict of Interest?

by Zachary Small April 23, 2019April 24, 2019

Gallerists and art advisors suspect there could be ulterior motives to the industry leader’s latest power play, but Gagosian would beg to differ.

Posted inArt

“Your Money Is Safe in Art”: How the Times-Sotheby Index Transformed the Art Market

by Tiernan Morgan January 15, 2019January 15, 2019

In 1967, Geraldine Norman was tasked with leading an editorial collaboration between the London Times and Sotheby’s. The project galvanized the conceptualization of art as an investment asset.

Posted inIn Brief

Shifting Precedent, Buyers of Art Will Now Pay Resale Royalties in France

by Zachary Small January 2, 2019

After several appeals, the country’s highest court agreed that auction houses may ask buyers to pay a levy — a decision critics say will “disrupt competition” and damage the art market.

Posted inNews

Does the Art World Have a Money Laundering Problem?

by Zachary Small October 18, 2018October 19, 2018

Experts are not convinced that the proposed extension to the Bank Secrecy Act (BSA) would effectively quash financial wrongdoing in the industry.

Posted inNews

Art Dealers Could Be Under More Financial Scrutiny with New US Bill

by Zachary Small June 25, 2018June 29, 2018

The Bank Secrecy Act, created in 1970 to prevent money laundering in major financial institutions, could be extended to the art and antiquities market.

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