In May, we made a big step here at Artnet News. We launched Artnet News Pro – a new section for members only – to give readers the tools they need to navigate the terrain of the art market with great effort.
Since then, thousands of the art world’s most passionate residents – from leading retailers to world-renowned artists to emerging aspirants to industry titans – have signed up to stay up to date on everything from the new names popping up on stage to naked-hard dynamics that drives the largest market movements.
Our goal was to offer that kind of coverage in baseball, analyst caliber that would otherwise be impractical for a site like ours to produce on a large scale. Think of it this way: for just one article, a Pro Reporter might meet half a dozen sources, interview a dozen people, and work with our Business Intelligence team to retrieve and analyze more than ten years of auction sales data.
If you have not taken the plunge yet, let us whet your appetite. Below, we’ve put together a selection of our team’s favorite Pro Stories from 2022. If you like what you see but haven’t subscribed yet, you can join here.
How much does an art dealer actually earn? We asked a few hundred of them – here’s what we found
by Zachary Small and Eileen Kinsella
“More than 100 respondents in the survey were identified as gallery directors, the majority of whom earned more than $ 100,000, with a few top earners reaching millions. By comparison, those who identified themselves as gallery assistants hit a $ 35,000 ceiling – about 30 percent less. than what researchers at the Massachusetts Institute of Technology define as a living wage in the state of New York. Over a 40-hour week, the sum comes to less than $ 17 an hour. “
We went behind the scenes with the art dealers who would make millions in Monaco, the elite city-state less than Central Park
by Kate Brown
“‘Monaco is a kind of public-private,” an insider in the art world told me. ‘It’s a little intimate here.’ In other words, nBeware of the back room when you have a place like this – it’s basically an entire city-state acting as a VIP lounge. ”
An NFT startup is selling what it calls a genuine Claude Monet for $ 2 million. The problem? That may not be true
by Eileen Kinsella
“The authenticity of the work remains an open question. Several Impressionist experts we consulted said most major auction houses would not handle the work. And the Wildenstein Plattner Institute, which published Monet’s four-volume catalog Raisonné under the guidance of the late researcher and negotiator Daniel Wildenstein, said it had no plans to include the painting in future editions of the publication. “
‘He’s Like a Puppet-Master’: How Frank Bowling manages the production of his art – and his market – in his twilight years
by Naomi Rea
Hauser also plays a long game. They encourage the family to build a core collection of top quality works from Bowling’s entire career and work to find out where the missing persons are. To keep the auction market under control, they are considering repurchasing works on their way to block and ask Bowling to keep others from selling out completely, including the series he’s working on now. “
Meet the new generation of young, indecently wealthy and totally obsessed collectors who strengthen Asia’s art market
by Vivienne Chow
“They’re young. They’re rich. They pair Audemar’s Piguet watches with Van’s sneakers. And they buy art – a lot of it. A new generation of Asian collectors not only saved auction sales from a potentially catastrophic fall, but also have the potential to disrupt the hierarchy of taste production in a global art market that has long been dominated by the West. “
Why the largest Blue-Chip art collectors in the world are suddenly pumping hundreds of millions of dollars into baseball cards
by Katya Kazakina
“Art advisor Anita Heriot found herself inadvertently giving a quick course on the subject to her new British colleagues while getting them up on the portfolio of one of her top clients. The collector’s possessions included works by Mark Rothko and Andy Warhol, but the most valuable and most rapidly valued asset was a crowd of trading cards. “
Simon de Pury on how the world’s best fashion houses have worked with artists to create a red-hot market for collaborations
by Simon de Pury
“The collaboration between Yayoi Kusama and Louis Vuitton helped establish her in the art world’s firmament. While the bags she created for the brand were sold, her original paintings were presented on the VIP floor of the Vuitton store on Bond Street in London. I was particularly fascinated by small plastic figures by the artist himself. I was desperate to get my fingers in one and used all my contacts, to no avail. I was told they would all be ruined once the show was over. “
Masterworks wants to turn the art market into the stock market by selling fractions of paintings by famous artists. Are you going shopping?
by Tim Schneider
“The platform’s value proposition is to convert physical works of art into intangible investment instruments. Shareholders outsource care, promotion and resale to Masterworks in exchange for an annual administration fee. It’s a way of allocating part of an investment portfolio to art while avoiding both the logistical disadvantages – and the psychological benefits – of actually living with art. But whether Masterworks offers a smart investment opportunity is a more complex matter. “
Emily Ratajkowski actually commissioned the Richard Prince portrait she said was ‘taken from me’ and more art world gossip
by Annie Armstrong
“Her post pointed back to her viral (and truly excellent) story in last September’s Cut, in which she describes how Prince – a ‘fancy artist worth a lot more money than I’ ‘- acquired several of her Instagram posts. posted and sold them as his own works half a decade ago.As it turns out, it’s not the whole story.Why? Because what Ratajkowski did not do say, and as Wet Paint can only reveal, is that she actually ordered The portrait of the prince in 2015. ”
Kenny Schachter is led into an ultra-secret $ 130 million frida Kahlo auction and Wades through the NFT swamp
by Kenny Schachter
“The solution was to conduct a closed auction among a hand-picked clique of interested parties. Not a sealed bid – but rather a full-on, real-time, live auction. The result: a total of $ 130 million plus was obtained for the work, Me and My Parrot, from 1941. It is said that the painting went to an Asian collector, which further supports a larger market migration of Western art to the region. “
11 questions the art market should have about the Bored Ape Yacht Club, NFT Craze Raking in Millions, answered by an actual expert
by Amy Castor
“If you’re an NFT owner, you’ll also get a few other perks, such as access to the ‘Monkey Swamp Club’ and a members-only graffiti board, according to the Bored Ape Yacht Club’s website. People who own Bored Apes , tends to post the avatars on their Twitter profiles, as a status symbol. “
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