Entertainment Online Art Purchasing Boom continued in 2021
Leaked emails reveal Sydney art dealer's connections to alleged art trafficker Douglas Latchford
Emails seen by the ABC show a Sydney antiquities dealer bargaining with Douglas Latchford, a notorious collector of Cambodian art who was accused of selling looted items. The dealer says he never had a business relationship with Mr Latchford.On web pages linked to the business Gandhara, a number of items linked to controversial art dealer Douglas Latchford were featured. The items were labelled "Price on Request".
Online works of art, which took off in 2020, beginning of the Covid-19 sanitary crisis and confines Successive, continued their flight in the first half of 2021, according to a report by the Hiscox specialized insurance company published Monday.
International online sales have reached a record value of $ 6.8 billion in the first half of the year (a 72% increase compared to the first half of 2020) and could reach a historic value of 13.5 billion dollars from here at the end of the year if their rhythm is maintained, according to the report.
Hunter Biden sells five art prints for $75K each
At least five reproductions of Hunter Biden's art sold for $75,000 each at his show at the Georges Berges Gallery in Los Angeles. It is unclear what prints sold or who bought them.The prints were sold from Georges Berges Gallery in Los Angeles before the Oct. 1 opening of his pop-up presentation.
"The confidence of the buyers has been the main lever of take-off from online sales", highlight its authors who specify that "many of them have agreed to pay more important amounts than before works of art".
In the first half of 2021, the average price paid during online auctions online organized by Sotheby's, Christie's and Phillips was $ 24.291, nearly three times as in 2019 ($ 8,529). Dollars.
phenomenon in full recrudescence: NFT (non-fungible tokens) or certificates of digital authenticity for online content (images, animations, tweet ...) revolutionize the world art market. Some 14% of the platforms have already integrated NFTs into their offers and 38% are considering doing it in the near future.
Sales of works of art and encrypted collection objects in NFT, since the beginning of the year, have reached about $ 3.5 billion in late September, thanks to the new possibility offered by this technology in terms of Artistic collection, both physical and online, according to the report.
It is based on a study conducted for Hiscox by the London Markets Studies Company Artctic with buyers from all continents.
Indigenous art funding boost to roll out QR codes so customers can check authenticity of works .
The federal government boosts funding for the Indigenous arts sector, including money to roll out QR codes that will allow customers to check the authenticity and cultural significance of artwork and products. Up to 80 remote and regional Indigenous arts centres will be helped to connect to the National Broadband Network (NBN) and be provided with equipment and training from March next year, in a bid to get communities access to potentially lucrative online markets.