Decline in Turnover and Fewer Million-Dollar Sales: The Art Market in 2024
Editor’s NoteThe latest Art Basel report confirms a sharp correction in the global art market, with high-end sales falling 12%. While overall…
art investment
【New York, US】Marlene Dumas’ Work Sells for Approximately 1.97 Billion Yen, Setting New Record for Highest-Priced Living Female Artist
Editor’s NoteA painting by Marlene Dumas has set a new auction record for a living female artist, underscoring a significant moment in the art…
【Seoul, South】Lee Jung-seop, Chun Kyung-ja, Nam June Paik… Legends Gather in the Art Auction Market
Editor’s NoteThis article previews a major upcoming art auction in Seoul, highlighting the significant number of works on offer and the substantial…
Key Players Leading the Global Art Market
Editor’s NoteThe coverage of major auction results as headline news underscores the unique position of art as a high-value commodity. This article…
【India】Hobby is a Big Thing! Indians Spend the Most Money Here, Not on Food, Clothing, or Housing
Editor’s NoteA new report from Knight Frank reveals that India’s ultra-wealthy allocate a significant 17% of their investable wealth to luxury goods,…
【德国】Sotheby’s, a Russian Billionaire – and How Art Turns into Millions
Editor’s NoteThis article explores a significant shift in the art market, where high-net-worth collectors are increasingly opting for private, direct…
【London, UK】Phillips to Focus on Watches and Jewelry in the Future
Editor’s NoteThis article details a notable shift in strategy at Phillips auction house, as its recent “New Now” sale saw a significant drop in both…
【Hong Kong】Overseas Auctions Holding Steady… Art Market Shows Temperature Differences [Cooling Art Market②]
Editor’s NoteRecent auction results from Christie’s and Phillips in Hong Kong show strong sell-through rates, with luxury sectors like jewelry and…
【South Korea】[Exclusive] Shinsegae Nears Acquisition of ‘Seoul Auction’… “Aiming for High-End Jewelry Too”
Editor’s NoteThis article reports on the imminent acquisition of Seoul Auction by Shinsegae, with a potential deal value of up to 230 billion won….
【Hong Kong】Hong Kong Tycoon Spends $100 Million on Diamonds for 7-Year-Old Daughter… ‘Josephine’ is Daughter’s Name
Editor’s NoteThis article details the revelation behind the ‘Josephine’ diamond, a record-setting gem whose buyer named it for his young daughter. It…