The 9th Japan Vietnam Festival

The Japan Vietnam Festival, an annual event in Ho Chi Minh City, returns for its ninth edition. With the aim of showcasing and celebrating the cultures of Japan and Vietnam, the festival seeks to strengthen the friendship between the two nations.

Visitors attending the Japan Vietnam Festival in HCMC. Photo courtesy of Japan Vietnam Festival

This two-day event features various programs such as culinary and tourism exchange activities, Vietnamese ao dai performances, and music performances. Attendees can also explore booths displaying Vietnamese and Japanese poetry, tea ceremonies, the Japanese art of paper folding origami, and traditional folk games. A new addition to this year’s festival is a snow area, designed to entertain young visitors.

The festival will be held from March 9 to 10, at 23/9 Park, situated between Pham Ngu Lao and Le Lai streets in District 1. Admission is free.

French movie “Van Gogh”

French cinema Rendez-vous is a weekly event introducing the richness and diversity of French cinema by screening a variety of very different films. Screenings are held by French Cinema Rendez-vous and Institut Français de HCMV.

“Van Gogh” tells the story of the gifted painterVincent Van Gogh. After leaving the hospital, Van Gogh moves to Auvers-sur-Oise, where he is looked after by Dr. Gachet. During his time there, he develops a romantic relationship with Marguerite, who is the daughter of his host, Dr. Gachet. However, Marguerite comes to understand that Van Gogh’s true passion and devotion lie in his art, rather than in their relationship. His art is depicted as the driving force in his life, giving him purpose and fulfillment.

A part of the “Van Gogh” poster. Photo courtesy of DCiné Cinema

The movie will be screened at 7 p.m. on March 9 at DCiné Cinema, 6 Mac Dinh Chi Street, District 1. The price of a ticket is VND75,000 ($3) per person. The movie is suitable for audiences aged 16 and above.

Art market event

Saigon Outcast, a social hub at 188/1 Nguyen Van Huong Street, Thu Duc District, will host an art market event titled “More Than an Art Market.”

The event will feature a diverse range of artworks and craft items available for purchase, including paintings and artisanal products. Attendees can also engage in interactive workshops to create their own artworks under guidance.

“More Than an Art Market” poster. Photo courtesy of Saigon Outcast

The “More Than an Art Market” event will take place from noon to 9 p.m. on March 9. Admission to the event is priced at VND30,000 ($1.20). Children must be accompanied by adults at all times during the event.

Pet art exhibition “BiBi & Friends”

“BiBi & Friends” is an exhibition dedicated to animal lovers, aimed at supporting dog and cat rescue stations. The exhibition will showcase multimedia works from various artists, including paintings, photography, poetry, and short films. The event is named after Bibi, a formerly homeless cat who found a loving home during the Covid-19 pandemic.

“BiBi & Friends” poster. Photo courtesy of Tipsy Art

The exhibition will feature more than 40 pet-related artworks. Attendees can purchase art pieces displayed, with proceeds going towards supporting animal shelters.

The exhibition will run from March 9 to 15 at Tipsy Art, located at 6B Nguyen Canh Chan Street, District 1. Admission ticket is VND50,000 ($2) per person.

Special set menu for International Women’s Day

Japanese restaurant SORAE will organize a special dining event to celebrate International Women’s Day, featuring a set menu created only for this day, with violin performance.

Creamy smoked salmon spring roll, featured in the set menu for the International Women’s Day celebration at SORAE. Photo courtesy of SORAE

The menu includes items such as salmon skin salad with truffle dressing, assorted high-quality sashimi, angus beef steak, and mixed deep-fried cod fish with grilled sushi rice. In addition to the culinary offerings, there will be an area where men can package rose bouquets.

The set menu is priced at VND1,800,000 ($73) per person. The International Women’s Day celebration at SORAE will take place on March 8 at two time slots: 11 a.m. to 2 p.m. and 5 p.m. to 11 p.m. SORAE is located at level 51 of Bitexco Financial Tower, 36 Ho Tung Mau Street, District 1.

If you were anywhere near a radio in the early 2010s, odds are you’re familiar with Gotye’s “Somebody That I Used to Know.” The ballad rose to popularity as it topped international charts and won awards, and today, the complicated love song boasts more than 1.6 billion streams on Spotify alone. Over a decade after its release, CDK Company revisited the hit,  choreographing a dance performance that’s just as iconic as the track’s original stop-motion music video.

On a single stage, the Netherlands-based collective showcases a wide array of sequences and movements in under four minutes. Dressed in ’70s business casual complete with blazers, vests, embroidered blouses, and flared pants, the troupe incorporated ripple effects, tutting, and sharp jolts to bring forth a sense of urgency and intensity, creating a satisfying visual contrast against a rather mellow song. Wide-angle shots and cohesive color grading enhance the performance, evoking a heavily stylized environment that could be part of a Wes Anderson film.

Watch the number along with the company’s other works on Youtube.

Do stories and artists like this matter to you? Become a Colossal Member today and support independent arts publishing for as little as $5 per month. The article CDK Dancers Deliver a Mesmerizing ’70s Inspired Performance to Gotye’s Iconic 2010s Hit appeared first on Colossal.

In a recent progression of work, Iranian artist Salman Khoshroo (previously) pushes the boundaries of polymer. Thick globs of the industrial material are mixed into a gummy consistency in hues of tinted primary colors mixed with black and white. In an impressively captivating balance of tousled dabs and methodical dollops, Khoshroo sculpts gestural busts, evoking human essence with a minimal number of strokes.

The Polymer Series came into existence from an ongoing investigation of different materials and their artistic potential. Elaborating on this process of exploration, the artist shares, “I search for materials with interesting behaviors that embody a certain kind of empathetic physical feel. This material is very gestural on its own: The pieces dance and wrestle with this sticky substance to shape it into its final human forms.”

For more work, see Khoshroo’s website and follow his Instagram.

“PHS-05” (2023)

“PHS-01” (2023)

“PHS-07” (2023)

“PHS-04” (2023)

“PHS-02” (2023)

“PHS-03” (2023)

Do stories and artists like this matter to you? Become a Colossal Member today and support independent arts publishing for as little as $5 per month. The article Salman Khoshroo’s Busts Challenge the Conventions of Polymer appeared first on Colossal.

The market for wall art is expanding rapidly, even in emerging economies where home accessories and other related goods are finding great success on the market. Due to the expansion of the real estate sector in major cities and the shift from traditional to urban living, the impact of this aspect on the wall art market is anticipated to grow during the projected period.

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Allied Market Research recently published a report, titled, “Wall Art Market by Type (Modern, Abstract, Others), by Price Point (Premium, Mass), by Sales Channel (Auction Houses, Specialty Stores, E-commerce, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.”

As per the report, the global wall art industry was estimated at $20.40billion in 2021, and is set to reach $34.77 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

📚 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝐏𝐃𝐅 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 at www.alliedmarketresearch.com/request…mple/17281

Rise in disposable income, increase in the global population, and thriving real estate sector drive the growth of the global wall art market. A massive increment in the number of households due to urbanization will promote global market growth trends.

Growing demand for modern and abstract wall art across the commercial and residential sectors is predicted to create new growth opportunities for the global market. However, fluctuations in raw material costs can put brakes on the global market expansion.

The market will expand due to the home decor sector’s quick development and expansion in developing economies. Since manufacturers are concentrating on creating innovative wall paintings and drawings, the wall art market demand for abstract and modern wall art from the residential and commercial sectors is rising.

This is projected to have an impact on the wall art market growth over the course of the forecast period. One of the factors propelling the wall art market’s growth over the forecast period is the movement of people from rural to urban areas, where they are embracing the modern lifestyle.

But the market’s expansion is being constrained by shifting raw material prices.

The global wall art market is segmented into type, price point, sales channel, and region. By type, the market is divided into modern, abstract, and others.

Among these, the abstract segment occupied the major wall art market share of the market in 2021, and is projected to maintain its dominance during the forecast period. Modern art that does not depict imagery from the real world is called abstract art.

Even though it features color, lines, and shapes, neither of them is intended to resemble actual objects or live beings. The abstract concepts and ideas frequently had an impact on the works of art.

As a result, abstract wall art is greatly demanded by consumers.

Enquiry Before Buying : www.alliedmarketresearch.com/-enquiry/17281

According to the estimate for the global market for wall art, North America held the largest share of the market in 2021 and is expected to keep doing so in the near future. The increase in consumer spending on high-end home design and décor items and the rise in living standards are driving the growth of wall art market in North America region.

Sales in this area are further boosted by a well-developed retail infrastructure and celebrity brand endorsements. Additionally, the U.S. is anticipated to expand at the greatest CAGR because of its fast-developing infrastructure and alterations in consumer behavior brought on by an increase in disposable income.

The COVID-19 epidemic had an adverse effect on the global market for wall art. The pandemic’s disruption of the supply chain, shortage of raw material availability, and restrictions on the transit of commodities had an effect on the market for wall art.

Additionally, delays and disruptions at national borders have made it difficult to export and supply wall art around the globe.

One of the reasons affecting the sales of wall art is the expanding social media. The majority of Americans have acknowledged that they get more of their decorating ideas from publications, the houses of their friends and family, television shops,.

The manufacturers are also increasing their social media presence in an effort to increase customer awareness of new product introductions and drive sales. Due to the growing numbers of millennials and generation X, the effective marketing strategies are also very common in the nation.

Buy Now This Report at : www.alliedmarketresearch.com/checkou…d20fae8542

𝐓𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐧𝐚𝐥𝐲𝐳𝐞𝐝 𝐟𝐨𝐫 𝐠𝐥𝐨𝐛𝐚𝐥 𝐰𝐚𝐥𝐥 𝐚𝐫𝐭 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐚𝐫𝐞
• Etsy, Society 6,
• Saatchi art,
• 1000 Museums,
• Paintru,
• Artfinder,
• Redbubble,
• Schoolhouse,
• Urban Outfitters,
• Rifle Paperco,
• One Kings Lane,
• Big Wall Decor,
• Wayfair,
• Z Gallerie, and
• Art.com.

𝐊𝐄𝐘 𝐅𝐈�.𝐃𝐈�.𝐆𝐒 𝐎𝐅 𝐒𝐓𝐔𝐃𝐘
• By type, the abstract segment was the highest revenue contributor to the market, with $9,798.2 million in 2021, and is estimated to reach $16,480.3 million by 2031, with a CAGR of 5.5%.
• Depending on price point, the mass segment was the highest revenue contributor to the market, with $12,294.9 million in 2021, and is estimated to reach $20,385.1 million by 2031, with a CAGR of 5.4%.
• As per sales channel, the specialty stores segment was the highest revenue contributor to the market, with $9,845.1 million in 2021, and is estimated to reach $16,401.8 million by 2031, with a CAGR of 5.4%.
• Region wise, North America was the highest revenue contributor, accounting for $7,895.3 million in 2021, and is estimated to reach $12,621.8 million by 2031, with a CAGR of 5.0%.

𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐑𝐞𝐯𝐢𝐞𝐰
According to CXOs of leading companies, rising interest in giving homes and offices an aesthetic look, increasing demand for wall art from the construction industry to provide furnished and ready-to-live homes, increasing applications of décor in spas, salons, restaurants, and other establishments, rising preferences for the use of customized decorative products, and increasing demand for specific design of decoration are some of the significant and essential factors that will likely accelerate the growth of the wall art market. On the other hand, growing adoption of smartphones and internet portals, together with the prevalence of better sales channels, would further contribute by producing enormous chances that will led to the rise of the wall art market during the forecast period.

Another major driver of the demand for wall art is rising consumer disposable income. High-paying customers rarely give such purchases for their homes much thought.

The changing tastes and preferences of customers as well as their changing lifestyles are contributing to this rise in demand for wall art. Additionally, the real estate market in developed nations like the U.S., Germany, the UK, and France, among others, has seen a considerable uptick in recent years, which is fueling demand for home lifestyle items like wall art.

Another element boosting demand for wall art is GDP growth in developed nations.

PARIS, March 7, 2024 /PRNewswire/ — Our 28th Artprice Annual Report “The Art Market in 2023” offers a global summary and analysis of auction results for works of fine art – paintings, sculptures, drawings, photographs, prints, videos, installations, tapestries, and NFTs – throughout the year (January 1 to December 31, 2023). It does not cover antiques, anonymous cultural property, or furniture.

All prices indicated in this Artprice by Artmarket Report refer to public auction results, buyers’ fees included. The $ symbol refers to the US dollar.

The bottom line figures for the global art market in 2023 are positive with transactions up significantly (+5%) and a historic record in the number of works sold.

2023 stands out as the most dynamic year in the history of the global Art Market, with more than a million works put up for auction and 763,000 transactions.

According to thierry Ehrmann, CEO of Artmarket.com and Founder of Artprice: “This growth resulted from a spectacular progression of auctioneers’ Internet activities with a 545% growth in the advertisement of Internet auctions, and a 285% growth in the number of ‘live sales’ around the world, after three years of Covid pandemic. Such growth figures were previously expected for 2027-2029.”

The United States maintained its first place generating 35% of global art market auction turnover, but with China hot on its heels with 33%.

Moreover, in this year of Franco-Chinese cultural & touristic cooperation, art market professionals are expecting a substantial expansion of the Chinese art market, possibly taking the leader position in 2024.

For the compilation of our latest annual report (the world’s most comprehensive report on the global art market), Artprice by Artmarket.com – world leader in Art Market information –  has pursued its collaboration – for the 15th consecutive year – with its partner, the Chinese State group, Artron. The global coverage of art auctions made possible by the association of Artprice and Artron ARAA has resulted in an exhaustive view of the structural evolution of the global art market and its trends on a global scale.

In this report, Artprice presents, among other data, its now famous rankings, including the Top 500 artists by annual auction turnover (on fine art and NFTs) in 2023, as well as the Top 100 fine art and NFT works sold at auction in 2023, showing, notably, the spectacular success of female artists.

The dematerialization of the art market on the Internet is today the dominant trend on all 5 continents of the world, relegating physical auction rooms to the 20^th century.

Artprice by Artmarket is pleased to announce the publication of its 28th Report “The Art Market in 2023”, available free of charge, in full and in three languages, online as well as in PDF format:

French:
https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2023
https://fr.artprice.com/artprice-reports/pdf/rama/le-marche-de-lart-en-2023.pdf

English:
https://www.artprice.com/artprice-reports/the-art-market-in-2023
https://www.artprice.com/artprice-reports/pdf/rama/the-art-market-in-2023.pdf

Mandarin:
https://zh.artprice.com/artprice-reports/zh-the-art-market-in-2023
https://zh.artprice.com/artprice-reports/pdf/rama/zh-the-art-market-in-2023.pdf

General overview of 2023: from a ‘seller’s market’ to a ‘buyer’s market’

The volume of Fine Art and NFT auction transactions reached a record level: 762,800 lots sold compared with 723,700 in 2022 (+5%).

Fine Art and NFT auction turnover totaled $14.9 billion, compared with $17.4 billion in 2022. This 2023/2022 turnover drop can be mainly explained by a reduced consignment of works worth more than $50 million, which resulted in a shortfall of approximately $1.5 billion versus 2022. Indeed, 2022 saw 24 works valued above $50 million generate $1.95 billion compared with just six lots above that price threshold generating $494.5 million in 2022.

The global average unsold rate rose from 35% in 2022 to 38% in 2023, suggesting buyers  were more selective in 2023.

According to Artprice by Artmarket’s Founding CEO, ‘the adage about the art market: “The right work, the right theme, the right period, with the right provenance and the right artist” was more than ever true in 2023′.

The average auction price of an artwork in 2023 was $19,550.

Half the works (the median price) fetched under $700 in 2023, making art generally more affordable.

80% of artworks fetched under $4,130.

Artprice’s Global Price Index increased by +2% between January 1, 2023 and December 31, 2023.

Contemporary Art represents 17% of the art market, compared with 16% in 2022 and only 3% in 2000. In 2000, Contemporary Art generated $69 million compared with $2.53 billion in 2023. The Contemporary art market has therefore increased 36-fold in 23 years, reflecting a historic phenomenon with Contemporary Art becoming a primary locomotive of the global art market.

Modern art remained the largest segment of the art market, accounting for 40% of its auction turnover revenue (compared with 38% in 2022).

Two works exceeded the symbolic threshold of $100 million in 2023, one in New York and the other in London (versus 6 results above $100 million in 2022).

In 2023, Artprice counted 1,548 seven-digit auction results as well as 2 NFT results above that threshold (versus 1,682 and 1 NFT lot in 2022).

Among the 1,550 seven-digit auction results, 206 were hammered for female artists, or 13%.

Soft Power: the
U.S.A. maintains its first place

The United States (even after a 28% contraction vs. 2022) hammered 174,600 auction results generating $5.2 billion, or 35% of the global art market’s total art auction turnover (vs. 160,000 lots sold and $7.3 billion in 2022, or 42% of global art auction turnover). The contraction essentially came from the lower number of high-end consignments (works valued above $50 million).

China (+4%) returned to growth, generating $4.9 billion, or 33% of the global art auction turnover. (vs. $5.9 billion in 2022 and 35% of global turnover).

The UK (-15%) consolidated its third place with $1.8 billion, or 12% of the global market
(vs. $2.1 billion in 2022 and 12% of global turnover). Sotheby’s in London hammered a new auction record for a work of fine art in the UK: $108 million for Gustav Klimt’s Lady with a Fan (1917/18). When looked at over the longer term, it is clear that Brexit has negatively impacted the UK’s art auction market.

France (-11%) totaled $875 million (6% of global turnover) from 106,000 lots sold
(vs. $988 million in 2022 accounting for 6% of the global market). It consolidated its leader position on the European continent in terms of art auction turnover. As regards transaction volumes, it ranks second after the United States. France is indeed gaining strength in the high-end segment. Looking at the decade, its art auction turnover has shown strong growth with a significant increase in the number of seven-digit results (up approximately 80% since the years 2011-2014).

Germany’s art auction turnover shrank 3% after four years of growth: $372 million for 2.5% of the global market (vs. $383 million in 2022 for 2.2% of global turnover).

Italy consolidated its 6th place on the global market (+2%) with $197 million from 44,500 lots sold (vs. $193 million in 2022 from 40,400 lots sold).

India posted the strongest turnover growth (+76%) and established itself among the Asian markets ahead of Japan ($144 million). In 2023, it generated $152 million from just 2,075 lots sold (vs. $87 million in 2022 from 1,500 lots sold).

It also hammered a new auction record for a fine artwork sold in India when Amrita Sher-Gil’s The Story Teller (1937) fetched $7.4 million at Safronart in Mumbai.

Auction houses and sales

Sotheby’s was once again the leading auction house on the planet for the sale of Fine Art and NFTs, generating $3.8 billion.

Christie’s posted a sales turnover of $3.5 billion in 2023.

Sotheby’s slightly outperformed Christie’s in New York, London, Hong Kong and Milan.

In Paris, Christie’s was the stronger auctioneer.

Sotheby’s (with 26%) and Christie’s (with 24%) accounted for half of the global art auction turnover (vs. 24% and 35% respectively in 2022).

The most lucrative collection sold in 2023 was that belonging to Emily Fischer Landau, which totaled $406 million on November 8, 2023 at Sotheby’s New York (far behind the Paul G. Allen sale in 2022 which totaled $1.6 billion at Christie’s).

Phillips remained the world’s third largest art auction vendor with a total of $573 million and it hosted a very first sale in Paris.

China Guardian was the leading Chinese auction house with a total of $539 million, ahead of Poly Auction ($517 million).

Bonhams’ total ($219 million) was added to by their acquisition of Cornette de Saint Cyr ($38 million), Bukowskis ($31 million), Bruun Rasmussen ($27 million) and Skinner ($8 million).

Artcurial (with $78 million vs. $92 million in 2022) was the leading French fine art auction operator.

Artworks and Artists – by creative period

Old Masters (artists born before 1759)

Old Master sales represent 11% of the lots sold and 9% of global art auction turnover (vs. 11% of lots sold and 7% of turnover in 2022).

A 14th-century drawing by the great Chinese master, Wang Meng, exceeded $40 million on November 30, 2023 in Beijing, at China Guardian.

In New York, two paintings by Rubens sold for $26 million and $25 million at Sotheby’s (in January and then in May).

19th Century (artists born between 1760 and 1859)

19th Century art accounted for 9% of the total lots sold and 8% of total auction turnover (vs. 10% of lots sold and 14% of turnover in 2022).

The painting Les Flamants (1910) set a new personal auction record for Douanier Rousseau, at $43.5 million at Christie’s New York.

Modern Art (artists born between 1860 and 1919)

Modern Art remained, more than ever, the leading segment of the art market, accounting for 36% of the lots sold in 2023 and 40% of global art auction turnover (vs. 36% of lots sold and 38% of turnover in 2022).

Pablo Picasso was the top-selling artist of the year at auction, generating $596 million (3rd in 2022 with $494 million).

Picasso’s Woman with a watch (1932) became the 10th most expensive artwork in auction history (at $139,363,500 on November 8, 2023 at Sotheby’s New York) and his second best-ever result after The Les Femmes d’Alger (Version O) (1955) which fetched $179 million in 2015.

Gustav Klimt’s Lady with a Fan (1917/19) fetched the highest-ever art auction result in the UK at $108 million.

Zhang Daqian was once again among the top most successful artists in the world at auction in 2023 with a turnover of $230 million.

Post-War Art (artists born between 1920 and 1944)

Post-War Art accounted for 26% of the lots sold and 25% of global art auction turnover (vs. 26% of lots sold and 26% of turnover in 2022).

Gerhard Richter was the top-selling living artist in 2023 at auction with 303 lots sold for $214 million.

In the absence of exceptional paintings, Andy Warhol dropped to 5th place among the world’s top-selling artists with $198 million in 2023 (versus 1st place in 2022 with $590 million).

Yayoi Kusama climbed to 8th place among the world’s top-selling artists with $189 million. She was the only female artist in the Top 10.

Joan Mitchell fetched a new personal auction record at $29 million for her Untitled (c.1959) at Christie’s in New York on November 9, 2023.

Contemporary Art (artists born after 1945)

Contemporary Art accounted for 18% of lots sold and 17% of global art auction turnover (vs. 18% of lots sold and 16% of turnover in 2022).

Jean-Michel Basquiat rose to 2nd place in Artprice’s ranking with $238 million (vs. 7th in 2022 with $221 million).

Nicole Eisenman’s (b. 1965) work Support Systems for Women, No. 1 (1998) purchased for $10,800 in 2006 at Phillips in New York, was resold for $400,000 by Sotheby’s in London.

NFT auctions

Public auctions of NFTs generated a total of $22.7 million with 350 lots sold and 53 unsold (vs. $13.8 million, with 384 lots sold and 171 unsold in 2022).

Dmitri Cherniak (1988) was the world’s top-selling NFT artist at auction in 2023 with 14 works sold for $7.9 million.

His Ringers #879 (The Goose) (2021) fetched $6.2 million at Sotheby’s in New York on June 15, 2023.

The “Grails: Property from an Iconic Digital Art Collection Part II” session hosted by Sotheby’s on June 15, 2023 totaled $10.9 million.

Artificial Intelligence, Generative Art, the recovery of Bitcoin and Ethereum cryptocurrencies are all favorable factors for the NFT market in 2024.

Demand for works by women artists saw further spectacular growth

The greatest female artists of the 20th-century are being given the place they deserve on the art market. This trend is due to a deliberate policy among key market players to revalue their works both historically and monetarily. This has involved the inclusion of a growing number of their works in sales catalogs which has naturally contributed to a gain in their market visibility. The progression has been rapid with the number of transactions concerning female artists doubling in five years and tripling in ten years. This year, the number of works by women artists sold at auction reached a historic peak, and it’s a dynamic that is far from over.

In conclusion, somewhat counter-intuitively, given the very difficult geopolitical and economic context, the art market is displaying resilient health, with regular records hammered for works from all the creative periods and regions of the world during recent sales. We have not noted any cancellation of classic and/or prestigious cataloged sales for 2023 and 2024 to date, which are the main indicators of the health of the art market.

The major auction houses and investors know very well that the art market is a safe haven, an investment, as shown by the Artprice100© index, which clearly outperforms traditional stock market indices. The current period of uncertainty on the stock markets is nevertheless bringing new funds and investments into the art market.

Artprice had already noted that despite major crises, such as those relating to the Nasdaq crash in 2000, the terrorist attacks of September 11, 2001, the war against the Taliban that began in 2001, the Iraq war that began in 2003, the subprime and CDS crises in and after 2007, the effective ‘negative’ interest rates that began (in the West) in 2011, the Covid crisis that began in 2019… the art market has been relatively less affected than the financial markets and the overall economy.

The dematerialization of the art market on the Internet is now the dominant trend on all 5 continents, and is in the process of relegating physical auction rooms to 20^th century. It is undeniable that the 20th century art market was a primarily Western phenomenon and that from now on, the Asia Pacific region is playing on an equal footing with the West.

With its 27 years of art market expertise, Artprice by Artmarket has noted that the average age of its 7.2 million customers and members has decreased from 63 in 1997 to 41 in 2023.

It is clear that the art market, one of the oldest markets in the world, is now moving rapidly and irrevocably towards the digital era (thereby closing its particularly pronounced digital backwardness of a few years ago) and a whole new generation (that of 30-45 years old) on a global scale. This generation is now on permanent watch via mobile Internet.

With its Intranet connection to its 7,200 partner Auction Houses, Artprice by Artmarket can see this paradigm shift every day: from the scheduled closure of physical auction rooms and the permanent migration to Internet activities.

The 28th Annual Report Artprice by Artmarket “The Art Market in 2023”, is available free of charge, in full and in three languages, online as well as in PDF format:

French:
https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2023
https://fr.artprice.com/artprice-reports/pdf/rama/le-marche-de-lart-en-2023.pdf

English:
https://www.artprice.com/artprice-reports/the-art-market-in-2023
https://www.artprice.com/artprice-reports/pdf/rama/the-art-market-in-2023.pdf

Mandarin:
https://zh.artprice.com/artprice-reports/zh-the-art-market-in-2023
https://zh.artprice.com/artprice-reports/pdf/rama/zh-the-art-market-in-2023.pdf

Images:

Copyright 1987-2024 thierry Ehrmann www.artprice.com – www.artmarket.com

About Artmarket:

Artmarket.com is listed on Eurolist by Euronext Paris, and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Discover Artmarket and its Artprice department on video: www.artprice.com/video

Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.

See certified biography in Who’s who ©:

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The global art market witnessed a historical shift in 2023, with Zhang Daqian, a 20th-century Chinese painter, eclipsing Pablo Picasso to become the second highest-selling artist worldwide. This paradigm shift underscores the growing influence of Asian artists, particularly those from earlier centuries, in the international art arena.

Surge in Sales and Global Recognition

Zhang Daqian’s ascension in the global rankings is notable, with his total sales value soaring to $248 million, a significant increase from the previous year. This surge propelled him past contemporary Japanese artists and even the legendary Picasso in terms of sales. Zhang’s unique splashed-ink technique and his vast oeuvre, frequently traded in the secondary market, have contributed to his enduring popularity and high auction results.

Impact on the Asian Art Market

The prominence of Zhang and other historical Chinese artists reflects a broader trend in the Asian art market, which is increasingly centered around high-value sales of works by late 19th and early 20th-century artists. This shift is partly attributed to the robust trading activity in local and regional sales across mainland China and parts of Asia, where these artists have long been celebrated. The remarkable sale of Zhang’s Pink Lotuses on Gold Screen for over $32 million at a Sotheby’s Hong Kong auction exemplifies the high demand and appreciation for his work.

Looking Forward: The Future of Asian Art

While Zhang Daqian’s remarkable achievement highlights the strength and appeal of historical Asian art, it also signals a potential shift in the global art market’s dynamics. The increasing recognition and valuation of Asian artists, both past and present, suggest a diversifying market that is becoming more inclusive of different artistic traditions and histories. As the art world continues to evolve, the impact of Asian artists is expected to grow, reshaping perceptions and the market landscape.

Artnet Intelligence Report’s Year Ahead 2024, in collaboration with Morgan Stanley, presents a comprehensive analysis of the global art market, revealing significant regional differences and genre preferences among artists born across the globe. Through a deep dive into auction sales data, the report uncovers how artists from North America, Europe, Asia Pacific, Africa, Latin America, and the Caribbean, and the Middle East have navigated the auction market over the past decade.

Regional Market Dynamics

North American and European artists dominate the auction scene, contributing to 65 percent of the global fine art auction market in 2023. While North American artists saw a 47 percent increase in lots offered over the decade, European artists experienced a 7 percent decrease. The analysis highlights the steadfast market for Postwar and Contemporary genre among North American artists, with giants like Andy Warhol and Jean-Michel Basquiat leading sales. In contrast, European artists excel in the Impressionist and Modern category, with Picasso and Monet as top sellers.

Emerging and Declining Markets

The report notes a concerning decline in the market for Asia Pacific born artists, with a notable dip beginning in 2014. Despite this, the Impressionist and Modern genre remains strong within this region. Conversely, African born artists have seen a volatile yet growing market, particularly in the Ultra Contemporary sector, fueled by online sales and social movements like Black Lives Matter. Latin American and Caribbean markets have remained stable, with attempts to integrate their works into global sales showing mixed results.

Looking Ahead: 2024 and Beyond

The global art market’s future appears multifaceted, with ongoing globalization contrasting with regional market fluctuations. The report concludes by spotlighting key museum openings, biennials, and exhibitions across the regions, suggesting a vibrant year for the art world in 2024. As collectors and galleries continue to navigate this complex landscape, the evolving preferences and market dynamics will undoubtedly shape the art world’s trajectory in the years to come.

This article is part of the Artnet Intelligence Report Year Ahead 2024. Through in-depth analysis of last year’s market performance, the new edition paints a data-driven picture of the art world today, from the latest auction results to the artists and artworks leading the conversation.

The art market’s globalization has accelerated over the past three decades in line with broader economic and cultural trends. In the early 2000s, auction houses and art dealers worked to cultivate clients beyond Europe and North America, targeting the so-called BRIC countries (Brazil, Russia, India, and China) through specialized sales and events.¹ Today, the art market is thoroughly global, with participants flying from country to country for art fair openings and placing bids at auction from halfway around the world. Artists and collectors also frequently work with galleries in multiple countries. But key regional distinctions remain.

In order to explore how artists from different regions have performed at auction over time, and how their markets have developed in unique ways, in Part One, Morgan Stanley, in collaboration with Artnet, will examine auction sales and the volume of lots sold over the past decade by artists from North America, Europe, the Asia-Pacific, Africa, Latin America and the Caribbean, and the Middle East. Artnet Analytics sources nationality information from artists’ CVs and auction house records. Artists with dual nationalities in different regions are reflected in two data sets. For a more nuanced look at the performance of artists from each region, we will break down total sales by category.² “Old Masters” covers artists born from 1250 to 1820; “Impressionist and Modern” covers artists born between 1821 and 1910; “Postwar and Contemporary” covers artists born between 1911 to 1974; and “Ultra-Contemporary” covers artists born after 1974.

Art markets do not develop in a vacuum; they require vibrant institutions, exhibitions, and other stakeholders in order to grow. In Part Two, we will explore the key developments in each aforementioned region for the rest of 2024. We will highlight important museum openings and expansions; biennials and major exhibitions; and critical art market developments to offer a global look ahead, broken down by region.

Part One: The Data

As we break down the data on fine art sales by region and genre, several themes emerge. The market for North American-born and European-born artists’ work is the largest and steadiest. The market for work by African- born artists has grown appreciably—albeit in fits and starts—over the past decade. Meanwhile, the market for work by Asia-Pacific-born artists has markedly declined over the same period. For context, a chart of global fine art auction sales—including, but not limited to, all regions discussed herein—is below.

Source: Artnet Price Database and Artnet Analytics.

Source: Artnet Price Database and Artnet Analytics.

North America and Europe

Work by artists born in these two regions commands by far the largest share of global fine art sales. The just over $3 billion and nearly $6 billion in sales in 2023 for North American- and European-born artists, respectively, formed 65 percent of the $13.9 billion global fine art auction market in 2023. This share has remained relatively consistent over the past decade.

Source: Artnet Price Database and Artnet Analytics.

Source: Artnet Price Database and Artnet Analytics.

Of the two groups, European-born artists consistently have the larger market share by both value and volume. In 2023, the number of lots sold by North American-born artists (76,065) was less than half the number of lots sold by European-born artists (165,220). The regions, however, are on diverging trajectories. Over the past decade, the number of lots by North American-born artists offered annually has grown by 47 percent, while the number by European-born artists has decreased by 7 percent.

Source: Artnet Price Database and Artnet Analytics.

Source: Artnet Price Database and Artnet Analytics.

For North American-born artists, the most successful genre at auction is consistently Postwar and Contemporary, a trend that appears to be due to American-born artists having gained a foothold in the art market relative to their European-born peers during this era. The Postwar and Contemporary category includes Andy Warhol, Jean-Michel Basquiat, Mark Rothko, Cy Twombly, and Roy Lichtenstein, who account for the five top-performing North American-born artists by total sales. Excluding outlier years—2016 (when the global auction market contracted by 22 percent) and 2020 (during the pandemic shutdowns)—the sales totals for Postwar and Contemporary for North American-born artists landed between $1.2 billion and $1.9 billion each year.

The largest segment by far for European-born artists by genre is Impressionist and Modern. For four of the years in the past decade, the genre saw a total of more than $4 billion in sales of work by European-born artists. Twice, in 2015 and 2022, that sum came in just under $5 billion.

Those peak years can be tied to two key market moments: In 2015, Christie’s reported an upswing in sales driven by a strong market for Impressionist and Modern art, which it attributed to an increasingly global buyer base and a rise in online transactions.³ That surge, in turn, is believed to have been built on interest in the genre the previous year, when Asian buyers entered the global art market in force and began to snap up high-value Impressionist and Modern works by European-born artists.⁴ In 2022, the sale of the $1.6 billion Paul Allen collection included high-priced works by Van Gogh, Cézanne, Seurat, and others from Europe.⁵

The best-selling European-born artist is by far Pablo Picasso, with $5.4 billion worth of sales at auction in the past decade. That’s almost double the size of the market for the artist in second place, Claude Monet.

Asia-Pacific

The total sales of work by Asia-Pacific-born artists have been dropping steadily over the past 10 years, save for a small bump in sales in 2017 and a significant one in 2021 (consistent with the rise in the global art market that year). Overall, between 2013 and 2023, total sales of Asia-Pacific-born artists fell $1.5 billion, and the number of lots offered dipped by about 23 percent.

Source: Artnet Price Database and Artnet Analytics.

Source: Artnet Price Database and Artnet Analytics.

Last year, $3.7 billion worth of work by artists from the region traded hands, up from $3 billion in 2022. But the overall trend remains downward, representing a notable deviation from the decade prior, when interest in Chinese Contemporary artists flourished.⁶

Total sales and the number of lots offered by Asia-Pacific-born artists declined especially sharply between 2014 and 2015—a period when Asian collectors came into their own as formidable buyers of blue-chip Western art.

For a region with a strong collector base whose artists began the decade as peers of Europe’s in terms of sales, the trend is striking. The pandemic and Chinese economic turmoil doesn’t help explain the dip, since the decline begins in 2014—the year China surpassed the U.S. to become the world’s largest economy as measured by purchase power parity.⁷

It appears, then, that art market globalization—including an expanded palette of sales in Hong Kong by the Big Three auction houses (Sotheby’s, Christie’s, and Phillips) and Western collaborations with mainland Chinese auction houses⁸—correlates negatively with the market for homegrown Asian artists, perhaps because more Western art is being proffered to Asian buyers.

Work by Asia-Pacific-born artists in the Impressionist and Modern category has generated more money at auction than that in any other genre; its annual sales topped $2 billion thrice in the past decade.⁹ Those peaks were surpassed only by sales of work by European-born artists in the Impressionist and Modern category. Two Chinese painters born in the late 19th century and of note in this market are Zhang Daqian and Qi Baishi.

Africa

Sales of work by African-born artists are relatively small in dollar value and experience more volatility than those of any other region. Total sales of work by African-born artists were, for example, about 2.3 percent of North American-born artists’ total sales in 2023. The region’s best year, 2021, saw $101.3 million worth of work by African-born artists sold. Between 2013 and 2023, total sales increased by 46 percent.

Source: Artnet Price Database and Artnet Analytics.

The spike in sales is underpinned by a surge in the Ultra-Contemporary category for African-born artists that began in 2021, with myriad forces propelling the segment’s explosive growth.¹⁰ First, buyers stuck at home due to pandemic restrictions were transacting online more frequently,and auction houses made it easier to do so.¹¹ Ultra-Contemporary works in particular sold quickly, likely due to a combination of price point and appeal to a younger collector audience that was more comfortable buying art online. The number of Ultra-Contemporary lots sold globally more than doubled between 2019 and 2022.¹²

Source: Artnet Price Database and Artnet Analytics.

Collectors were also trying to diversify their holdings in light of broader social movements such as Black Lives Matter. (The shift followed years of work by curators like Okwui Enwezor, who sought to broaden the Western canon of art history to include artists from Africa and the Global South through exhibitions he curated, such as the 2015 Venice Biennale.¹³) Meanwhile, figuration, a style popular among Ultra-Contemporary African-born artists, also became especially favored among collectors.¹⁴

This segment of the market has seen dramatic swings in recent years. In 2021, sales of Ultra-Contemporary works by African-born artists jumped to $40.6 million from $16.2 million year over year. However, as some of the speculative furor began to fade, the total plummeted in 2023, falling to $17.9 million from $52.1 million the year prior. (The total sales of work by African-born artists were boosted in 2023 by the record $10.7 million price achieved by Julie Mehretu’s Walkers With the Dawn and Morning (2008). However, because the artist was born in 1970, we categorize her work as Contemporary, not Ultra-Contemporary.¹⁵)

By comparison, Latin American-born artists saw no such surge in Ultra- Contemporary sales, and Middle Eastern-born artists observed a less significant rise in Ultra-Contemporary but no drop-off (see below). Africa is also the only region where Ultra-Contemporary—usually the smallest genre by sales total—ever surpassed all other genres during the decade under review. The African-born Ultra-Contemporary artists undergirding the surge include Amoako Boafo and Njideka Akunyili Crosby, while the sales volume for African-born artists overall is buoyed by the work of Marlene Dumas, Irma Stern, El Anatsui, and William Kentridge.

Latin America and the Caribbean

Both the total sales of work by Latin American- and Caribbean-born artists and the number of lots sold have remained essentially even over the past decade, save for the exceptional year of 2015, when sales volume for the region shot up to $388 million. The other years, excluding 2020, all landed in the $200 million-to-$280 million range.

Source: Artnet Price Database and Artnet Analytics.

Source: Artnet Price Database and Artnet Analytics.

The outlier year of 2015 is partially explained by the stellar market for the Argentine-Italian painter Lucio Fontana at the time.¹⁶ Two of his priciest sales ever—including his artist record of $29 million for Concetto spaziale, La fine di Dio (1964)—sold at auction that year.

Notably, Sotheby’s announced plans to fold its specialized Latin American sales into its global fine art sales in 2017 in an effort to stimulate the market and see if placing the work of Latin American- and Caribbean-born artists alongside European-born artists would have a positive impact on the former.¹⁷ But while the average price of work by Latin American- and Caribbean-born artists at auction climbed above $50,000 in 2017 and 2018, it failed to do so again in the following years. (That held true even in 2021,when the Latin American art market was still rebounding from the pandemic shutdowns. Despite the fact that a painting by Frida Kahlo sold for a record $34.9 million, the average price for a work by a Latin American- and Caribbean-born artist was $42,313.)

The biggest chunk of the market for work by Latin American- and Caribbean- born artists by genre is Impressionist and Modern; it is also the most volatile. In 2015, the genre accounted for $273.3 million in sales. In 2016, its worst year excluding 2020, the genre generated a mere $108 million. The artists propelling the genre include Lucio Fontana as well as Fernando Botero, Rufino Tamayo, Wifredo Lam, and Frida Kahlo.

Middle East

Sales of work by Middle East-born artists were relatively steady over the period, while the number of lots sold crept up. Excluding 2020, total annual sales ranged from $67 million to $101 million, with the latter achieved in 2013, making it the smallest region we examined by sales value after Africa.

However, while the global art market surged in 2017 and 2018, Middle East-born artists saw no such bump. Sales of work by artists born in other regions all ticked higher in those years.

The Postwar and Contemporary and Impressionist and Modern genres commanded the bulk of the market, with Postwar and Contemporary enjoying a hefty lead over its elder in all years during the sample period except for 2019, when the gap narrowed. In 2023, sales in the Ultra-Contemporary genre outperformed the low estimate by 79 percent, the largest delta between expectations and performance in the region that year.¹⁸

Source: Artnet Price Database and Artnet Analytics.

Source: Artnet Price Database and Artnet Analytics.

The previous decade saw another “boom” in demand for Postwar and Contemporary art by Middle East-born artists driven by social upheaval, as the market for Arab art burgeoned before cresting in 2011 during the Arab Spring.¹⁹ Recently, the volume of Ultra-Contemporary works by Middle East-born artists has begun to ascend. The quite modest but growing segment accounted for $8.2 million in sales in 2021 and rose to $10.2 million by 2023. Notably, Middle East-born artists were the only regional group that saw Ultra-Contemporary sales increase in 2023. This upward trajectory may be due in part to the introduction of the Iraqi-born artist Mohammed Sami to the auction market; his work generated $3.1 million in 2023.²⁰

Part Two: A Global Look Ahead

Hardly a day passes without an announcement of a new museum, cultural district, biennial, or auction sale. Below, we examine what we believe to be the most consequential developments coming up in 2024, from regionally focused art fairs to major museum openings. We focused our survey on the same regions for which we examined performance of artists at auction. What results is a global look ahead, broken down by region and category.

North America

Museum Openings and Expansions

• New York: The Grey Art Gallery, New York University’s art museum, will move out of its longtime home and reopen in a purpose-designed, expanded space at 18 Cooper Square on March 2.²¹
• Alabama: The Freedom Monument Sculpture Park will open on the 17- acre campus of the Legacy Museum and the National Memorial for Peace and Justice in Montgomery, Alabama, in March. The project involves major works and new commissions by artists including Wangechi Mutu, Kehinde Wiley, and Vinnie Bagwell alongside historical artifacts like original dwellings collected from Alabama plantations.²²
• Pennsylvania: Penn State will open its new Palmer Museum of Art building on June 1. The 73,000-square-foot facility in University Park, Pennsylvania, includes 20 galleries, education and event spaces, and outdoor terraces.²³
• New York: The Frick Collection, the jewel-box New York museum that houses the collection of Henry Clay Frick, will return to its historic home on Fifth Avenue after almost two years and $290 million worth of renovations in late 2024. The Breuer building, which the Frick occupied during construction, will become the new headquarters of Sotheby’s auction house in 2025.²⁴

Key Biennials and Exhibitions

• Harlem Renaissance: One of the most anticipated exhibitions of the winter season is “The Harlem Renaissance and Transatlantic Modernism” at the Metropolitan Museum of Art in New York (February 25–July 28). It marks the city’s first major survey of the Harlem Renaissance since 1987, according to the museum.²⁵
• Female Artists in the Spotlight: A critical mass of shows seeks to reexamine the legacies of important female artists. These include “Janet Sobel: All-Over” (February 23–August 11) at the Menil Collection in Houston; “Christina Ramberg: A Retrospective” (April 20–August 11) at the Art Institute of Chicago; “Käthe Kollwitz” at the Museum of Modern Art in New York (March 31–July 20); and “Mary Cassatt at Work” at the Philadelphia Museum of Art (May 18–September 8).²⁶
• PST in LA: In September, the greater Los Angeles area will host PST ART, the sprawling Getty-sponsored bonanza of themed exhibitions. This year’s organizing principle is art and science, with related shows at more than 60 institutions.²⁷

Art Market Developments

• Art Fairs: All eyes are likely to be on Expo Chicago and the Armory Show. The two fairs were acquired by the London-based art fair conglomerate Frieze in 2023, and experts have wondered how the new ownership will affect the Midwestern fair (April 11–14) and the New York event (September 5–8), especially considering that Frieze operates its own branded fair in the city (Frieze New York, May 1–5).²⁸ There has been speculation as to whether Frieze might merge the two New York fairs, or adjust the dates so the Armory Show does not clash with Frieze Seoul. But at the time of the sale last fall, Frieze maintained that both the Armory Show and Expo Chicago would retain their management structures and staff.²⁹
• Art Fairs: Atlanta, Georgia, an emerging art hub, will hold its first international art fair this fall at the entertainment venue Pullman Yards (October 3–6).³⁰
• Galleries: Tribeca continues to attract high-profile galleries, emerging as a commercial hub to rival Chelsea. Among the galleries opening storefronts in the neighborhood in 2024 are Jack Shainman, Marian Goodman, and Blum.³¹
• Auctions: Chicago’s Hindman auction house announced plans to merge with Freeman’s, the Philadelphia-based firm, becoming the largest mid-tier auction house focusing on American art. The newly named Freeman’s | Hindman opened a New York office in January.³²

Europe

Museum Openings and Expansions

• Scotland: The Perth Museum, converted by Dutch architects Mecanoo, will open inside the Scottish city’s former city hall in March.³³
• Norway: Kunstsilo, a former grain silo in Kristiansand, a small city in the south of Norway, will open as an art museum on May 11. The $66 million, 35,000-square-foot facility will show Nordic art from the collections of the local government and hedge fund manager Nicolai Tangen.³⁴
• France: Former commodities trader Christian Levett closed his antiquities museum in the south of France, the Mougins Museum of Classical Art, in 2023 and plans to reopen it in June under a new name, Femmes Artistes du Musée de Mougins, with a new focus—art by women.³⁵
• Germany: The manufacturing magnate Reinhard Ernst will open a museum dedicated to his collection of abstract paintings and sculptures in Wiesbaden, Germany, at an unspecified date this year.³⁶

Key Biennials and Exhibitions

• Caspar David Friedrich: Germany is celebrating the painter’s 250th birthday with exhibitions in three different cities: “Caspar David Friedrich: Art for a New Era” at the Kunsthalle Hamburg (through April 1); “Caspar David Friedrich: Infinite Landscapes” at the Alte Nationalgalerie, Berlin, (April 19–August 4), and “Caspar David Friedrich: Where It All Started” at the Albertinum and Kupferstich-Kabinett, Dresden, August 24–January 5, 2025).³⁷
• Michelangelo: London is getting a Michelangelo doubleheader. The British Museum is presenting “Michelangelo: the Last Decades,” which focuses on the artist’s final 30 years (May 2–July 28), while the Royal Academy of Arts is mounting “Michelangelo, Leonardo, Raphael,” which explores the Renaissance artists’ influence on one another (November 9–February 16, 2025).³⁸
• The Venice Biennale: The world’s attention will be on Italy for the Venice Biennale as well as its many high-profile collateral exhibitions and events (April 20–November 24). The Golden Lions for Lifetime Achievement will be awarded to Italian-born Brazilian artist Anna Maria Maiolino and the Paris- based Turkish artist Nil Yalter.³⁹
• Other Key Biennials: Other notable biennials on the European schedule include Manifesta 15, the roving art show that will touch down in Barcelona, Spain (September 8–November 24), and Malta’s first ever biennial (March 11–end of May).⁴⁰

Art Market Developments

• Art Fairs: Paris+, Art Basel’s newest fair, will make its much-anticipated move to the Grand Palais for its third edition after the monumental glass structure reopens following a four-year renovation. The new space will offer exhibitors larger booths and accommodate 25 percent more galleries (October 18–20).⁴¹
• Galleries: American galleries are continuing to open in Paris. Those on deck for this year include the design specialist Friedman Benda and the Contemporary art space Brigitte Mulholland.⁴²
• Auctions: Artcurial, the French auction house, is planning to develop and expand in Switzerland over the next two years following its 2023 acquisition of the Swiss auctioneer Beurret Bailly Widmer Auktionen, which is now Artcurial Beurret Bailly Widmer.⁴³
• VAT Rates: Art dealers in the European Union are petitioning to lower the value-added tax (VAT) rates for art. Before a new E.U.-wide VAT directive goes into effect at the end of 2024, national governments have the opportunity to reconsider the VAT on art. The change is likely to have the largest impact on art dealers in Germany, where the VAT is currently highest, and France, where the closure of a loophole under the new E.U.-wide system may raise the VAT on art substantially.⁴⁴

Asia-Pacific

Museum Openings and Expansions

• Japan: TeamLab, the wildly popular Japanese collective specializing in immersive digital art, opened a new permanent space in Azabudai, Tokyo, on February 9.⁴⁵
• Bali: The five-star resort Ayana Bali is launching its own cultural center in the coastal town of Jimbaran. The institution, which is scheduled to open in early 2024 by appointment, is dedicated to Balinese history and culture.⁴⁶
• Uzbekistan: As part of a broader push to fashion itself as an art destination, Uzbekistan is restoring the Center for Contemporary Art in Tashkent. The institution, housed in a former diesel station, will reopen sometime this year after a redesign by the firm Studio KO.⁴⁷

Key Biennials and Exhibitions

• The Biennale of Sydney: The Australian biennial returns for its 50th •birthday edition, led by Cosmin Costinaș and Inti Guerrero (March 9–June 10). “Ten Thousand Suns” will be on view at venues across the city, from the newly reopened Art Gallery of New South Wales to the recently restored White Bay Power Station.⁴⁸
• Other Key Biennials: Other important biennials in the Asia-Pacific region include the 8th Yokohama Triennale in Japan (March 15–June 9) and the 15th Gwangju Biennale in South Korea (September 7–December 1).
• M. Pei: The first major retrospective of the celebrated late architect I.M. Pei will open at the M+ Museum in Hong Kong on June 29. The exhibition will present a variety of archival documentation, photographs, and models to the public for the first time.⁴⁹
• Versailles in Beijing: In a high-profile collaboration delayed by the pandemic, the French and Chinese governments are teaming up to bring an exhibition on the relationship between their two nations in the 18th century to the Forbidden City’s Palace Museum (April 1–June 30). The show is an expanded version of one held at the Palace of Versailles in 2014 to mark the 50th anniversary of diplomatic relations between the two countries.⁵⁰

Art Market Developments

• Art Fairs: The African art fair 1-54 will make its Asia debut with a selling exhibition at Christie’s scheduled to run alongside Art Basel Hong Kong from March 26 through 30.⁵¹
• Galleries: Betting on the growing Japanese art market, Pace is scheduled to open a new gallery in the Azabudai Hills development in central Tokyo in spring 2024.⁵²
• Auctions: Christie’s and Sotheby’s are putting down roots in Hong Kong. After almost two decades of holding sales twice a year in rented spaces, Christie’s and Sotheby’s are opening permanent headquarters in the city, with plans to conduct auctions year-round, as they do in London and New York.⁵³
• Tariffs: Trade of art and antiques between the United States and China has reportedly been dampened by tariffs in both directions. The U.S. implemented tariffs on Chinese art, among other goods from the country, in 2018; China enacted reciprocal tariffs the following year.⁵⁴

Africa

Museum Openings and Expansions

• Nigeria: The Edo Museum of West African Art in Benin City, Nigeria, is due to open in stages beginning this year. The exact dates have not been announced. Designed by the British architect David Adjaye, the space will house West African art and art from the diaspora.⁵⁵

Key Biennials and Exhibitions

• The Lagos Biennial: The Lagos Biennial was held at the historic Tafawa Balewa Square, the site of Nigeria’s independence celebration, from February 3 through 10.⁵⁶
• Africa in Venice: Three African countries—Ethiopia, Tanzania, and Benin— will present pavilions at the Venice Biennale for the first time this spring. Ethiopia will show paintings by Tesfaye Urgessa. Tanzania will present a group exhibition of work by Happy Robert, Naby, Haji Chilonga, and Lute Mwakisopile. Benin will feature Ishola Akpo, Moufouli Bello, Romuald Hazoumè, and Chloé Quenum.⁵⁷
• Artist-Led Spaces: Dynamic programming continues at exhibition spaces and residencies established in recent years by African artists across the continent, including, among many others, the Savannah Centre for Contemporary Art (SCCA) in Tamale, Ghana, founded by Ibrahim Mahama; Guest Artists Space Foundation (G.A.S.) in Lagos, Nigeria, founded by Yinka Shonibare; Black Rock Senegal in Dakar, Senegal, founded by Kehinde Wiley; and dot.ateliers in Accra, Ghana, founded by Amoako Boafo.⁵⁸
• Black Figuration: This spring, Black figuration is back in the spotlight. The exhibition “When We See Us: A Century of Black Figuration in Painting,” which examines the style over the past 100 years with a focus on African artists and artists of the African diaspora, travels to the Kunstmuseum Basel from Zeitz MOCAA in Cape Town (May 25–October 27).⁵⁹

Art Market Developments

• Art Fairs: Also Known As Africa (AKAA), an art fair specializing in African art and design, will hold its first event in the United States, at the Beehive in Los Angeles (May 2–May 12).⁶⁰
• Auctions: Work by the 28 finalists for the Norval Sovereign African Art Prize, which benefits Contemporary artists working in Africa and the African diaspora, will be on view at the Norval Foundation in Cape Town, South Africa, through May 15. The majority of the works from the show were auctioned off at Sotheby’s in February to raise funds for the artists and the Norval Foundation’s learning center.⁶¹
• Outlook: The world’s most rapidly growing population of millionaires is in Africa, where the number is estimated to double to 768,000 by 2027.⁶²

Latin America and the Caribbean

Museum Openings and Expansions

• Brazil: In late 2024, Brazil’s most prominent museum—the Museu de Arte de São Paulo Assis Chateaubriand (MASP)—will open an expansion that will increase its size by 66 percent. A new tower will be connected to the original Lina Bo Bardi-designed building via an underground tunnel.⁶³ The exact opening date has not been confirmed.
• Brazil: Inhotim Institute, the sprawling center for art, architecture, and nature in Brumadinho, Minas Gerais, will open its first on-site hotel in September. The 45-bungalow development will be supplemented by a separate 150-room hotel in 2029.⁶⁴

Key Biennials and Exhibitions

• Latin America in Venice: The influence of Latin American art will extend far beyond the region’s borders in 2024, as the Venice Biennale hosts its first Latin American artistic director. On April 20, Adriano Pedrosa, the director of MASP, will open “Foreigners Everywhere,” his central exhibition, which will focus on queer, outsider, Indigenous, and folk artists.⁶⁵
• Mercosur Biennial: The 14th edition of the Mercosur Biennial will open in Porto Alegre, Brazil (September 13–November 17). The exhibition, which will spread across several institutions in the city, is organized by Raphael Fonseca, the curator of Modern and Contemporary Latin American art at the Denver Art Museum.⁶⁶
• Latin American Design: The Museum of Modern Art in New York will present its first major exhibition on Latin American design. “Crafting Modernity: Design in Latin America, 1940–1980” (March 8–September 22) will examine Modern domestic design from six countries in the Postwar period.⁶⁷
• Conference: The German Center for Art History, the Max Planck Institute for Art History in Rome, and the Museo de Arte de Lima will organize the 5^th Transregional Academy on Art and Culture in Latin America, a gathering of scholars coming together to discuss the latest in Latin American art history, at the Lima art museum (May 4–May 12).

Art Market Developments

• Art Fairs: April is a big month for Latin American art fairs in 2024: SP-Arte will return to São Paulo’s Oscar Niemeyer-designed Bienal Pavilion (April 3–7), and Pinta PArC will operate in Lima’s Casa Prado (April 17–21).⁶⁸
• Art Fairs: A new art fair dedicated to Latin American art is popping up in Paris this fall. MIRA will feature around 20 exhibitors at the Maison de l’Amérique Latine (September 18–22).⁶⁹
• Galleries: Following the news of Mariane Ibrahim’s opening in Mexico City last year, another international dealer, König Galerie, with headquarters in Germany, opened an outpost in the city in February.⁷⁰
• Auctions: Christie’s and Sotheby’s take different approaches to the sale of Latin American art. Sotheby’s announced plans to dissolve standalone sales for the category in 2017, while Christie’s retains specialized live and online sales of Latin American art, scheduled to be held in March in New York.⁷¹

Middle East

Museum Openings and Expansions

• United Arab Emirates: The first Hindu temple in Abu Dhabi, the capital of the United Arab Emirates, opened in February. Construction cost an estimated $84 million.⁷²
• United Arab Emirates: Dubai will host the 2024 World Cities Culture Summit, the first time the annual gathering of members of the World Cities Culture Forum will be held in the Middle East (October 30–November 1). The event is dedicated to sharing best practices in cultural policy.⁷³
• Egypt: After multiple years of delays, the Grand Egyptian Museum, which overlooks the pyramids of Giza, is scheduled to open in May. The $1 billion institution is home to more than 100,000 objects, including treasures from Tutankhamun’s tomb.⁷⁴

Key Biennials and Exhibitions

• Saudi Arabia Invests: Saudi Arabia is investing deeply in cultural events and exhibitions, including the 2nd Diriyah Contemporary Art Biennale, held in Riyadh and organized by the German curator Ute Meta Bauer (February 20–May 24).⁷⁵
• Desert X AlUla: The third edition of the outdoor sculpture biennial returns to the ancient Saudi oasis city with a wide variety of installations (February 9–March 23). The project aims to pave the way for Wadi AlFann, a 25-square-mile site that will host site-specific, permanent land art in 2026.⁷⁶
• Istanbul Biennial: The Istanbul Biennial, which was originally scheduled to take place in September 2024, was postponed until 2025. Its curator, Iwona Blazwick, stepped down amid backlash over her appointment, which went against the recommendation of the biennial’s advisory board.⁷⁷

Art Market Developments

• Art Fairs: The UAE has heartily embraced digital art, and Art Dubai will offer an expanded section dedicated to the category, including augmented reality, robotic art, and NFTs from 20 international galleries (March 1–3).⁷⁸
• Auctions: After taking a break for the pandemic, Christie’s resumed its live evening sales of Middle Eastern Modern and Contemporary art in London last fall and delivered solid results.⁷⁹ The sale is due to return this November.
• Outlook: The Middle Eastern country with the highest number of ultra- high-net-worth individuals (UHNWIs), according to a report from Knight Frank, is Saudi Arabia. The number of people in the country with a net worth of $30 million or more rose by 17 percent in 2022 and is projected to rise an additional 10.4 percent this year.⁸⁰

Conclusion

The art world and market are undeniably global. Asian buyers regularly acquire work by international and Western artists from regional auction houses, art fairs bring galleries from dozens of countries together under one roof, and artists are collected and exhibited by museums far beyond their region of origin. (Consider that the Bass Museum is presenting an exhibition of work by the Beirut-born artist Etel Adnan through March 2024, and American artists such as Amy Sherald and Jacob Lawrence are included in “When We See Us: A Century of Black Figuration in Painting,” which travels to the Kunstmuseum Basel from Zeitz MOCAA in spring 2024.) Nevertheless, clear regional trajectories and trends remain. The most heavily publicized and anticipated exhibitions in Europe, for example, are more focused on Old Master artists than in North America, where more emphasis is placed on Postwar and Contemporary art. The market for Ultra-Contemporary Middle East-born artists, though small, is the only one that grew in 2023 amid a broader contraction in the Ultra-Contemporary market. The market for the work of African-born artists, meanwhile, has been more volatile than those for artists from most other regions. Taken together, these facts can help us better understand how artists born into different regional contexts, with a range of cultural and market infrastructures, take distinct paths to the global art world.

Endnotes

1. Velthuis and S. Baia Curioni, eds: Cosmopolitan Canvases. The Globalization of Markets for Contemporary Art (Oxford, 2015).
2. Methodology: All price data is drawn from the Artnet Price Database and includes the buyer’s premium unless otherwise expressly noted. The Database includes only lots with a minimum estimate of $500 (for original paintings, sculptures, works on paper, photographs, prints and multiples, and installations with an identified artist).
3. https://www.nytimes.com/2015/07/21/business/international/impressionist-and-modern-art-lifts-christies-first-half.html
4. https://www.reuters.com/article/us-art-auction/christies-ny-has-its-best-impressionist-modern-sale-since-2010-idUSKBN0DN03F20140507/
5. https://www.cnn.com/style/article/paul-allen-collection-christies-auction-record/index.html
6. Barboza, David. “At Christie’s auction, new records for Chinese art.” The New York Times. November 29, 2006.
7. “China Set to Overtake U.S. as Biggest Economy in PPP Measure.” Bloomberg News. April 30, 2014.
8. Reyburn, Scott and Balfour, Frederik. “Sotheby’s Agrees Joint Venture for Auction House in China.” Bloomberg News. September 21, 2012.
9. This term is typically applied to Western, not Asian, art, but we are using it here for the sake of comparison and consistency.
10. https://news.artnet.com/market/Ultra-Contemporary-african-art-detective-2060089
11. https://news.artnet.com/market/intelligence-report-art-dealers-1956758
12. Artnet Price Database and Artnet Analytics
13. https://www.artnews.com/list/art-news/artists/most-important-shows-okwui-enwezor-1234588006/johannesburg-biennale-1997-okwui-enwezor/
14. https://ocula.com/magazine/features/a-century-of-black-figuration/
15. https://news.artnet.com/market/auction-records-julie-mehretu-jenny-saville-2398187
16. https://news.artnet.com/market/top-artists-at-auction-2015-434054
17. https://www.theartnewspaper.com/2018/11/15/latin-american-art-gets-a-boost-on-the-auction-block
18. Artnet Price Database and Artnet Analytics
19. https://www.artforum.com/features/trading-places-the-new-middle-east-market-187887/
20. Artnet Price Database and Artnet Analytics
21. https://greyartgallery.nyu.edu/wp-content/uploads/2023/09/Grey_announce_2023_09_15-FINAL-.pdf
22. Sheets, Hilarie. “Alabama Sculpture Park Aims to Look at Slavery Without Flinching.” The New York Times, October 11, 2023.
23. https://www.psu.edu/news/palmer-museum-art/story/palmer-museum-art-open-new-building-june-1-2024/
24. Pogrebin, Robin. “Whitney Museum Sells Breuer Building to Sotheby’s for About $100 Million.” The New York Times, June 1, 2023.
25. Small, Zachary. “The Met Announces Harlem Renaissance Exhibition for 2024.” The New York Times, August 22, 2023.
26. https://news.artnet.com/art-world/museum-shows-2024-2406702
27. https://www.getty.edu/projects/pacific-standard-time-2024/
28. https://www.theartnewspaper.com/2023/12/21/a-new-home-for-paris-and-a-bright-future-for-expo-chicago-art-fairs-in-2024
29. https://www.artnews.com/art-news/news/questions-are-swirling-around-the-armory-show-opening-after-frieze-acquisition-1234678928/
30. https://theatlantaartfair.com/
31. https://www.artnews.com/art-news/news/as-mid-size-galleries-close-and-blue-chips-open-tribeca-reaches-its-final-state-as-an-art-destination-chelsea-1234683941/
32. https://www.artnews.com/art-news/news/freemans-hindman-merger-1234692344/
33. https://www.museumsassociation.org/museums-journal/news/2023/10/perth-museum-reveals-opening-date/
34. https://www.theartnewspaper.com/2023/12/21/the-big-museum-openings-and-expansions-of-2024
35. https://www.theartnewspaper.com/2023/08/16/first-museum-dedicated-to-women-artists-to-open-in-the-south-of-france
36. https://www.theartnewspaper.com/2023/12/21/the-big-museum-openings-and-expansions-of-2024
37. https://www.theartnewspaper.com/2023/12/21/the-must-see-exhibitions-in-2024-from-two-michelangelo-shows-in-london-to-the-mets-most-expensive-painting
38. https://www.theartnewspaper.com/2023/12/21/the-must-see-exhibitions-in-2024-from-two-michelangelo-shows-in-london-to-the-mets-most-expensive-painting
39. https://www.labiennale.org/en/news/anna-maria-maiolino-and-nil-yalter-golden-lions-lifetime-achievement-biennale-arte-2024
40. https://www.theguardian.com/travel/2024/jan/02/from-arctic-art-to-the-disgusting-food-museum-europes-top-10-culture-destinations-for-2024
41. https://parisplus.artbasel.com/
42. https://www.wallpaper.com/design-interiors/friedman-benda-gallery-opening-marais-paris
43. https://www.artcurial.com/en/artcurial-switzerland
44. https://www.theartnewspaper.com/2023/07/26/dealers-lobby-states-to-slash-vat-rates-on-eu-art-sales
45. https://www.teamlab.art/e/borderless-azabudai/
46. https://www.nowbali.co.id/ayana-unveils-saka-museum-a-bali-focused-cultural-centre/
47. https://www.theartnewspaper.com/2023/10/20/uzbekistan-culture-push-contemporary-art-museum-tashkent
48. https://www.timeout.com/sydney/news/the-biennale-of-sydney-2024-everything-we-know-072523
49. https://www.mplus.org.hk/en/exhibitions/i-m-pei-life-is-architecture/
50. https://en.chateauversailles.fr/press/expositions-hors-les-murs/palace-versailles-heads-china-exhibition-forbidden-city-2024#:~:text=The%20Palace%20of%20Versailles%20is,April%20to%2030%20June%202024
51. https://www.theartnewspaper.com/2023/10/20/1-54-contemporary-african-art-fair-expands-its-reach-into-hong-kong
52. https://www.pacegallery.com/journal/pace-tokyo-spring-2024/
53. Tsui, Enid. “How auction houses Christie’s, Sotheby’s and Phillips in Hong Kong are expanding, and what it means for buyers.” South China Morning Post, March 18, 2023.
54. https://www.theartnewspaper.com/2023/12/26/tariffs-on-art-are-worsening-frayed-china-us-relations-deepening-ongoing-trade-war
55. Emelife, Aindrea. “West Africa’s art scene: uncovering a long legacy of creativity.” Financial Times. March 11 2023.
56. https://lagos-biennial.org/
57. https://artreview.com/2024-venice-biennale-pavilions-your-go-to-list/
58. https://news.artnet.com/art-world/artist-led-spaces-are-proliferating-around-the-world-filling-a-gap-caused-by-dwindling-public-funding-and-market-pressures-2232925
59. https://kunstmuseumbasel.ch/en/exhibitions/2024/when-we-see-us
60. https://www.happening.media/category/magazine/en/news/651fcf3053160d13ef22b485/the-also-known-as-africa-fair-expands-to-los-angeles
61. https://www.sothebys.com/en/buy/auction/2024/the-norval-sovereign-african-art-prize-2024-benefit-auction-hosted-by-sothebys
62. Walsh, Declan. “The World Is Becoming More African.” The New York Times. October 28, 2023.
63. https://www.theartnewspaper.com/2023/12/21/the-big-museum-openings-and-expansions-of-2024
64. https://www.theartnewspaper.com/2023/11/24/on-site-hotel-nearing-completion-at-brazils-inhotim-museum-and-botanical-garden
65. https://www.apollo-magazine.com/art-market-predictions-2024/
66. https://contemporaryand.com/magazines/14th-edition-of-the-mercosur-biennial/
67. https://press.moma.org/exhibition/crafting-modernity/#:~:text=On%20view%20from%20March%208,domestic%20design%20in%20Latin%20America
68. https://www.theartnewspaper.com/2023/12/21/the-full-list-of-major-art-fairs-in-2024-from-austin-to-zurich
69. https://www.theartnewspaper.com/2023/12/15/paris-to-get-new-fair-for-latin-american-art-next-september
70. https://news.artnet.com/market/konig-galerie-new-mexico-2417721
71. https://issuu.com/christiesstudio/docs/christie_s_latin_american_spring_2023_market_repor
72. https://www.cnbctv18.com/photos/travel/culture/13-things-you-must-know-about-the-700-crore-hindu-temple-being-built-in-abu-dhabi-18527561.htm
73. https://www.businesswire.com/news/home/20231105788458/en/Dubai-to-Host-2024-World-Cities-Culture-Summit#:~:text=DUBAI%2C%20United%20Arab%20Emirates%2D%2D
74. https://www.theartnewspaper.com/2023/12/21/the-big-museum-openings-and-expansions-of-2024
75. https://www.theartnewspaper.com/2023/12/21/venice-and-more-the-most-interesting-biennials-to-visit-this-year
76. https://desertx.org/learn/news/desert-x-alula-2024
77. https://news.artnet.com/art-world/istanbul-biennial-2024-postponed-2420767
78. https://www.artdubai.ae/wp-content/uploads/2023/11/AD-2024-Gallery-List-Digital.pdf
79. https://www.theartnewspaper.com/2023/12/07/londons-middle-eastern-art-sales-have-defied-tensions
80. https://www.arabianbusiness.com/money/wealth/saudi-arabia-to-lead-middle-east-in-ultra-high-net-worth-individual-growth

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Artnet Price Database: From Michelangelo drawings to Warhol paintings, Le Corbusier chairs to Banksy prints, there are more than 14 million color-illustrated art auction records dating back to 1985 in the Artnet Price Database. The Artnet Price Database covers more than 1,800 auction houses and 385,000 artists, and every lot is vetted by Artnet’s team of multilingual specialists.

Artnet Disclosures: This Artnet Intelligence Report The Year Ahead 2024 (“the Report”) was published by Artnet Worldwide Corporation (“Artnet”) in February 2024 and has been prepared for informational purposes only. Portions of the information and data in the Report have been obtained from sources outside of Artnet. Artnet makes no representations or guarantees as to the accuracy or completeness of the information or data in the Report, including from the sources outside of Artnet.

This material is not investment advice, nor does it constitute a recommendation, offer or advice regarding the purchase and/or sale of any artwork. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. It is not a recommendation to purchase or sell artwork nor is it to be used to value any artwork. Investors must independently evaluate particular artwork, artwork investments and strategies, and should seek the advice of an appropriate third-party advisor for assistance in that regard as the Report does not provide advice on artwork nor provide tax or legal advice. Tax laws are complex and subject to change. Investors should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trusts and estate planning, charitable giving, philanthropic planning and other legal matters. The Report does not assist with buying or selling art in any way and merely provides information to parties interested in learning more about the different types of art markets at a high level. Any investor interested in buying or selling art should consult with their own independent art advisor.

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During the past several decades, digital technology has impacted—and in many cases completely transformed—just about everything. From medicine to sports to the supply chain, myriad facets of our lives are organized and determined by computers. For London-based artist Leonardo Ulian (previously), the networks and connections of today’s technologies provide an unending well of inspiration.

In a number of ongoing series like Technological Mandalas, Techno Atlas, or Contrived Objects, Ulian draws on varying themes like the body, global maps, and analog objects to create a dialogue between electronic systems, philosophy, and the human condition.

The Technological Mandala series, for example, came into being a little more than a decade ago when Ulian was going through a personal crisis and sought a sense of purpose in his life and artistic practice. His research and experiments at the time opened a trove of ideas that he continues to tap into. “After 10 years,” he says, “I am still captivated by the discoveries this body of work is helping me make, both in terms of novel concepts and, I would say, philosophical thoughts.”

Find more on Ulian’s website and Instagram.

Detail of “Contrived Object 31 – Mr Maxply” (2021), electronic components, varnish, copper wires, and tennis racket, 71.2 × 19.7 × 12 centimeters

“Technological Mandala 143 – Flowing Vitae” (2019), electronic components, copper wires, varnish, lead, paper, acrylic paint, mechanical parts, and MDF, 228.6 x 101.6 x 5.5 centimeters

“Techno Atlas 014 – Windmill of Drops” (2021), electronic components, microchip, speakers, copper wires, lead, 3D printed elements, varnish, paper, and wood, 84 x 84 x 4.5 centimeters

Left: “Physiognomy 05 – Novus Homo” (2023), electronic components, copper wires, varnish, lead, acrylic paint, sand, MDF, wood, gold perspex glass, and red perspex, 114 x 72 x 4 centimeters. Right: “Contrived Object 31 – Mr Maxply” (2021)

“Techno Atlas 013 – Rebirthing State” (2021), electronic components, microchip, speakers, copper wires, lead, 3D printed elements, varnish, paper, and wood, 84 x 84 x 4.5 centimeters

“Contrived Object 33 – Mr Zaman” (2021), electronic components, solder, varnish, copper wires, tennis racket, gold perspex mirror, chain, and lead, 71.5 × 19 × 12 centimeters

“Technological Mandala 159 – Ego Novi” (2022), electronic components, copper wires, copper foil, lead, solder, acrylic perspex mirror, colored perspex, enamel paint, varnish, and screws, 210 x 210 centimeters. Photo courtesy of THE FLAT – Massimo Carasi Art Gallery

“Technological Mandala 164 – Continuous Orbit” (2022), electronic components, microchip, speaker, copper wire, and wood frame, 84 x 84 x 4.5 centimeters

Detail of “Technological Mandala 164 – Continuous Orbit” (2022)

Do stories and artists like this matter to you? Become a Colossal Member today and support independent arts publishing for as little as $5 per month. The article In Leonardo Ulian’s Techno Assemblages, Electrical Wire and Found Objects Form Precise Geometric Systems appeared first on Colossal.

Each week, Amsterdam-based artist Frank “Frankey” de Ruwe finds a new location to inspire playful, often ironic installations around the city. From a bridge support transformed into a rhinoceros to a police car leaping over a portico to a miniature surfer riding an awning, his pieces both celebrate and find humor in locations throughout the city.

About two decades ago, Frankey landed on a copy of Banksy’s Wall and Piece, a collection of many of the famed graffiti artist and political activist’s interventions in cities around the world. Frankey tells Colossal it was an “aha!” moment. “I knew graffiti and always liked it because of the bright colors it added to the cityscape,” he says. “But Banksy showed me that art in public space could also be very funny and smart.”

On Saturdays, Frankey publishes a new artwork on Instagram and in the Dutch newspaper Het Parool. Without permits, installing the work is technically illegal, but he pays a great deal of attention to his materials and installation methods to avoid actually vandalizing any property. “I do have some rules for myself because I love Amsterdam a lot,” Frankey says in a recent interview with The New York Times. “I don’t want to harm the city at all, so all the pieces I make can be removed quite easily without leaving any damage.”

Frankey works with a wide variety of magnets, ties, and double-sided tape, challenging himself to connect sculptures to buildings, civic structures, or trees without using screws or permanent glues. The flip side of making them easy to remove is that they often are, as passersby pick them up or fans seek out pieces to collect.

Find more on the artist’s website.

Photo by Jurre Rompa

Photo by Jurre Rompa

Photo by Jurre Rompa

Photo by Jurre Rompa

Photo by Jurre Rompa

Photo by Jurre Rompa

Do stories and artists like this matter to you? Become a Colossal Member today and support independent arts publishing for as little as $5 per month. The article The Nooks and Crannies of Amsterdam Are a Canvas for Frankey’s Playful Interventions appeared first on Colossal.