Speaker(s): Elena Zavelev
Analyzing Trends and Tendencies in the Global Art Market
This presentation will give an overview and analysis of the current statistics for online art sales and their potential within the brick and mortar art world.
If you're an art collector, you're probably well aware that the global art market is booming - and it shows no signs of slowing down. So, what's driving this growth? Let's take a look at some of the key trends and tendencies driving the global art market.
One of the key drivers of the booming global art market is the rise of Asia as a major player. For years, Europe and North America have dominated the art world - but that's changing. In recent years, we've seen a growing number of Asian collectors enter the market, and they're driving up prices for both Asian and Western artists.
What's more, we're also seeing a growing number of Asian galleries and auction houses establish themselves on the global stage. Sotheby's, for example, now holds regular auctions in Hong Kong, while Christie's has opened offices in Hong Kong, Beijing and Shanghai. This increased visibility is helping to raise awareness of Asian artists and drive up prices even further.
The rise of new technologies is also playing a role in the booming global art market. In particular, online platforms like Artsy are making it easier than ever for collectors to buy and sell artworks without having to physically visit galleries or auction houses. This convenience is leading to increased participation in the art market by both buyers and sellers alike - which is inevitably driving up prices.
There's no doubt about it - the global art market is booming, and there are no signs of it slowing down anytime soon. Thanks to factors like the rise of Asia as a major player in the art world, the increased visibility of Asian artists, and the convenience of online platforms, more people than ever are buying and selling artworks - driving up prices in the process. If you're an art collector, now is a great time to take advantage of this growth!
Elena Zavelev Shares Her Expertise
- Ten Most Valuable Artists in Skate’s Top 5000 (as of December 31, 2013)
- Ten Most Liquid Artists (Greatest Number of Repeat Sales by Years)
- Skate’s Art Stock Index (Global Art Industry Performance) in 2014
- Who are The World’s Most Valuable Living Artists
Elena Zavelev is a contributor to Forbes magazine and the founder and CEO of New Art Academy, the authority on ArtTech, blockchain and AI for the global art market. Elena is a collector of crypto and digital art and loves discovering and supporting emerging new media artists. Since its launch in 2017, New Art Academy has hosted a number of international conferences and events in partnership...