Art Basel’s Post

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And here another interesting read ahead of Paris+ par Art Basel. Learn about the current art market in the French capital in the Financial Times https://lnkd.in/e-4nbvn4

Here's a list of the highest-selling artworks of all time: 1.⁠ ⁠Salvator Mundi by Leonardo Da Vinci - $450.3 Million 2.⁠ ⁠Interchange by Willem de Kooning - $300 Million 3.⁠ ⁠The Card Players by Paul Cezanne - $250 Million 4.⁠ ⁠Nafea Faa Ipoipo by Paul Gauguin - $210 Million 5.⁠ ⁠Number 17A by Jackson Pollock - $200 Million 6.⁠ ⁠The Standard Bearer by Rembrandt van Rijn - $198 Million This list highlights the value of tokenizing real-world art (RWArt) and how Artfi's vision is revolutionizing the history of art collecting and investing by making it accessible for everyone.

“Factors such as higher interest rates affect the demand for art, however, there has been little research on how these economic and social trends impact the decisions and spending plans of collectors. To address this, the report presents a global survey of collectors, examining their attitudes, behaviors, and outlook for the art market in 2023, as well as trends in spending, and how they interact with artists, galleries, institutions, and their environment.”-Art Basel #artmeccainsights https://lnkd.in/eqbaCWfu

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While exciting fairs such as Art Genève, NOMAD St. Moritz and Frieze LA are scheduled for January and February, the first two months of the year are rather slow in terms of truly important art market events with the first major auctions taking place in March and the Venice Biennale starting in April. Read our short report to get an overview of the global art market’s schedule over the coming months. #diversification #artinvestment #arteducation #alternativeassets

Art Basel has announced a new fair in Paris, set to begin in October 2022, which will replace the existing FIAC (Foire Internationale d’Art Contemporain). Although this fair is a recent development and is building its own history, here are some interesting anticipatory facts related to Art Basel's expansion into Paris: 1. **Paris as a New Hub**: By choosing Paris as its new location, Art Basel is looking to tap into the city's rich artistic heritage, its vibrant contemporary art scene, and its central position in the European art market. 2. **Rebranding an Established Fair**: Art Basel Paris is not starting from scratch but is building upon the legacy of the FIAC, which has been an important part of the Parisian and international art scene for several decades. 3. **Timing**: The fair's timing in October strategically places it in the art world's busy autumn season, which includes major auctions and other art fairs, offering synergy for international collectors and galleries. 4. **Diversity of Offerings**: Although details were initially scarce, Art Basel Paris is expected to continue Art Basel's tradition of showcasing a wide range of works, including paintings, sculptures, installations, photography, and digital art. 5. **Economic Impact**: Art fairs like Art Basel typically generate significant economic activity, not just for the art market but also for the host city, benefiting hotels, restaurants, and other businesses. 6. **Art and Technology**: Given Paris's current push towards becoming a European tech hub, there is the potential for Art Basel Paris to become a significant platform for the intersection of art and technology. 7. **Cultural Enrichment**: With Paris's already established cultural landscape, Art Basel's arrival is expected to further enrich the city's cultural offerings and draw an even more international crowd to its art scene. As Art Basel Paris unfolds and grows, it will surely generate its own unique set of facts and stories that will contribute to the rich tapestry of the global art community.

Since Brexit, Paris has been working hard on taking away market share from Europe’s dominant art market location, London. One of the highlights of this year’s Paris Art Week in mid-October was certainly the second edition of Paris+ by Art Basel. Read our short report to learn about the art fair and the strong Paris auction results that accompanied this year’s Paris Art Week. #artinvestment #diversification #alternativeinvestments