ART MARKET: NEW SECTION AT ARTE AL DÍA
It is with great enthusiasm that we announce the inauguration of a new section in our magazine, dedicated to the fascinating and dynamic art market. This section is designed to serve both experts and news collectors as well as enthusiasts who wish to enter, participate, and better understand this exciting world. The section benefits from the guidance and advice of María Sancho-Arroyo, an expert in the field.
Discover what you will find in our new section:
Global News: Stay up to date with the most relevant events worldwide, including art fairs, auctions, and international exhibitions. We will provide analysis and summaries of the events that set trends and define the future of the art market.
Insights from professionals: Get to know the perspectives of gallerists, advisors, appraisers and other professionals, who will share their visions and experiences about their specific markets. You will learn firsthand how they perceive current and future trends, as well as the challenges and opportunities they face.
Articles on collectors: We will present profiles of collectors from different levels and backgrounds. From young people just starting their collections to established big names. We will explore their motivations, tastes and advice for those looking to enter the world of collecting.
Main themes: We will delve into the most relevant debates in the art market, addressing topics such as art as an investment asset, price dynamics, patronage, and the ethical responsibilities of collectors and institutions. These discussions will offer a reflective and critical look at the role of art in contemporary society.
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Installation view of the space in which to place me (Jeffrey Gibson’s exhibition for the United States Pavilion, 60th International Art Exhibition – La Biennale di Venezia), April 20 – November 24, 2024. Center: WE HOLD THESE TRUTHS TO BE SELF-EVIDENT (2024) Photograph by Timothy Schenck.
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Auction of Leonora Carrington’s Les Distractions de Dagobert on May 16th, 2024. New York. Courtesy of Sotheby’s.
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Les Distractions de Dagobert, 1945. Leonora Carrington. Tempera on Masonite. 75.6 x 87 cm. Courtesy of Sotheby’s.
Pinta and Arte al Día: A Comprehensive Platform
Although Arte al Día and Pinta are part of the same initiative, Arte al Día also maintains its editorial independence. This means that the magazine's position on issues and events relevant to the art market is autonomous. The main objective of this new section of Arte al Día is to provide its readers with balanced, interesting and important information.
María Sancho-Arroyo, adviser
Maria is an art professional with over 30 years of international experience in the art world. She has worked at art museums ranging from the National Museum of Catalan Art, MNAC, in Barcelona to the Louvre in Paris. In 1996 she arrived at Sotheby’s Auction House in London where she gained experience in the many aspects of the art market with a focus on business and client development. She has participated in numerous auctions and worked closely with Sotheby’s European and Latin-American offices and other market operators.
Maria is currently adjunct faculty at the Sotheby’s Institute in NYC where she teaches art market topics specializing in International Art Markets and the Auction Business. She regularly lectures at international universities and institutions. Additionally, she is a member of The International Art Market Studies Association, TIAMSA.
We invite all our readers, art enthusiasts and professionals, to explore and enjoy this new section. Our commitment is to provide enriching content that inspires, educates and connects all those interested in the vibrant world of the art market.
May interest you
ART BASEL IN BASEL 2024: A FAIR FOR EVERY BUDGET?
The Art Basel in Basel fair concluded on June 16th, signaling the near end of the market season before summer. Despite the June London auctions (featuring works from antiquity to contemporary art) this year’s London season is notably diminished.
ASUNCIÓN IN THE SPOTLIGHT: LAST EDITION OF PINTA SUD
Pinta Sud | ASU presents the third and final edition of Asunción’s Art Week, taking place from August 5-11, 2024. The event will feature art exhibitions, events, and various activities free and open to the public, offering seven days of artistic celebration throughout the city.
A BUYER’S MARKET: OPPORTUNITIES AMID UNCERTAINTY
Last week's New York auctions, dubbed "Giga Week," saw art sales soar to an impressive $1.4 billion. This significant figure follows numerous sales at bustling art fairs over the past two weeks. While this amount represents a 22% decrease from the same week in 2023, and 55% less from 2022, auction houses performed admirably given the current challenging economic and political climate.
LATIN AMERICAN ART TRIUMPHS AT AUCTION
The NY spring season has concluded with the major auctions of Contemporary and Modern art. While the sales have not been a disaster, most lots have sold either below or close to the low estimate, with some last-minute withdrawals. One year ago, the May sales already marked a clear recalibration of prices. Over the past 12 months, the market has continued its slowdown, and this week's sales have confirmed the trend. It is not a brusque fall or a crash, but a slow-motion downward spiral in prices, with very few but exciting surprises.
FRIEZE NEW YORK 2024 – A VIEW FROM THE FLOOR
With the opening of Frieze NY last Wednesday, the NY Contemporary sales season has kicked off (if it ever truly stops!). From now until mid-May, it's a whirlwind of fairs and gallery openings, culminating in the grand auctions. May is a crucial time for the US art market calendar and the results will have global repercussion for the remainder of the year.
THE PRICE OF ART: BEYOND THE MILLION-DOLLAR HYPE
The art market stands out as a unique and enigmatic sector, notoriously difficult to measure and largely unregulated. Yet, it never fails to captivate the media, drawing attention with its dazzling multimillion-dollar sales and the alluring glamour of art collecting.
