The global art market has experienced strong growth in recent years and the value and frequency of art transactions has dramatically increased. This transformation led to the expansion in galleries, auctions, art fairs, museums, foundations and new online ventures, which has driven further demand for...
Stella Kapezanou is a Greek visual artist composing complex, ironic, colourful and often bizarre paintings which draw their inspiration from capitalistic western societies and materialistic lifestyles. Her latest solo show 'Single's Party' opened at The Edit Gallery in Limassol, Cyprus. On this occasion, she talks...
Here are the five works by living artists that have fetched the highest sums at auction. The most recent broke the record in New York in May 2019! 1. Jeff Koons (b. 1955) Rabbit, 1986 Price realised: USD 91,075,000 ‘Rabbit’ is cast in an edition of three, plus one artist’s...
A common question in the art world is what determines the value of an artist’s work. What makes one artwork sell for 10,000 and another for 10 million—or even 100 million? The correct answer is that it’s a lot more than simply talent or ability. It...
The price of a painting or a sculpture, which resembles the value of luxury real estate might astonish or even enrage the public, but the high figures have caught the attention of economists, investors, and bankers. Nowadays, art buyers not only acquire art for the...
The reasons for buying art are many. You could be a buyer looking to decorate a home and be surrounded by beautiful works. A second or third generation collector maintaining a family legacy. A professional or entrepreneur looking for an investment opportunity. Someone interested in...
Over the past decade, the art industry has grown dramatically. The long-termed, worldwide trend of increasing wealth, in addition to the growth in knowledge about the art world led to an increase in the number of people interested in collecting and investing in artworks. As the...