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Old master, new attraction. Continuous challenges The old master It’s no secret: attribution and condition issues, reduced supply, young buyers struggle to connect… they are not popular in nature. However, according to Observerbacked by the new collector base, the old masters “make a comeback in London.” It reports that the long-term trend points to a price recalibration that could introduce a “more democratic old master market.” This is behind the recent night auction of ancient masters in the British capital, which violates expectations and brings £58 million ($78 million) excluding fees, Christie’s and Sotheby’swhich is a significant increase in the total last year. Now, the category outperforms many other categories. Obviously, one of the reasons is because there are fewer speculators due to the recent troubles in the art market. “There are fewer improvisations right now. Buyers want safety and professionalism. They expect due diligence, source, academic documentation and proper speech. The challenge is to meet these expectations,” Dealers said. Alessandra di Castro explain.
Fees – Fees. Phillips Its new fee structure was recently announced, known as the “high-quality structure for buyers first” which contains “Priority bidding,” said the auction house. Some people in the art world, including puck, Want to know if it works. The new structure means it will be The highest buyer premium of Three majors The house sells for 29% at $100 million. Beyond the $1 million threshold, it will charge a 22% fee, up to $6 million, and then 15% of revenue. The house also now offers a “priority bid” and buyers who undervalue at any time up to 48 hours before the buyer’s live auction will pay a lower fee. “Will Phillips’ adjustment really create more momentum? If the buyer submits a (or higher) priority (or higher) estimate of about 48 hours or more before the auction, the buyer will pay only 25% of the first $1 million buyer premium,” he said. puck write a letter. “From there they will go from $1 million to $6 million, and then 14% of the price sells 20%. If the bid is followed by bid, but the priority bidder wins the auction, that bidder will still pay the structure of the priority bid fee, i.e., starting at a rate of 25%, not 29%, not 29%.
Digestion
What are you interested in Hilde Lynn Helpensteinalso known as Jerry Gogosianplan to do it after ending her Instagram Art World review? “[I want] Write one White lotus or succession The art world,” she told Art newspaper exist Art Basel last month. “In addition to my creativity, I also want to work at MCH Group and eventually for Art Basel.” [The Art Newspaper]
Art Basel Miami Beach Its exhibitor list has been published, but Artnet The report says “some notable names are missing.” These include Galerie Buchholz, Company, Pilar Corrias, Dan Galeria, DC Moore, Greene Naftali, Galerie Nagel Draxler, David Nolan and Waddington Custot. “Not surprisingly, other stores that don’t participate are midstream in Los Angeles Bloom“It was announced to close its closure, with Rhona Hoffman (ibid) and Peres Projects, which announced unpaid debt in Germany in April,” the media wrote. [Artnet]
Several U.S. senators proposed new legislation on Wednesday Anti-money laundering (AML) Protection of numerous professionals in the American art market. The bill is calledArt Market Integrity ACt” – The Bank Secrecy Act will be amended to require art dealers and auction houses to comply with AML and counter-terrorism financing regulations. It will also apply to art consultants, consultants, consultants, trustees, galleries, museums, collectors or “any other person engaged in an intermediary in the sale of artworks”. [ARTnews].
London is getting one Museum of Savage Architecture (MOBA). It is reported National Lottery Heritage Fund Grant. [Ian Visits]
Kicking
Get radical, get representative. Are you a hard-working artist, desperately looking for gallery representatives? Art Basel Story Maybe be able to point you in the right direction. It talked to several experts. If you don’t know, gallery representatives are “critical to ensuring artists’ income, visibility, and often their legacy.” “But, by far, the artist’s gallery and the acquisition of gallery representation can be a daunting road. So what do art dealers usually consider when expanding their lineup?” Sadie ColesThe founder of the London Gallery of the same name said she “always want to hold exhibitions with artists who make the most important and radical art.” The artists are aware of it. Stefan BenchoamWho runs Proyectos UV In Guatemala, Coles’ sentiment was responded to: “We have had a lot of impact on the market, and more considering the artist’s ability to push and expand Canon.” “But, anyway, all respondents agreed in ensuring gallery representation: The most important thing is to develop rich work – it may take time,” he said. Art Basel write a letter.
