This news article highlights key trends and events in the art world during the first half of 2024. It covers topics such as average spending by High Net Worth Individuals (HNWIs), sales performance at major auction houses, motivations for art purchases, the influence of social media, record-breaking sales, space exploration and art, public opinion on famous artists, and the impact of AI on artistic compensation.
$150,780 was the average amount an actively buying HNWIs spent on fine art in the first half of 2024.26% was the decrease in sales at Christie’s, Sotheby’s, Phillips, and Bonhams from the first half of 2023 to the first half of 2024.Source: Art Basel and UBS; Bank of America$50 million was the high estimate at Sotheby’s for Francis Bacon’s 1966 painting$27.7 million was the selling price.40% of HNWIs say they purchase art for pleasure, 24% as investments, and 1% for philanthropic reasons.
$7.68 million is the total value of sales of Lynette Yiadom-Boakye’s art in the first half of 2024, making her the best-selling ultracontemporary artist during that period.125 miniature moon sculptures made by Jeff Koons were sent to outer space as the first “authorized” artwork to be placed on the moon.75% of U.S. adults have a positive opinion of Leonardo da Vinci, the most popular artist in America.
ART MARKET FINE ART HIGH NET WORTH INDIVIDUALS AUCTION SALES ARTIST COMPENSATION
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill Skarsgård's Rotten Tomatoes Cold Streak Is Officially Over Thanks To Acclaimed Upcoming Horror MovieBill Skarsgard in the posters for The Crow (2024), Boy Kills World (2024), and Nosferatu (2024)
Read more »
2024 Miami Art Week Guide to the Design District, Art Basel & MoreArt Basel Miami Beach 2024 guide: pop-ups, installations, and events taking place on Miami Beach and in the Design District.
Read more »
3 Clothing Trends That Are Out in Winter 2024—and 3 Trends That Are InThese clothing trends for winter 2024 are the perfect alternatives to dresses to wear when the weather gets cold. Read on.
Read more »
BTC New Highs, Coinbase Premium Surge, Meme Coin Dominance: Insights by DWF LabsDWF Labs, leading market maker and investing group, published report on Q4, 2024, crypto trends
Read more »
See How and What You Photographed in 2024 With Google Photos’ 2024 RecapGoogle Photos' new AI-powered year-in-review, 2024 Recap, shows users how and what they photographed in 2024.
Read more »
Agarita ends 2024 with free immersive performance at McNay Art MuseumSAN ANTONIO - One of the Alamo City's premier classical music groups is celebrating the end of 2024 with an incredibl
Read more »