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Michelangelo Pistoletto, Rem(a)inder at Galleria Continua ArtBasel Hong Kong

Michelangelo Pistoletto, Rem(a)inder at Galleria Continua ArtBasel Hong Kong

An industry marked by tradition is finding a new identity with the online generation; one that rewards innovation.

The article ‘Start-Ups Putting Art in the Cart’ running in the FT today takes a look at how the online market is attracting a young demographic of new collectors and polarising art businesses. Among the auction houses, those who are slow to embrace the growing importance of establishing an online marketplace and community are quickly falling behind competition, and activist investor Dan Loeb has already picked up on this in his recommendations for Sotheby’s. 

Many in the business expect the online art market to grow over the next five years as more companies find ways of selling art and its services online. 

"Online sales accounted for $870m in 2012, just a fraction of the $60bn art industry. But a report by Hiscox, the insurer, estimates this could reach almost $2.1bn by 2017." A flurry of entrepreneurial tech-based contenders is bidding to take a lead in this new space, offering platforms for both buyers and sellers of collectables valued up to $500,000.

“Although we’d welcome more est­ablished buyers chasing multimillion-dollar works, we find we are catering for a younger, highly educated ‘magpie’ generation who want to start collecting today,” says Alexander Gilkes, co-founder of Paddle8.

@ChristiesInc #IfILiveAuction skateboard promo: Christopher Martin may wipeout but the sale was anything but a flop

To watch the full video click HERE.


Mario Nigro
Total Space: Structures - 1953-56

(via neon-fruit-supermarket)

In Numbers

Fontana by Year Madeimage

Auction Turnover


Average Priceimage

Great extended analysis at Art Market Monitor courtesy Art Media Agency

Rosso Verde 1968

Carla Accardi (1924-2014) 

Are you listening Artissima, Roma Road to Contemporary Art, Arte Fiera Bologna, MiArt?

"Futurism is complicated, and it evolved over more than three and a half decades,” says Vivien Greene, senior curator of 19th- and early 20th-century art at the Solomon R. Guggenheim Museum, who has worked over the past five years to prepare “Italian Futurism, 1909–1944: Reconstructing the Universe,” which opens February 21. While the movement has been explored institutionally in Europe, particularly in Italy and the U.K., this show will offer the largest and most comprehensive survey in the United States."

Beauty will save the world.
Fyodor Dostoevsky