The contemporary art market wouldn’t be what it is today without art galleries. Bringing recognition to the sheer complexity of what contemporary art has to offer, art galleries are the vehicle for spreading cultural values and increasing the notoriety of innovative practices in the contemporary art world. Art galleries are brimming with modernity, optimism and ideas, always advocating strongly for…
The Art Market
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The global art market is undeniably a behemoth valued at $67.8 billion, according to the 2023 Art Basel and UBS global art market report. Sales increased 3% over the last year, bringing the market above pre-pandemic levels. That growth was driven by sales from the high end of the market, which have captured the public imagination. In truth, this high-priced…
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The best museums in the USA, according to social media With so many cultures and beliefs embedded in US history, it makes sense that there are thousands of great art museums across the country. But which one is the best? Whilst art is subjective, by pulling data from Instagram and TikTok, we’ve uncovered the top museums in the USA according…
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While NFTs may have been around for some months you might still be wondering what the hype is all about… In 2021 and 2022, NFTs have made a name for themselves in the art world more than ever. Despite the ongoing debate about whether NFTs should be considered assets rather than artworks, it is hard to ignore the lingering ricochets…
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July 2020 – June 2021 marked an all time high for the Global Contemporary Art Market (in terms of business volume and transaction density). With this year’s $2.7 billion turnover hopefully marking the end of the stalling effects of Covid on the art sector, this market boom is partly in thanks to a continued digitalization of auction practices, making art…
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Magnus Resch has never hesitated to disrupt the art world. During his time as an art economist, Yale professor, and gallery owner, Magnus’ many commentaries on the inner workings of the art market, though controversial, have been both meticulous and unerring in their sense of where and how the art world needs to modernize. In his latest bestselling book, ‘How…
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By now many have heard of NFT art, aka crypto art. Every day we read about these “Non-Fungible Tokens” in art blogs, which makes us wonder if they are the future of the art market or if they are just being overhyped. Whether it is a soon to burst speculative bubble or not, let’s delve into the world of tokens,…
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2020 was a year of challenges and innovation. At SINGULART we saw massive shifts in the market as collectors moved online and the traditional art market adapted to the new normal. To better understand how 2020 changed the art landscape, we took a moment to dive into the Art Basel and UBS report, The Art Market 2021, authored by Dr.…
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3 Reasons to Invest in Pop Art Pop Art is undeniably one of the most popular and influential art movements throughout modern and contemporary art history. Conceived in the 1950s in the United States and the United Kingdom, Pop Art was born out of a desire to dismantle the concept of ‘high art’ and reduce the elitism surrounding artworks, therefore…
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A popular culture icon with a short-lived destiny, Keith Haring made a lasting impression on American art at the end of the 20th century. His colourful, facetious and committed work challenged the conventions of the time. The artist prefigured the practices of the underground movement by using the New York subway as his first artistic medium. His recognizable imagery and…