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The Art Basel and UBS Art Market Report 2024

by Dr. Clare McAndrew, founder of Arts Economics Once again, despite challenges such as high interest rates, inflation, and political instability, the global art market has demonstrated its resilience. Although the high-end segment experienced a slowdown in 2023, overall transaction… Continue Reading →


By Prof. Andrew Dillon  Source : The gathering of resources for survival, health, comfort, or economy is a defining characteristic of life, nevertheless, collecting is a rather curious behavior that seems to defy easy explanation or analysis. In the… Continue Reading →

Internal Revenue Service warns of tax scam targeting collectors

Scheme involves inflating value of donated works to claim bigger tax deductions by Daniel Grant 24 November 2023 The Internal Revenue Service (IRS) is targeting promoters of schemes that inflate the value of art donated to museums in order to… Continue Reading →

Museums Rename Artworks and Artists as Ukrainian, Not Russian

by Robin Pogrebin March 17, 2023 The Metropolitan Museum of Art in New York changed the name of one of its Edgar Degas pastels Friday morning from “Russian Dancers” to “Dancers in Ukrainian Dress,” the second Degas it has reclassified since Russia invaded Ukraine…. Continue Reading →

Yana Bystrova: Approaching a Chaotic Reality

Poppies by Yana Bystrova, years created: 2013-21 Mila Arts Consulting is pleased to cooperate with Gallery Arte Azulejo to present the exhibition of Yana Bystrova: Approaching a Chaotic Reality.  Currently based in Paris, Bystrova is from Kyiv and is the third generation of… Continue Reading →

The Art Market Has Fully Rebounded From Its Covid-19 Downswing

As the rich get richer, they spend more. Way more. Collectors inside 2021’s Art Basel Hong Kong. Photographer: SOPA Images/LightRocket By James Tarmy March 29, 2022, 1:00 AM EDT The art market has exceeded its pre-pandemic levels, climbing an estimated 29%… Continue Reading →

Have price and value in the art market parted ways for good?

Scott Reyburn 22 December 2021 “A cynic, as Lord Darlington famously pronounced in Oscar Wilde’s 1892 play Lady Windermere’s Fan, is “a man who knows the price of everything, and the value of nothing.” Distinctions between price and value… Continue Reading →

US inflation rates are rising at the fastest pace in decades. What does it mean for the art market?

Art market economists warn US may soon reach a state of stagflation not seen since the 1970s – and buying art might not help investors Over the past 12 months, prices in America have increased by a staggering 6.2%, an… Continue Reading →

INTERPOL’s new App ID-Art will help identify stolen works of art, create an inventory of private art collections and report cultural sites potentially at risk.

KEY FACTS Interpol’s ID-Art app allows users to take a photo in-app, upload an image or enter key descriptive terms into a search engine that runs against the organization’s stolen art database, which has information about more than 52,000 lost pieces of art…. Continue Reading →

ArtWorld in 2021

Sotheby’s Predictions for 2021: 📌New sites and bespoke events 📌 Virtual audiences to expand 📌 A new emphasis on sustainability 📌 Local will be the new global 📌 Hybrid auctions will replace old model 📌 Market players will consolidate 📌… Continue Reading →

New auction record for Helen Frankenhaler

“Royal Fireworks”, 1975 by  Helen Frankenthaler from the collection of Ginny Williams was sold at Sotheby’s auction for $7,9 million, more than double its estimate of $2-3 million and set new auction record for the artist. Sotheby’s sold 100% and… Continue Reading →

Sotheby’s successful sales set new practice and records for digital auctions

The Art Newspaper : Brave new world: Francis Bacon triptych sells for $84.5m in Sotheby’s first major live-streamed evening sale “A lot was riding on Sotheby’s marquee evening auctions, held entirely online and live-streamed from Hong Kong, London and New… Continue Reading →

News from the field #ArtBasel

“There’s no substitute for being at Art Basel in Switzerland, the art world’s largest energy charging station,” Iwan Wirth, Hauser & Wirth’s president, said in an email. “These digital fireworks have been a great success.” Hauser & Wirth reported that… Continue Reading →

Art Galleries Survived the Lockdowns. Now Comes the Hard Part

Great article about art market challenges during this unprecedented time by Katya Kazakina for Bloomberg: “Buyers demand discounts of as much as 30% on new works and 50% on the secondary market, according to art dealers. Temporary reprieve, including government… Continue Reading →

As the Art World Goes Online, a Generation Gap Opens

“Younger, digitally minded collectors are predictably more receptive to online purchases, albeit at relatively low price levels. By contrast, more experienced collectors, conscious of possible condition and provenance issues, remain wary — and it is their spending that makes the… Continue Reading →

Alex Katz’s Seven-Decade Career Has Produced Masterpieces and Little Hype—Until Now

“Collectors are willing to pay a hefty price for such a symbol. Katz’s paintings of Ada are his most coveted works. Recently, they began commanding seven figures at auction. Last year in London, Phillips set an auction record for Katz… Continue Reading →

Sotheby’s to Hold ‘Live’ Auctions in June, Remotely

Sotheby’s executives announced that the first sale, of contemporary art, would be June 29 beginning at 6:30 p.m., immediately followed by its Impressionist and modern art evening sale. The auctions will be livestreamed in high-definition, each lot accompanied by an… Continue Reading →

Alexander Archipenko

On May 30, Alexander Archipenko (1887- 1964) was born.  American-Ukrainian artist, who broke with art tradition and revolutionized modern sculpture. Archipenko was a member of the Cubists circle and he was recognized by his peers. This is what Juan Gris… Continue Reading →

How Carmen Herrera Became One of Art History’s Most Celebrated Abstractionists

Today, on May 30, Carmen Herrera turns 105. The artist is best known for her abstract minimalistic paintings and sculptures with dynamic color pairings and application of geometric concepts of balance and asymmetry. In 2016, she had a great retrospective… Continue Reading →

FRIEZE – New York

Frieze Viewing Room is an online substitute for Frieze New York. From May 8-15, this digital platform is hosting more than 200 international galleries, presenting art works by established and emerging  artists. There are the following sections: Galleries, which was divided… Continue Reading →


On the end of March, David Zwirner gallery invited 12 emerging Lower East Side galleries to present their artists on their online viewing room – Platform: New York.  The galleries — which include 47 Canal, Bridget Donahue, David Lewis, Essex… Continue Reading →

Sotheby’s – Gallery Network

On April 28, 2020 – Sotheby’s announced the launch of Sotheby’s Gallery Network. This is an online platform where Sotheby’s helps partner galleries to make immediate sales. Sotheby’s provides to the galleries their connections with a global audience through its… Continue Reading →

Art Basel Hong Kong 2020

This year Art Basel Hong Kong has been canceled because of the coronavirus pandemic. However, the organizers of the Art Fair launched Online Viewing Rooms where 235 galleries presented more than 2,000 art works in price range from $750 to… Continue Reading →

“Gulliver’s Dream” by Arsen Savadov in NYC

Although Gulliver’s Dream by Arsen Savadov is his first exhibition at the HG Contemporary, this leading Ukrainian artist is no novice to the New York art scene. As a young Soviet painter in 1991, he was on the ARTnews list “Who are… Continue Reading →

“Art Riot: Post-Soviet Actionism” at Saatchi Gallery

On November 16th, Saatchi Gallery (London) opened an exhibition Art Riot: Post-Soviet Actionism dedicated to Russian protest art over the past 25 years. The exhibition is timed to coincide with the 100th anniversary of Russia’s October Revolution and although the… Continue Reading →

Excel Art by Oleksiy Sai

Excel Art by Ukrainian artist Oleksiy Sai at the group show exhibition at Jplus Gallery. Oleksiy Sai makes his series of works in the Microsoft Excel program. Everything relates to those who live their life in the office space and… Continue Reading →

Stockholms Aukhionsverk reception and private viewing in NYC

Wassily Kandinsky “Kreis u.Fleck” was the highlight at the pre-auction private viewing by Stockholms Auktionsverk at the Consulate General of Sweden  in NYC.  I discussed with Niclas Forsman, CEO Stockholms Auktionsverk, Kandinsky’s connection with Ukraine, my motherland.   Fernand Leger “Composition circulaire” Enjoing the… Continue Reading →

Taryn Simon at the Gagosian Gallery

Private view of Taryn Simon Paperwork and the Will of Capital at the Gagosian Gallery. In Paperwork and the Will of Capital, Simon examines accords, treaties, and decrees drafted to influence systems of governance and economics, from nuclear armament to… Continue Reading →

Ganna Kryvolap Exhibition at the Ukrainian Institute of America

I was glad to present the series  “Horizons” and “Ribbons” by Ukrainian artist Ganna Kryvolap at the Ukrainian Institute of America.   The first series is a sequence of landscape paintings combining depictions of cities, which may seem very different at first glance… Continue Reading →

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