07.04.2025
Goldman Sachs Launches Art Advisory Services for Asia's Ultra-Rich
<p style="text-align: left">Goldman Sachs has initiated an art advisory service targeting ultra-high-net-worth individuals in Asia, including Hong Kong and mainland China. This service aims to assist clients in building and managing art collections, reflecting the growing interest in art as an alternative investment in the region. The move underscores the increasing integration of art into wealth management strategies among Asia's affluent individuals.</p>
07.04.2025
Affordable Art Segment Gains Momentum Amid Market Shifts
<p style="text-align: left">The contemporary art market is experiencing a shift towards more affordable artworks. According to Artprice's Contemporary Art Market Report 2025, sales of contemporary art reached $1.89 billion in 2024, with the majority of pieces selling for under $5,000. Conversely, sales of high-end works over $50,000 declined by 21%, indicating a cautious approach among collectors towards expensive artworks. This trend underscores a growing interest in accessible art, allowing a broader range of collectors to participate in the market.</p>
07.04.2025
Indian Art Market Achieves Record-Breaking Sales
<p style="text-align: left">The Indian art market has witnessed unprecedented growth, with Saffronart reporting total sales of ₹217.81 crore ($29 million) at its recent auction. A highlight was Tyeb Mehta's 1956 painting "Trussed Bull," which sold for ₹61.80 crore ($7.27 million), nearly nine times its higher estimate, setting a new record for the artist and becoming the second-highest valued artwork by an Indian artist sold at auction globally. The Indian Art Investor 2024-25 Art Market Report indicates that the turnover from the sale of Indian Modern and Contemporary art at auctions globally for the year reached ₹1,016 crore.</p><p style="text-align: left"><br><a target="_blank" rel="noopener noreferrer nofollow" href="https://www.businesstoday.in/author/smita-tripathi">Smita Tripathi</a></p>
31.03.2025
Hong Kong Palace Museum Exhibition
<p>Hong Kong Palace Museum Exhibition Highlights a Golden Age of Sino-French Exchange</p><p><br></p><p>The Hong Kong Palace Museum has unveiled a new exhibition that explores the rich cultural and artistic exchanges between China and France during a historical golden age. Showcasing rare artifacts, paintings, and decorative arts, the exhibition sheds light on how these two civilizations influenced each other through trade, diplomacy, and artistic collaboration.</p><p style="text-align: left"><br></p><p>Through carefully curated pieces, the exhibition highlights the deep connections between Chinese and French craftsmanship, aesthetics, and intellectual exchange. It offers visitors a unique opportunity to appreciate the cross-cultural influences that shaped both nations’ artistic traditions.</p>
31.03.2025
Fra Angelico’s "Deposition" Altarpiece
<p style="text-align: left">Fra Angelico’s "Deposition" Altarpiece Back on Display in Florence After Transformative Two-Year Restoration</p><p style="text-align: left"><br></p><p style="text-align: left">Fra Angelico’s "Deposition" altarpiece has returned to public view in Florence after a transformative two-year restoration. This Renaissance masterpiece, considered one of the artist’s most significant works, underwent a meticulous conservation process that has revived its original colors and intricate details. The restoration has not only restored the vibrancy of the painting but also unveiled previously unnoticed elements within the composition.</p><p style="text-align: left"><br></p><p style="text-align: left">Visitors can now admire this remarkable work at the Museum of San Marco in Florence.</p>
31.03.2025
Nasser Teimourpour’s Head Lines Exhibition
<p style="text-align: left">Nasser Teimourpour’s Depiction of "Woman, Life, Freedom" Uprising</p><p style="text-align: left"><br></p><p style="text-align: left">The works of Nasser Teimourpour, an Iranian artist based in London, have been showcased in an exhibition titled “Head Lines” in the city. This collection is an artistic reflection on recent events in Iran and the Middle East, particularly focusing on the "Woman, Life, Freedom" movement.</p><p style="text-align: left">Through his artwork, Teimourpour captures collective pain, memories, and social experiences, using visual language to convey resistance, oppression, and hope. His pieces employ diverse techniques, creating a profound commentary on social and political struggles.</p><p style="text-align: left"><br></p><p style="text-align: left">The exhibition took place from March 27 to 29, 2025, at eARTh Space in London, receiving widespread attention from art enthusiasts and cultural activists</p>