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/PRNewswire/ -- As the Hong Kong art market develops at a phenomenal pace, London is relatively less attractive than it was ten years ago. Christies,...

Contemporary art auctions rebounded to an all-time high of $2.7 billion over the last year, boosted by online sales and the arrival of digital art in

The First Art Newspaper on the Net., art daily,art news,artdaily, daily art, art, art newspaper, Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography, Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs, Anecdotes, Art Quiz, Education, Mythology, 360 Images, 3D Images, Last Week,, , , , ,

A key driver of growth was the emergence of the Asian market, with Hong Kong establishing itself as the contemporary art world's second city after New York

An Artprice report reveals NFTs' influence on contemporary art sales, with Hong Kong being the driving force of the asian market.

Art sales rebound to record $2.7 billion

Non-fungible tokens boost post-pandemic recovery as Hong Kong emerges to challenge New York

They've hit a record $2.7 billion in the past year.

April 20, 2021 PARIS, April 20, 2021 /PRNewswire/ -- With $1.6 billion hammered around the world in fine art auctions during the 1st quarter of 2021, the art market may look like it has already returned to a "normal" rhythm. True, the Q1 total is exactly the average Q1 total over the ten Q1 periods preceding the health crisis (2010 - 2019). But this impression, based on auction turnover alone, hides a very different situation from that which prevailed two years ago. Q1 fine art auction turnover...

Share this article Share this article PARIS, April 6, 2021 /PRNewswire/ -- In the absence of other cultural news, the art world is continuing to discover the joys of online auctions which seem better adapted to dematerialization than other art forums. One consequence has been a very substantial rise in the sale of new creations via auction. Indeed, the number of ultra-contemporary artworks produced less than two years ago and already resold at auction is experiencing phenomenal growth. Severa...