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Keen on the NFT art drops? It's all about strategy, buyer knowledge and timing


Amrita Sethi at a showing for her mixed media artworks
  | Photo Credit:
STUDIO K
As the hype around NFT art reaches a crescendo, here’s how we may have to shift our thinking as more artists venture into this crypto-fuelled world
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“Let’s be honest, the NFT art world would not be having the trajectory it is, if Metakovan and Twobadour did not spend close to $70 million worth of crypto on Beeple’s Everydays: The First 5000 Days,” says Amrita Sethi, “That figure alone is enough for artists to start delving into the virtual NFT art space.” ....

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Art attack: Pandemic will have lasting effect on creative markets


BERN: Even the high-end art market was less frothy in 2020 than 2019 due to restrictions placed on galleries, auctioneers and collectors by the coronavirus disease (COVID-19) pandemic.
Still, fine art remained big business and sold well. The top 10 sales at auction fetched a total of $453 million. In that group, only two paintings exceeded the $50 million mark in 2020, while nine out of the ten lots topped $50 million in 2019.
The numbers may be smaller but they are eye-watering nonetheless. Even pop art sold: A drawing by Belgian artist Herge depicting his character Tintin sold for $3.1 million at auction earlier this month the highest price ever paid for comic book art. ....

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