Category: Art Market
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The process of art collab
Boom Art is dedicated to using its expertise for a cause it holds dear—the democratization of art. Art everywhere, art for everyone, until its presence becomes indispensable. As experts in marketing, storytelling, and contemporary art, our goal is to encourage brands to collaborate with artists to develop or strengthen their brand identity. ©Coca-Cola ©Perrier ©Louis…
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Korea’s Growing Art Market: A Prime Opportunity for International Artists
Korea’s Emergence as a Global Art Hub Seoul has quickly become a global art hub, attracting top international galleries such as Perrotin, Pace, and Lehmann Maupin, who have expanded their presence in the city. These galleries are not just opening new branches but are also significantly enlarging their exhibition spaces, showcasing their confidence in Seoul’s…
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Navigating the 2024 Art Market: Strategies for Emerging Artists
Global Economic Impact on the Art Market The art market in 2023 has faced considerable challenges due to high interest rates, the ongoing Russia-Ukraine conflict, and escalating tensions in the Middle East. According to the latest Art Basel and UBS Survey of Global Collecting in 2023, the proportion of art in high-net-worth collectors’ portfolios has…
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Asia’s Top 10 Most Popular Artists of Early 2024: Who’s Leading the Scene?
As the first half of 2024 comes to a close, Boom Art believes it’s the perfect time to curate a list of the top ten standout artists from Phillips Hong Kong auctions. Which emerging artists have made their mark on the auction scene this year? Who has broken boundaries with their distinctive styles and rapidly…
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The Rising Value of Photography 2024
The Photography Market Trends for 2024 The art market for photography is gaining momentum, particularly for established artists like Wolfgang Tillmans and Zanele Muholi, who are receiving significant recognition and retrospectives at major institutions. This attention highlights photography’s growing stature within the art world, positioning it as a key medium for both historical and contemporary…
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The Rising Power of the Asian Art Market: Insights from Christie’s Hong Kong
Christie’s upcoming auction in Hong Kong marks a significant moment for the Asian art market, underscoring its increasing influence and purchasing power. The sale, featuring a rare Nymphéas painting by Claude Monet, is estimated to attract bids between HK$200m and HK$280m ($25m-$35m), reflecting the region’s growing appetite for iconic Western art. This event will inaugurate…
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Banksy as an Example: Exploring How Artists Maintain Their Value
Banksy, the enigmatic British street artist, has captivated the world with his sharp political satire and masterful graffiti. His value extends beyond the staggering prices his work commands in the art market; it lies in the social critique embedded in his art and his commitment to anonymity. Banksy’s success stems from his ability to use…
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Decoding the Characteristics of Best-Selling Artworks
In recent years, the global market for top-tier artworks, particularly those valued over a million dollars, has undergone significant changes. According to Sotheby’s latest analysis, the dynamics of this market are redefining what constitutes a “best-selling” artwork. These changes offer valuable insights for emerging artists, not only in terms of creative direction but also in…
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Why Emerging Artists Should Expand into the Asian Art Market
In the global art market, despite economic and geopolitical challenges, the sector has shown remarkable resilience. In 2023, while global art sales fell by 4%, they remained robust at around $65 billion, surpassing pre-pandemic levels. This dynamic highlights an essential insight for emerging artists: as growth slows in global art markets, expanding into the Asian…
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Exploring the Asian Art Market: A Strategic Choice for Global Artists
In recent years, the Asian art market has rapidly emerged as a significant force in the global art world. For international artists, recognizing and entering the Asian market is not just about embracing globalization but also about seizing a strategic opportunity for future growth. The Growth and Diversity of the Asian Market The expansion of…
Boom Art Associate 