Photo by The New York Public Library

What's new? Weekly art-climate overview

The art market is expected to keep getting stronger for the next 6 months as the latest Contemporary Art Market Confidence Report came up with a reading at 91, higher than the 76 from last July. Which makes it the highest outcome since June 2011. Considering the pandemic restrictions are easing back into normality, so is the art world.

Printmaking! A medium that increased in production since the pandemic started, contrary to other art mediums. Benefiting from this rise in favoritism, artists like Picasso, Basquiat, Warhol, Murakami, Nara, Banksy, and Kaws are in luck since they all have a vast amount of prints that can be sold and resold with more ease and efficiency. Auction houses are also giving immense importance to printmaking, making the medium’s sales rise like never before. With that, we notice a preference for Modern and contemporary pieces over more seasoned ones. Surpassing Warhol’s Flowers, Banksy achieved a new personal record with Girl with Balloon getting $2,8 million in bids.

Banksy GIRL AND BALLOON (REPRODUCTION)
New Art Est-Ouest Auctions

This week's rising artists are Nina Chanel Abney, Njideka Akunyili Crosby, and Harold Ancart.

Abney is an Afro-American artist based in New Work. Her paintings explore race, gender, pop culture, homophobia, and politics. Her work ranges in price starting at $600 and going up to $40,000 and more. Her piece Snoops’ Friends (2019) is currently for sale for $85,0000.

Crosby is a Nigerian artist currently in Los Angeles. Her collages and paintings explore the challenges between living in her hometown Nigeria and her current home in America. Her work is currently on sale for around $2,000.

Nina Chanel Abney Snoops’ Friend, 2019 Delahunty

Ancart is a Belgian painter and sculptor who lives in New York. His work is about landscapes, built environments, and the way humans move through space. His work is sold anywhere from $4,000 to $7,000.

See you next week!

By Nery Nery, 2022

©.lab
©ArtAdvance

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