Behind The Report – NFT Art Market Report
17 May 2021
In this edition of Behind The Report, Adam Green previews our inaugural NFT Art Market Report focusing on the sale of NFTs during the period of January 2020 to May 2021.
ArtTactic
In this edition of Behind The Report, Adam Green previews our inaugural NFT Art Market Report focusing on the sale of NFTs during the period of January 2020 to May 2021.
In this week’s special mailbag podcast episode of the ArtTactic Podcast, ArtTactic’s Adam Green and Anders Petterson answer questions from listeners focused on art fairs, the art market during the pandemic, NFTs and more.
In this week’s episode of the ArtTactic Podcast we chat with Richard Polsky, author, dealer and founder of Richard Polsky Art Authentication, about the 10 year anniversary of the closing of the Andy Warhol Authentication Board. First, Richard tells us how the board operated and what the experience was like to get an artwork authenticated by it. Then, he shares how the market and relevant participants reacted when the Warhol Foundation announced they were closing the Authentication Board? Also, Richard reveals to what extent the closing of the Authentication Board impacted the artist’s market. Finally, Richard updates on how he is trying to fill the void left behind with his business Richard Polsky Art Authentication.
In this week’s episode of the ArtTactic Podcast, we’re joined by Bimpe Nkontchou, founder & managing principal of W8 Advisory, a multi-family office and wealth management practice, based in London, focused on high net worth African families. First, we ask Bimpe why there is suddenly increased focus on the contemporary African art scene. Then, she tells us if African high net worth families are viewing contemporary African art as an alternative asset class. Also, Bimpe shares if Africans are beginning to collect art in response to the increased popularity of contemporary African art. Additionally, she explains how vital art patronage is to the African art community as well as the important role established African artists are playing to ensure that emerging artists can develop their practices and careers.
In this week’s episode of the ArtTactic Podcast, we chat with Ochuko Ojiri, founder of Ramp Gallery, a London-based gallery specializing in emerging and contemporary artists. First, Chuko updates us on the lockdown in London and how it is impacting galleries. Then, he tells us how the gallery has been able to find success despite opening just a few months before the pandemic started. Also, Chuko shares how younger artists have managed through the pandemic, explains the positive impact of Instagram on both his gallery and his artists and offers advice to emerging artists who are just beginning their careers.
In this edition of Behind The Report, Adam Green previews our NextGen Artist Monitor report on Lynette Yiadom-Boakye, in which we take a look at different aspects of her market and career including her lengthy institutional support as well as her market.
In this week’s episode of the ArtTactic Podcast, Scott Reyburn, art market journalist who frequently writes in The New York Times and The Art Newspaper, joins us to discuss the red chip art phenomenon, a new term he coined to describe the art by younger artists that have appeared at auction selling for staggering amounts. First, Scott tells us about the term he coined and the corresponding phenomenon happening at auction. Then, Scott identifies some of the noticeable differences between this current art market cycle and previous ones. Also, he discusses the role that Instagram is playing in the art market to push demand and prices for art by emerging artists. Further, Scott explains why the current market has some questioning art as an alternative asset and shares if insiders believe this current trend will continue for the next few years.
In this end of year episode of the ArtTactic Podcast, we’re joined by Nate Freeman, Senior Art Business Reporter at Artnet. First, Nate shares his top storylines of the art market in 2020. Then, he identifies Avery Singer, Nicolas Party, Harold Ancart, Titus Kaphar, Simone Leigh, Amoako Boafo and Matthew Wong as the biggest artist market winners of the past year. Also, Nate reveals which segment of the market was the weakest this past year. Lastly, Nate shares a bold prediction for the art market in 2021.
In this week’s episode of the ArtTactic Podcast, art market reporter Katya Kazakina joins us to recap this past week’s major contemporary auctions. First, Katya discusses the incredible high prices achieved during the auctions by several younger and mid-career artists and why it has prompted talk of a bubble in the contemporary art market. Then, she touches on museums’ interest in artists of color and female artists and how that is impacting demand for their work on the primary and secondary market. Katya has also been monitoring the significantly high number of deaccessioning occurring at museums during the pandemic and explains why some incidents have been more controversial than others. Finally, as the year is winding down and we look ahead to 2021, Katya gives us a sense of what peoples’ expectations for the art market are moving forward.
In this edition of Behind The Report, Adam Green previews our latest Contemporary Art Market Confidence Report in which our findings reveal a v-shaped recovery in the art market.