Arun Kakar

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Articles

Auction House Leaders on Their 2024 Reflections and 2025 Predictions

Dec 30, 2024 | artsy.net | Arun Kakar

Art MarketArun KakarCyberattacks, blockbuster lawsuits, bananas—there’s no question that 2024 has been an eventful year in the auction market. At the top end, total prices for the 100 most expensive lots sold at auction in 2024 totaled just under $1.8 billion, compared to $2.4 billion in 2023 and $4.1 billion in 2022.
The Artsy Market Recap 2024

Dec 16, 2024 | artsy.net | Arun Kakar

Welcome to The Artsy Market Recap, our end-of-year report highlighting the key trends and artists that made an impact on the commercial art world in 2024. This report draws on Artsy’s industry-leading primary market data to present unique findings on what collectors have been buying in 2024. We cover artists that have experienced surges in commercial interest from across geographies and segments, as well as big-picture findings that illustrate the state of the art market overall.
$4.75 million David Hammons painting leads Art Basel Miami Beach 2024 opening sales.

Dec 5, 2024 | artsy.net | Arun Kakar

Hauser & Wirth’s $4.75 million sale of David Hammons’s Untitled (2014) led the slate of reported transactions from Art Basel Miami Beach’s VIP preview, which got underway yesterday December 4th. The 22nd edition of the largest art fair in the Western Hemisphere this year features 286 exhibitors and is the first under the directorship of veteran gallerist Bridget Finn.
Inside New Director Bridget Finn’s Vision for Art Basel Miami Beach

Nov 25, 2024 | artsy.net | Arun Kakar

It’s the largest art fair in the western hemisphere, its parties are the stuff of legend, and it pretty much guarantees its guests some December sun: There are more than a few reasons why Art Basel Miami Beach is a much-cherished event for the international art world set. First started in 2002, the fair now occupies a prime position in a week stuffed with art world activity (more than 10 fairs now take place during the week).
$120 million Magritte painting smashes artist’s auction record at Christie’s.

Nov 20, 2024 | artsy.net | Arun Kakar

René Magritte’s L’empire des lumières (1954) sold for $121.16 million at Christie’s yesterday, setting a new record at auction for the late French Surrealist. L’empire des lumières(“The Empire of Light”) is one of 27 similarly-titled works that the artist painted between the 1940s and ’60s. Each work in the series depicts a scene that appears to be simultaneously day and night.
Art Collaboration Kyoto 2024 Is One of the Most Exciting Fairs in the World Today

Nov 1, 2024 | artsy.net | Arun Kakar

It’s not uncommon for two galleries to share a booth at an art fair these days, but nowhere has this practice been more evident than at Art Collaboration Kyoto (ACK), which opened its 2024 edition in the former Japanese capital on October 31st. Rather than shunting these dual presentations to the side, the fair dedicates its main section to cooperative booths.
The Trending and In-Demand Artists from The Artsy Vanguard 2020–2023 | Artsy

Nov 1, 2024 | artsy.net | Arun Kakar

On October 21st, we launched the seventh edition of The Artsy Vanguard, which features 10 of the most promising artists working today across various geographies and mediums. Since Artsy started the Vanguard in 2018, many of its alumni have gone on to become leading names in contemporary art. To mark the occasion of this year’s Vanguard, we are featuring two data spotlights.
Contemporary Istanbul 2024 Brings International Flair to the Local Turkish Art Scene

Oct 23, 2024 | artsy.net | Arun Kakar

Those who have attended more than a few art fairs will know about VIP days—the invite-only opening where a select audience are able to peruse the booths before the fair’s public hours. But things were taken one step further at Contemporary Istanbul yesterday with its “At First Sight” day, which is kept so far under wraps that it’s not even listed on its website (the fair’s official VIP day took place on Wednesday).
What Sold at Art Basel Paris 2024

Oct 22, 2024 | artsy.net | Maxwell Rabb |Arun Kakar

A whirlwind fortnight of art fairs across both sides of the English Channel came to an end on Sunday as Art Basel Paris concluded its third edition—its first at the newly restored Grand Palais. In a signal befitting the venue’s Beaux-Arts splendor, this year’s fair was both larger and more popular than 2023’s edition: Some 195 galleries took part in the fair compared to 154 last year, and attendance across the week totaled more than 65,000, well above last year’s figure of 38,000.
The 10 Best Booths at Art Basel Paris 2024

Oct 17, 2024 | artsy.net | Arun Kakar

The organizers of Art Basel Paris 2024 could not have dreamed of better weather as the fair unveiled its first edition at the Grand Palais yesterday in a balmy, almost summery climate. As a winding queue of VIPs streamed into the complex at 10 a.m. for the fair’s preview, the venue was replete with its Beaux-Arts glory, and perfect sunlight poured in from the newly restored glass roof onto the booths below.