“Making money is art and working is art and good business is the best art.”
Andy Warhol (1928 – 1987)
When the only constant in our lives has become change it is easy to get lost amidst the forest of breaking stories and issues of the day competing for our attention. In an effort to help, Athena Art Finance has created Art Finance Matters – a brief, monthly blog to help make some sense out of the sometimes confusing, often exasperating, and yet always engaging art market. Our goal is to provide art market information that is interesting, informative, and (sometimes) inspiring.
As the art world takes steps to reopen, the market is beginning to show signs of significant strength across regions and across categories.
Auction Market Comes Roaring Back in 1H 2021 [Artnews]
Christie’s Posts Strongest London Sales Results Since 2017 [ARTnews]
Phillips Outperforms in HK and NY [Phillips]
Sotheby’s Auctions the Original Source Code for the World Wide Web – as an NFT [Sotheby’s]
Heading into Labor Day – the traditional end of the summer holidays – the art fair calendar will begin to show signs of life returning in some cases to in-person events and others remaining online.
Over the past several months, NFTs (or Non-Fungible Tokens) have taken the world by storm and they seem to have entered virtually every conversation about the art market. We do not know if NFTs are a passing fad or a new pillar of the art market (we suspect somewhere in between) – but one thing is clear: it is a fascinating topic inspiring us to engage in discussion on interesting and important issues relating to the nature of art, the concept of valuation and the very meaning of ownership. You may find this article and this clip to be of interest as you, like us, engage in thinking about what NFTs mean for the global art market.
If You’re Trying to Beat New York’s Summer Heat:
If You Happen to Be Spending Time in Aspen:
And, If You Happen to Find Yourself in Switzerland:
As travel is now possible and is on many of our summer agendas, some good summer reading recommendations seem to be in order. Here is our shortlist of entertaining and enlightening books each with an art market bent:
If you would like to learn more or are in need of financing, please contact Noah Kupferman at [email protected].
Yieldstreet provides access to alternative investments previously reserved only for institutions and the ultra-wealthy. Our mission is to help millions of people generate $3 billion of income outside the traditional public markets by 2025. We are committed to making financial products more inclusive by creating a modern investment portfolio.