Hello,
Earlier this month, Art Basel and UBS published a first look at COVID-19’s impact on the art industry. Historically one of the top sales channels for galleries, fair sales reportedly plummeted in 2020. Despite this, online sales rose by 27%, and high-net-worth collectors reported that the pandemic significantly increased their interest in collecting art.
In the face of these dramatic changes, the art world is rewriting its calendar for the remainder of 2020. Here’s what to expect:
UBS and Art Basel: Mid-year report |
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In-person sales are plummeting and younger, wealthier buyers are spending more. This mid-year survey offers a real-time prognosis of the gallery sector. |
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Three ways galleries are preparing for fall |
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Artsy partners ABXY and Faria Gallery discuss virtual art fairs and what it actually means to be “be online.” |
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Exploring the future of art fairs |
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Hear from the directors of 1-54 Contemporary African Art Fair, The Armory Show, Art Cologne, Cologne Fine Art & Design, and Masterpiece London. |
Thank you,
Dustyn Kim
Chief Revenue Officer