Royal Canadian Mint’s Post

Exciting developments are reshaping South Korea's art market landscape! New legislation is opening doors for post-war Korean art to reach global audiences, while simultaneously strengthening market integrity. 💡Here's what's transforming: Previously, nearly 200 artworks were blocked from leaving South Korea between 2018-2023. Now, revised heritage laws are easing these restrictions, allowing Korean art to flow more freely into the international market. 💭Even more interesting: A new Art Promotion Act is introducing crucial transparency measures, including mandatory authenticity warranties and annual sales reporting. Plus, artists will benefit from a "resale right" starting in 2027 – a significant step toward sustaining our creative ecosystem. As an art consultant, I'm particularly excited about how these changes will create new opportunities for collectors and institutions alike. You can read more here: https://lnkd.in/gt8PikE5 #ArtMarket #GlobalArt #ArtConsulting

Having become more cautious and selective, collectors are today seeking interesting works at fair prices. This period of transformation of the market for African art is therefore not gloomy, but rather exhilarating and full of promises. The market is reshaping itself in the face of a multitude of exciting challenges, while its influence is continuing to expand globally. #AfricanArt #ArtMarket #GlobalInfluence

Isaac Chong Wai's Falling Reversely, a performance piece and video installations combo, is part of Strangers Everywhere, the main thematic exhibition at Venice Biennale 2024. Chong has been exploring the act of falling as a performance trope for a long time, and his Venice Biennale project is premised on the rise of 'Asian hate' soon after the outbreak of the COVID-19 pandemic. Though the piece emerged as a result of a series of painful real-life experiences, the artist doesn't fail to highlight the fact that on certain levels, violence issuing out of racial prejudice is utterly ridiculous. My article also includes a focus on Man Fung-yi's video installation, Microcosmic Landscape, showing at a European Cultural Centre-hosted exhibition at the Biennale. Borrowing from a Taoist practice, Man drew circles every day all through an entire year, during the height of the pandemic, only to burn them all and have the ashes framed. Videos documenting the creation and destruction of her works are said to have a therapeutic effect on the viewer, if not inspire them to let past achievements go up in smoke and start again from point 0. #venicebiennale #strangerseverywhere #IsaacChong #fallingreversely #blindspotgallery #alisanfinearts #manfungyi #microcosmiclandscape #taoism #drawingcircles https://lnkd.in/gmTeFw8n

🔥 29/2,510 Splints left, who will be quick enough to purchase them?  🖼️ Covarrubias | Joven Balinesa | c. 1931 🚀 In March alone, this artwork gained 3.1% in value! Luckily, Splints are still offered at the release price. The Covarrubias market has particularly increased since 2011 and works on paper index grew by around 220% points, outperforming the index of art market greats such as Pablo Picasso and Claude Monet during the respective period. 📱 If you already have the app, follow this link: https://lnkd.in/ev6ihCaU 📲 If you don't, come join us, it takes a few minutes to onboard: https://lnkd.in/e78hQr5c Artemundi

Check out this article from AZCentral: For those who like to read and learn a bit more about people and our interwoven relationships... "Traders and collectors long defined Native art. Young artists want to reclaim their vision" https://lnkd.in/gcMtn6DF

Here are the 15 most searched Artists in 2023. See the names driving the greatest curiosity among collectors in 2023—and how they stack up against the same list from 2005. The Artnet Price Database began keeping track of the most frequently searched artists in 2005. Eighteen years later, the cast of characters remains somewhat consistent. Nevertheless, the market’s growing hunger for work by contemporary artists—including Yayoi Kusama, Gerhard Richter, and George Condo—is evident, as is dwindling interest in and supply of work by Imp-Mod mainstays like Pierre-Auguste Renoir and Edgar Degas. The reports also underlines the reality of the final prices. Onstage: The winning bid is assumed to be the price. Backstage: Auction houses no longer have to reveal the final price paid for a work of art. Ever since third-party guarantees began popping up at auction, the art trade has been complaining that such transactions are pure theater— private sales executed in front of a live audience.18 Third-party guarantors, many argued, had the unfair advantage of knowing the reserve price. Why? Because in these cases, the irrevocable bid effectively becomes the lowest figure at which an artwork can sell, or the reserve. Guarantors also often get a financing fee for offsetting the risk of either the consignor or the auction house, if it provided an in-house guarantee. That fee amounts to a discount—sometimes in the millions of dollars—if the backer ends up buying the work. Read full report following the link. #artcollecting #artexhibition #artmuseum #artinvesting #artinvestment #artcollector #artnews #artworld #artmarket #artmarketnews #artauction #artgallery #artfair #arthistory #artworld #fair #worldrecord #modernart #impressionism #postwar #contemporaryart #yayoikusama #kusama #gerhardrichter #richter #augusterenoir #christies #sothebys

How easy would it be to track the names "in between" looting or forced sale and acquisition by a museum? Pretty easy, really. Then, check other provenance texts for the presence of these same names. Where gaps or dodgy refs, verify in depth. Why museums haven't done this already? #icom #digitalmethods #duediligence #artlaw https://lnkd.in/e3rn4fYb

Here are the 15 most searched Artists in 2023. See the names driving the greatest curiosity among collectors in 2023—and how they stack up against the same list from 2005. The Artnet Price Database began keeping track of the most frequently searched artists in 2005. Eighteen years later, the cast of characters remains somewhat consistent. Nevertheless, the market’s growing hunger for work by contemporary artists—including Yayoi Kusama, Gerhard Richter, and George Condo—is evident, as is dwindling interest in and supply of work by Imp-Mod mainstays like Pierre-Auguste Renoir and Edgar Degas. The reports also underlines the reality of the final prices. Onstage: The winning bid is assumed to be the price. Backstage: Auction houses no longer have to reveal the final price paid for a work of art. Ever since third-party guarantees began popping up at auction, the art trade has been complaining that such transactions are pure theater— private sales executed in front of a live audience.18 Third-party guarantors, many argued, had the unfair advantage of knowing the reserve price. Why? Because in these cases, the irrevocable bid effectively becomes the lowest figure at which an artwork can sell, or the reserve. Guarantors also often get a financing fee for offsetting the risk of either the consignor or the auction house, if it provided an in-house guarantee. That fee amounts to a discount—sometimes in the millions of dollars—if the backer ends up buying the work. Read full report following the link. #artcollecting #artexhibition #artmuseum #artinvesting #artinvestment #artcollector #artnews #artworld #artmarket #artmarketnews #artauction #artgallery #artfair #arthistory #artworld #fair #worldrecord #modernart #impressionism #postwar #contemporaryart #yayoikusama #kusama #gerhardrichter #richter #augusterenoir #christies #sothebys https://lnkd.in/enNs6mgS

What does IP mean to me? 🌟   Freedom Value Creativity Progress Innovativeness Beauty Sublimity The boundlessness of human capacity The good Art Improvement Opportunities Rest Love Change Music Feeling Eye and soul food Empathy Curiosity Inspiration   Intellectual property must be valued and protected, but not locked away. A copyright approach is not always the right one, copyleft is also needed. As Yoko Ono said, "Painting only to exist when it's copied or photographed. Let people copy or photograph your paintings.” And such a Fluxus approach is in the spirit of IP. Obviously, Jurgis Mačiūnas shares this view - in The Lounge next to me at Business Garden Vilnius, which is imbued with this inspiring Fluxus spirit.   Happy World IP Day! 🔆 🎉 #worldIPday2024 #intellectualproperty #giedrelegal

Embracing the Cracks: A Digital Art Journey Inspired by Coldplay's 'Fix You' and Kintsugi Coldplay's 'Fix You' is a song that has become synonymous with solace and hope. Its lyrics offer comfort amidst darkness, with a key image being the 'golden beam of light' - symbolic of guidance and healing. This evocative imagery has inspired artist Davina Dugnas to create a stunning piece of digital artwork, drawing from the Japanese art of Kintsugi. Kintsugi, which means 'golden joinery', is a technique used to repair broken pottery with gold or silver lacquer. More than just a method of repair, Kintsugi is an artistic philosophy that embraces imperfections, making them beautiful and unique. It embodies the spirit of resilience and reinforces the idea that flaws are not to be hidden but rather highlighted and celebrated. The message behind 'Fix You' resonates profoundly with the essence of Kintsugi. Both celebrate the beauty found in healing and resilience amidst pain. Lines like 'When you lose something you can't replace,' spoken like someone experiencing a significant loss, tie into Kintsugi's origins, born from a heartbroken potter sending his damaged tea bowl to the emperor of Japan. More you can read at link below : https://lnkd.in/eGhg_S2m #chrismartin #coldplay #fixyou #hope #love #healing #healingart