Galerie Nagel Draxler: Heiße Ware / Kunst / Kultur / / report-k de report-k.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from report-k.de Daily Mail and Mail on Sunday newspapers.
Art Industry News: This Taiwanese Pop Star (and Basquiat Superfan) Will Curate Sotheby’s Summer Hong Kong Auction + Other Stories
Plus, anti-oil protesters return to the British Museum, and U.S. cultural institutions are still awaiting federal aid.
Jay Chou performs in Nanjing, Jiangsu Province of China. (Photo by VCG/VCG via Getty Images)
Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Monday, May 24.
NEED-TO-READ
Zabludowiczes Make Rare Statement About Their Israel Ties – Anita and Poju Zabludowicz, the founders of London’s Zabludowicz Collection, have put out a statement in response to criticism from artists and other art-world figures regarding their ties to a pro-Israel lobbying group and military aircraft services company. After a letter encouraging a boycott of their organization drew hundreds of signatures, the couple said they welcomed the news of a cease
Are NFTs a Shrinking Market or the Next Amazon? Kenny Schachter Wages War With Crypto-Cynics and One Irksome NFT Terrorist artnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from artnet.com Daily Mail and Mail on Sunday newspapers.
These NFTs are essentially a means of commodifying digital assets on the internet, such as photos, videos or social media posts, by using blockchain technology to mark them as unique. If a certain digital asset – say, a prominent tweet – is certified as an original, unique asset with an NFT, it can be bought and sold like an antique or a piece of art.
What quickly became apparent in our discussion was that, across industries, we are only at the beginning of understanding the potential transformations coming our way.
Given this state of flux, a longer lens can offer useful perspective. In particular, a specific period in European history comes to mind, characterised by what could be argued to be a comparable marriage between art patronage and new modes of accounting and transaction. During the Renaissance in Italy, the Medici family developed what is now standard practice in present-day book-keeping, the double entry. This is a system for tracking debits and credits against each
Simon de Pury Found NFTs Very, Very Confusing. So He Gave Himself a Crash Course and Realized They’re Here to Stay
The art-industry veteran weighs in on the gold rush for NFTs, and what it has in common with the Swatch boom of the 80s.
April 26, 2021
Simon de Pury, then chairman of Phillips de Pury and Company at a preview the first auction of a historic collection of Swatch watches in Hong Kong in 2011. Photo by Dickson Lee/South China Morning Post via Getty Images.
Every month in The Hammer, art-industry veteran Simon de Pury lifts the curtain on his life as the ultimate art-world insider, his brushes with celebrity, and his invaluable insight into the inner workings of the art market.