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The scam of a $700 painting that was altered to be auctioned off for $78,000

To carry out the fraud and trick those who bid for it at Deutsch Auctioneers, it was enough to damage the painting, so as to give the canvas an aged appearance. But this is far from the only act of fraud in the art business: scammers benefit from a market that has ‘a lot of money and little judgment’ ....

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An NFT sold for $2.9 million is now worth $280: Has the bubble burst?

After reaching a peak in late 2021 of close to $2.9 billion, sales of art-related NFTs fell to under $1.5 billion in 2022, according to an Art Basel and UBS Global Art Market report ....

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Online art auctions become 'safe haven asset' among Spanish millionaires during pandemic


Online art auctions become safe haven asset among Spanish millionaires during pandemic
.
However,
one of the sectors that has managed to reinvent itself during the pandemic, and which is not always suitable for all budgets, has been the art sector, moving fairs, auctions, and galleries to the online environment.
With the confinements and the increase of mobility restrictions, plans were reduced and so were the investment options, so
many people with high purchasing power decided to jump into the world of buying luxury works online.
the number of millionaires fell by about 56,000 in 2020, while billionaires decreased by 0.06%.
With so much money, why not invest it in luxurious and ostentatious works of art? ....

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Christie's announces evolved 2021 team for Spain


Christie s announces evolved 2021 team for Spain
Adriana Marín, Client Liaison for 19th Century and Old Masters. © Christie s Images Ltd 2021.
MADRID
.- As Christie’s Spain approaches its 50th anniversary next year, established Christie’s colleagues María García Yelo, Representative Christie’s Spain and Director of the Impressionist and Modern Art department, Beatriz Ordovás, Director and Head of Post-War and Contemporary art Iberia, and Adriana Marín Huarte, client liaison for 19th Century and Old Master Painting, will form an evolved team to work with their longstanding collectors while representing Christie’s in innovative ways throughout Spain. With significant digital advances made across 2020 including new sale formats, livestreamed sales, digital tools such as virtual viewing galleries and super-zoom photography, the team are well-placed to broaden the existing client base even further whilst continuing to foster the 1:1 client relationships that l ....

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