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Sep 9, 2021 · Not only have wealthy millennials doubled their pre-pandemic 2019 average spend, but their tastes have gone digital: 12% of art sales in the first half of 2021 was digital, including non...

On a nearly monthly basis it seems, headlines blare across the web of the latest multi-million dollar art sale. $69.4 million for a Picasso, $157 million for a Modigliani, and most famously as of late, $450 million for a rare painting by Leonardo da Vinci. But what do these mind-boggling figures tell us about art in today’s society?

Jan 14, 2019 · The value of art has long since been assessed in monetary terms, which is also the case now. But the attitude towards this is now entirely different. Previously, art’s value was determined by how much was spent on it, and now art’s …

Nov 2, 2023 · High-net-worth (HNW) women outpaced men’s spending on art in the first half of 2023, following a trend of the past two years. Women collectors spent a median of $72,500 compared with $59,400 by...

Nov 15, 2024 · When bureaucrats hang art in their offices, taxpayers are on the hook – twice. First, the government uses tax dollars to purchase artwork for its Art Bank. Then bureaucrats rent out that artwork and send the bill to taxpayers. And that art bill comes to millions of dollars.

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Aug 11, 2023 · The amount of money (USD) spent on ultra-contemporary art—our term for work by artists born after 1974—at auction by May 20, 2023. That’s down more than 25 percent from the same period in 2022.

Apr 10, 2017 · Every year, United States Artists (USA) awards $50,000 fellowships to 50 artists across the country. This money is completely unrestricted, allowing artists to spend money on whatever they want, whether it’s art supplies and studio rental or …

Mar 25, 2016 · “Art collections in federal buildings bring creative and artistic beauty to public spaces, and create attractive work environments for federal employees and the public that they serve,” it reads....