NY Celebrates Start of Art Season
In three separate, massive venues, the New York art scene launched the start of the fall season. The first show, Art on Paper held a four-day celebration at its hipster-esque location on the lower east side of Manhattan, a stone’s throw from the city’s financial district.
The second art fair, Volta, opened on Chelsea Industrial, a showspace on west 28th street, in the heart of the vibrant Chelsea art gallery scene.
The third – and largest – art fair, The Armory Show, opened in the gigantic Javits Convention Center, locates on a site just north of Chelsea, overlooking the Hudson River.
Art Scene Summer Report
This has been an unusual summer for New York City’s fine arts market. Normally, galleries, auction houses and private dealers plan to escape the heat and humidity out on Cape Cod or up in the Adirondaks, soaking up the sunshine between sips of chilled wine and gourmet snacks. But this time, the fancy shops sprinkled through Soho, Chelsea and the Silk Stocking District, home to the classiest establishments where the well heeled could obtain the objets which cement their claim to to cultural superiority found staffs of many of the major institutions at their post, open for business to trade their wares for as much cash as you could spend.
ART MUTUAL FUNDS TEMPT INVESTORS
A new breed of investment vehicles is offering art afficianados a way to put their portfolios where their heart is, by investing in fine art.
According to Motley Fool, these funds capitalize on the fact that the value of fine art has proven to beat the performance of many stocks on the New York Stock Exchange as well as such popular investment barometers as the S&P 500 and the Wilshire 5000.
There are now a dozen art-based mutual funds where investors can put their money to work.
ART NFTS AND CRYPTO CURRENCY:
IS THERE LIFE AFTER TECHNO DEATH?
A few years ago, the art market was rocked by the emergence of a marriage of cryptocurrencies and fine art. Some seemingly banal works were going for millions of dollars, and thousands of artists joined in the frenzy, which momentarily promised to become a internet market space where the traditional control exercised by galleries and high powered art dealers was about to be overthrown.
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ARTISTS MIGHT STARVE
BUT ART MARKET SOARS
American artists are at the heart of a vast culture market that generates billions of dollars in foreign and domestic revenues.
According to the US Bureau of Economic Analysis GDP for the arts and culture nonprofit and commercial sector now tops $1.102 trillion with over 5.2 million jobs.
WANT YOUR OWN ART COLLECTION?
HERE’S A NY BUYERS GUIDE
If you want to build an art collection, you have many ways to find and buy the works you want. And you don’t need to be a billionaire to succeed.
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ARTISTS FACE COMPLEX CHOICES
TO MARKET THEIR ART
Art galleries, art sale web sites, personal web sites, auctions and crypto currency markets -- Artists in the 21st century have a dazzling choice of markets to offer their creative efforts to a buying public.
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COMING SOON: MORE NEWS AND FEATURES
This page will include reviews of shows, reporting on trends in the arts, and commentary on changes in how the business of art is carried out.
