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trending_up market schedule May 1, 2025 visibility 30 link 41 artists, 5 galleries

morgan stanley intelligence report triumph contemporary

Morgan Stanley and Artnet have released an Intelligence Report analyzing the explosive growth of the ultra-contemporary art market—defined as work by artists born after 1974. Auction sales in this category surged 305% from 2019 to 2021, reaching $742.2 million last year, driven by strong demand in the U.S. and China. The report breaks down sales by region, price band, and leading artists, highlighting how galleries, fairs, museums, and collectors are capitalizing on this trend.

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trending_up market schedule Sep 9, 2025 visibility 11 link 7 artists

Christie’s Quietly Deletes Digital Art Department

Christie’s has quietly dissolved its dedicated digital art department, laying off two staff members including vice president Nicole Sales Giles, as part of a strategic shift to fold digital art sales into its broader 20th and 21st Century Art category. The move follows a two-year contraction in the art market and a dramatic decline in NFT trading volume from $2.97 billion in 2021 to $197 million in 2024, mirroring similar downsizing at Sotheby’s and the shuttering of platforms like Async Art and KnownOrigin.

newspaper Artnet News open_in_new Read original

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