Art News. Vasari Codex

trending_up market schedule Apr 23, 2025 visibility 11 link 11 artists, 5 galleries

art dubai digital

Art Dubai became the first major art fair to launch a dedicated digital art section in 2022, inspiring similar initiatives at Paris Photo and Art SG. Now in its fourth year, Art Dubai Digital is thriving in the Gulf region, where cities like Dubai and Abu Dhabi have heavily invested in emerging technologies, including the Dubai A.I. campus, the Museum of the Future, and teamLab Phenomena. The fair has attracted tech entrepreneurs and crypto investors, and Sotheby's recent decision to accept cryptocurrency in Saudi Arabia reflects growing infrastructure for digital art transactions. However, the question remains whether digital art can appeal to traditional collectors or will remain a separate market.

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Hong Kong’s latest art auctions see turnover lingering at 8-year low

Hong Kong's major auction houses—Christie's, Phillips, and Sotheby's—held their seasonal modern and contemporary art evening sales over the past weekend, with total turnover lingering at an eight-year low. Despite the overall downturn, a handful of records and last-minute withdrawals improved the success ratio, and several lots drew vigorous bidding, such as Salvo's "Mattino di primavera (Spring Morning)" which sold for HK$4 million (five times its low estimate) and Firenze Lai's "Basic Knot" which fetched HK$477,300 (nearly four times its low estimate).