by Andrew Wagner on August 12, 2014
In the latest sign of trouble at Sotheby’s, artnet News reported that the company’s second-quarter report displayed a significant drop in private sales. (As opposed to public auctions, in a private sale, Sotheby’s is consigned a work of art and then privately approaches individuals about buying the work.) For the first half of 2014, Sotheby’s made $294 million in private sales, as compared with $561 million over the same period in 2013. That’s a 48 percentage point drop.
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by Andrew Wagner on August 7, 2014
Can we expect a future where digital art hangs on the walls of everyone’s homes? Electric Objects, the startup that’s creating a home-computer display system for Internet-based art, called EO1 has been wildly successful. So far they raised a whopping $787,612 on Kickstarter for these digital art screens—their original goal was $25,000. And now, adding to the start up’s momentum, they’re launching a “Net Artist in Residence” program with the New York Public Library (NYPL).
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