The art industry can be a difficult market to break into. As art continues to rise in popularity and scarcity becomes more prevalent, more collectors and galleries alike are searching for new and upcoming artists on the rise.
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As a first-time art investor, it’s imperative to understand the current global art market landscape. With $64.1 billion in total sales during 2019 and a drop by 22% in 2020 (50.1 billion), the global art economy is slated to bounce back this year. On a global scale, art is comparable to wine; it increases in value as it ages.
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The world as we know it has changed forever. Through the pandemic, an emergence and ultimate rebirth of creativity have become imminent in the form of NFTs. This is a marketplace for art unlike any other, where inspired creators around the world auction individual pieces of their work for values few could have ever imagined.
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Avant Gallery, a contemporary art gallery based in Hudson Yards, New York & Miami, is currently featuring the ‘Nothing to See’ & ‘Black is a Color’ collections by Tim Tadder.
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