Art Market Surpassed Pre-Pandemic Levels In 2021 With $65 Billion In Sales, Report Says

  • 📰 Forbes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Art sales rebounded strongly last year from their worst slump in a decade, according to the annual Art Basel and UBS Global Art Market Report.

... [+]The annual Art Basel and UBS report this year expanded from the standard territory of auction houses and dealers to include nonfungible tokens. NFTs exploded in popularity last year, with sales of the digital collectibles brokered by Christie’s and Sotheby’s, albeit in “limited values so far,” according to the report.

Christie’s NFT sales netted $150 million – including a recordfor a Beeple work– while Sotheby’s reached $80 million..External sales of art and collectible-related NFTs using ether, flow and ronin blockchains grew to a staggering $11.1 billion in 2021 from just $4.6 million in 2019, according to the report, which used data from NonFungible.com.... [+]

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Attempted to visualize the Art Market Growth

Hi, I am trying to raise few funds to make it through this difficult phase, I can't offer you anything in return for your help but a book, a little on the dark and emotional side but, an interesting read. I have raised $738/$4400. Help me reach $2600. Pinned tweet details. RT😔

We don't buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people how to earn 0.1BTC ($4,000) and more daily! No referral No withdrawal fees If interested, kindly send a DM

Singapore Singapore Latest News, Singapore Singapore Headlines