Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

ArtList’s 5 Art World Updates: Art Basel Develops Urban Art Initiative, Demand for Chinese Art Remains Strong & Syrian Artifacts Survive ISIS Occupation

March 28, 2016 by Maneker

Weekly post from ArtList, the online marketplace for private sales

1. Palmyra’s Antiquities Survive ISIS Occupation Better Than Expected

After holding the city of Palmyra for 1o moths, ISIS has been forced from the city by Syrian governmental forces, allowing the first images of the ancient city post-terrorist occupation to come to light.

Palmyra’s ancient theater (Aljazeera)
 It was already known that ISIS wreaked destruction on the city — a UNESCO world heritage site known as the “Pearl of the Desert,” with artifacts dating back to the Roman Empire. However, new images prove that much more of the city remains intact than experts feared. Maamoun Abdelkarim, Syria’s antiquities chief, remarked that “the landscape, in general, is in good shape,” and vowed that Syria would restore and rebuild the destroyed monuments, including the Temple of Bel and the Arch of Triumph: “We will rebuild the two temples under supervision from UNESCO and other international organizations. The message of the Syrian people is that we cannot leave the two temples in ruins. We are determined to bring Palmyra back to life.”

2. Art Basel Looks to Stimulate Growth in Urban Economics, Art Scenes

Art Basel is hoping to share the wealth of its artistic influence with a new initiative entitled “Art Basel Cities,” through which the fair will aim to have a positive economic impact in the cities around the world.

Outside the Art Basel fair — one of the most significant art events of the year (Miami Smith)
Outside the Art Basel fair — one of the most significant art events of the year (Miami Smith)

Looking to partner with cities that have either emerging or established art scenes, Art Basel Cities will search out local creative collaborators to create “tailored arts programming” in the city, with the assistance of advisory firmCreative Glass Group. Art Basel will also feature work from its partner cities at its annual fairs. The program is motivated by the indisputably significant growth Art Basel has caused through its satellite fairs; according to Miami Mayor Philip Levine, in the 14 years since Art Basel began its Miami Beach edition, “Miami Beach and its neighboring cities have seen the number of galleries grow from six to over 130.” Art Basel hopes that it can have such expansionary, positive effects on city economies and art markets elsewhere as well.

3. Demand for Chinese Art Remains Strong

This week, The New York Times ran an article on the increasingly pricey Chinese art market, finding that amid turmoil in international financial sectors, it is Chinese art (and historical art, in particular) that continues to set records on the secondary market.

Three Ming dynasty bronze statues sold for a record-setting $7 million in mid-March (New York Times)

Indeed, according to the Fine Art Foundation’s annual report, Chinese decorative art and antiques was one of the few auction sectors that grew in 2015. This consistent demand for Chinese art comes, in large part, from Chinese collectors; while demand for art in Western countries approaches acquisitions from an investment frame of mind, Chinese collectors are incredibly historically and patriotically conscious, looking to interact with their country’s political and cultural history. In interviewing auctioneers, the article also found that authenticity and confidence in artwork are very important to Chinese collectors. Therefore, a Chinese may also be drawn to historical pieces or work associated with their country’s culture due to greater trust in the piece or due to the work’s verifiable history.

4. Art Censorship Showed Troubling Trends in 2015

A new report issued by Freemuse, a Danish free speech advocacy group, found that censorship on and threats to artistic freedom increased significantly in 2015.

(Freemuse Art Under Threat Report)

The group recorded 469 attacks and cases of censorship last year, the worst year in the agency’s records and up substantially from 2014, with only 237. China and Russia led the countries with the most incidents (20 and 15, respectively), however democratic governments appeared on the list as well, with the United States at 8 and the United Kingdom at 6. Musicians were the most targeted, followed by filmmakers and writers. Freemsue recognized that this year’s jump in cases can partially be attributed to the increased reporting that violations of artistic freedoms are receiving. However, Ole Reitov, Freemuse’s executive director, maintained that the count reflects a troubling trend worldwide: “Art continues to address important, controversial issues. In a way censorship of the arts is a barometer of political, cultural and religious and social conflicts within societies and many societies are going through value based identity crisis at the moment.”

5. Stolen, Ancient Italian Artwork Recovered

$10 million worth of Italian antiquities have been recovered in Switzerland, where they were being stored by disgraced British art dealer, Robin Symes.

Some of the recovered sarcophagi on display (The Guardian)

Authorities were directed to the Swiss storage unit after uncovering incriminating papers from an art smuggler that indicated the artifacts’ location. Once at the unit, they uncovered what Italian culture minister, Dario Franceschini, described as “forty-five crates containing tens of thousands of archaeological relics of extraordinary quality.” The pieces — which include Etruscan and Roman sarcophagi, marble statues and mosaic works — date from between the seventh century BC and the second century AD. Franceschini called the operation “one of the most important recoveries of the last few decades,” and indicated that the works had initially been stolen in the 1970s and 80s. The works have now been shipped to Rome and will soon return to the regions from which they were originally taken.

More from Art Market Monitor

  • It’s Not Just Bowie, Mod Brits Are Dealer’s ChoiceIt’s Not Just Bowie, Mod Brits Are Dealer’s Choice
  • Here's Comes the Venice BiennaleHere's Comes the Venice Biennale
  • Canadians Try Trademark TrickCanadians Try Trademark Trick
  • Phillips Latin American = $5.19mPhillips Latin American = $5.19m
  • Artelligence for October 26, 2017Artelligence for October 26, 2017
  • Artelligence for July 5, 2018Artelligence for July 5, 2018

Filed Under: General

About Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor