Art auctions hit record in 2022 despite economic gloom

  • 📰 eNCA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Entertainment Entertainment Headlines News

Entertainment Entertainment Latest News,Entertainment Entertainment Headlines

More than a million artworks were put up for auction for the first time in 2022 despite a gloomy global economy, according to a report released on Tuesday.

The report by France-based analysts Artprice also confirmed a near-total collapse in the previous year's craze for NFTs -- the blockchain tokens that prove ownership of digital artworks -- whose sales fell 94 percent to $13.9 million.More than a million artworks were put up for auction, and 704,747 sold -- both records -- with Christie's seeing six works that surpassed $100 million each.

One of his paintings alone -- a Marilyn Monroe portrait by Andy Warhol -- fetched $195 million, the highest-ever for an American work of art. While non-fungible tokens lost much of their value -- partly due to the crash in crytocurrencies -- the number of auctions for these digital artworks actually increased from 284 to 373.

 

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

 /  🏆 49. in ENTERTAİNMENT

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines