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Reuters
a day ago
- Business
- Reuters
Art Basel shows more mid-priced art to a sombre market
BASEL, Switzerland, June 19 (Reuters) - The world's biggest art fair takes place in Switzerland this week, with global crises creating a more sombre mood, according to participants, and galleries showing less expensive works amid a slump at the top end of the art market. A fixture since 1970, Art Basel is widely viewed as a key barometer for the health of global art sales. Works by over 4,000 artists are on show, including a Pablo Picasso painting valued at over $30 million shown by U.S. gallery Pace. Global art sales fell 12% last year, the second annual decline in a row, according to a report by UBS. The drop was particularly sharp at the top end - defined as works selling at auction for over $10 million - where sales tumbled by 39%. "It's true the galleries are bringing material that is in a different price point to what it used to be," said Vincenzo de Bellis, Chief Artistic Officer and Global Director of Art Basel Fairs. "And it's natural, there's a different expectation." No artwork had sold for over $10 million as of Wednesday, according to sales confirmed by exhibitors. Last year, one piece had already fetched $16 million on the opening Tuesday. "I think the mood is very subdued," said Gaurav Madhok, a visitor from London who has been going for over 12 years. More than five gallery representatives said there were fewer American clients at stalls than in previous years. A separate UBS report showed a 4.6% jump in private individuals' wealth in 2024, with the U.S. faring especially well, creating over 1,000 new dollar millionaires daily. "We've seen a lot of European curators," said Georgia Lurie, a director of the Pippy Houldsworth gallery. "But Americans are thin on the ground, both collectors and museum people." ($1 = 0.8170 Swiss francs)
Associated Press
06-05-2025
- Entertainment
- Associated Press
'Chaos Code' 2025 New York International Art Competition Officially Unveiled
05/06/2025, New York City, New York // KISS PR Brand Story PressWire // Whitelock Art Center announces the winners of 'Chaos Code—2025 New York International Art Competition,' reaffirming its leading role in the global art scene. New York, April 21, 2025 — As a vital hub for emerging global art trends, Whitelock Art Center officially announced today the winners of its prestigious 'Chaos Code—2025 New York International Art Competition.' The exhibition will be accessible online from April 22 to May 22, open to a worldwide audience. Bringing together submissions from artists across six continents and evaluated through a rigorous international review system, the competition affirms Whitelock's status as a core platform for interdisciplinary and experimental contemporary art, while further expanding its influence in digital humanities, global artistic discourse, and arts education. Whitelock Art Center: A Contemporary Engine of Cross-Disciplinary Innovation Based in New York City, Whitelock Art Center has, since its founding, committed itself to advancing dialogue between contemporary art and critical global issues such as technology, society, identity, and ecology. In a time when digital transformation is rapidly reshaping the cultural landscape, Whitelock continues to lead international art discourse through its open curatorial model, global academic networks, and forward-thinking exhibition vision. 'Chaos Code,' one of the center's flagship projects in 2025, exemplifies Whitelock's ongoing exploration into the evolving relationship between art, humanity, and technology, marked by its critical inquiry and cross-media presentation. 'Chaos Code': A Humanistic Inquiry and Visual Response in the Digital Age Titled 'Chaos Code,' the competition addresses a profound and future-facing question: In a world dominated by algorithms and digital systems, what becomes of identity, freedom, and humanity? Among the 1,800+ submissions from around the globe, the jury focused on works that demonstrated groundbreaking approaches in form, concept, and medium. Whether through painting, video, photography, or digital art, the selected artists use a chaotic visual language to reveal the tension beneath perceived order, breaking barriers between culture and technology to construct a visual dialogue on the present and future of human existence. Rigorous Evaluation Upholding Global Standards and Academic Authority To ensure fairness and professionalism, the competition employed a double-blind peer review process with both preliminary and final judging rounds. The jury consisted of five renowned international artists and curators from countries including the U.S. and Germany, featuring:David Mason (U.S. artist)、Julia Holtmann (German artist)、Samantha Lee (Artistic Director, Whitelock Art Center)、Plus additional guest jurors from prominent international art institutions. Evaluation criteria included academic rigor, innovation, foresight, contemporary relevance, and cultural diversity, ensuring each artist was assessed within a global framework. Winners Announced: A Multinational Portrait of Contemporary Expression The winning artists represent a broad international spectrum, including the U.S., U.K., Canada, China, Italy, Japan, Denmark, Israel, Kazakhstan, Bosnia and Herzegovina, Romania, and Estonia, underscoring the competition's global reach and cultural diversity. Grand Prize:Robert Obier Gold Awards: Gold Award in Painting: Alexandra Finkelchtein Gold Award in Video Art: Maurizio Zoccola Gold Award in Photography: Meiling Li Gold Award in Digital Art: Shijie Hai / Luciano Caggianello Silver Awards: Darko Stanic / Peep Ainsoo / Fusheng Bao / Cameron Lings / Pan Huang / Yishan / Dmitry Kemell Bronze Awards: Chey Isola / Drake Fu / Eugen Serbanescu / Michelle Oconis / Reagan Burns / Hanzhu / Yangang Wang / Cheng Yang / Hao Zhang / Anton Sazonov / Laura Hu / Peiyang (Camille) Li / Yu Liu / Maii Fallara / Dale Zhou & Hongxiang Zhou / Nao Kimata / Ningxin Zhang / Xingdu Wang / Susanne Layla Petersen Looking Ahead: Continued Exploration and Global Dialogue More than just a competition and exhibition, 'Chaos Code' represents Whitelock Art Center's systematic and collective reflection on the evolving relationship between art and reality. In the years ahead, Whitelock will continue to launch internationally engaged, publicly accessible artistic projects focused on the cultural transformations of our time, supporting new generations of artists in developing a truly global perspective. The online exhibition will remain open through May 22, 2025. The public is warmly invited to visit the official website, view the works, and join us in contemplating the central question: How might humanity use art to code chaos in the future? Original Source of the original story >> 'Chaos Code' 2025 New York International Art Competition Officially Unveiled
