The fine art market is one of the most fascinating ways the ultra-rich game the system to save millions of dollars in taxes each year. To understand this you need to have basic knowledge of taxes and capital gains. The premise is that art prices are inflated by industry “insiders” and corrupt museum, studio, gallery,Continue reading “Why Billionaires actually buy art”
The global art market was valued at $67.4 billion in 2018, the second highest year ever. The United States, United Kingdom and China are the three largest art markets in the world. Their sales combined make up 84% of the global art market. The auction house is one of the biggest drivers of the artContinue reading “How Two Companies Dominate The $67 Billion Art World”
Candace Worth’s talk at the TEDxChelsea conference, held June 1, 2012 at the School of Visual Arts. The conference theme was “The true value of art is seldom what someone is willing to pay for it.” Candace Worth founded Worth Art Advisory in 2001 to bridge the gap between contemporary art collectors and the increasinglyContinue reading “Defining Value in Today’s Contemporary Art Market: Candace Worth”
“The art world is an all-volunteer army, and we all come here naked.” Or so says Jerry Saltz, who has made a life—and won a Pulitzer—as an art critic. Saltz, a Chicago native known for his irreverent humor and sweeping, iconoclastic perspective on what the art world can and cannot be, do, and provide, joinsContinue reading “Jerry Saltz: The Art World Problem – Get Inspired”
It’s tax season in the United States, and the art market is one of the many ways rich people game the system to save billions of dollars in taxes each year. Here’s how it’s done. Few videos explain better how the modern art market is a tool for the rich to pay less and lessContinue reading “Art + Taxes = The Dirty Truth”
Become an art market insider – Magnus Resch explains how the art industry really works, why it is in poor shape and how tech can disrupt it. Magnus Resch – Founder, Magnus Art App presents his view of the modern art world and why it is only made for rich, white, men and the gameContinue reading “Become an Art Market Insider – How the Art Industry Really Works – Magnus Resch”
The art world’s number one problem is the lack of transparency. Now that has changed with MAGNUS – Shazam!
Download the app and start to discover the art around you and how the art world works in secret.
Help breakdown this closed world and make more universal.
It’s like Shazam.
Just take a photo!
This is Shazam for the art world. Just take a photo and the app will tell you everything you need to know.
“The art world is an all-volunteer army, and we all come here naked.”