21.08.2024
In This Issue
đ Female Artists Are On The Rise
đż Avicii Memorabilia Auctions For A Good Cause
đȘ Butter King Coin Projected To Fetch A Million
đ„ Macallanâs Luxe LA Villa Celebrates 200th Anniversary
Female Artists Are On The Rise: The art market is increasingly spotlighting female artists, reflecting broader gender balance efforts. Although female artistsâ sales value dropped 8% in 2023, the number of their works sold surged 21%, showing resilience and growth. In contrast, male artists saw a 20% drop in sales value.
Recent auction records underscore this trend, with Georgia OâKeeffeâs painting Jimson Weed/White Flower No. 1 selling for $44.4 million, a record for a female artist. Contemporary stars like Yayoi Kusama and Cecily Brown also achieved impressive results, while emerging artists like JadĂ© Fadojutimi are commanding high prices. In 2023, female artists made up 32% of total sales and 30% of lots sold, a notable rise from 261 artists in 2019 to 728 in 2023. This growth, alongside high-profile museum retrospectives for artists like Yoko Ono and Jenny Holzer, suggests that the shift toward recognizing female artists is both significant and enduring.
Female artists are not only setting new auction records but are also reshaping the landscape of art collecting, with growing interest in emerging and diverse talents. However, despite this momentum, the fact that female artists still represent only a third of the market highlights persistent gender disparities. UBS x Art Baselâs latest report shows a promising shift: high-net-worth individuals spending over $10 million annually allocated 55% of their budget to female artists in 2023. This progress is encouraging, but the full potential of female artists is yet to be realised.
Anna Oerter
Asset Strategy Manager at Timeless Investments
Julie Mehretu
Corner of Lake & Minnehaha
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Avicii Memorabilia Auctions For A Good Cause: Memorabilia from the late DJ Tim âAviciiâ Berglingâhis favorite sneakers, clothes and instrumentsâare up for grabs in an auction thatâs all heart. Hosted by Stockholms Auktionsverk, 267 personal items donated by his family will go to the highest bidders, with every cent supporting the Tim Bergling Foundation. The foundation is on a mission to break the silence around suicide and mental health, issues close to Aviciiâs story. Itâs a chance to own a piece of his world and contribute to a cause that aims to save lives.
Butter King Coin Projected To Fetch A Million: A rare Danish gold coin is about to make waves at auction next month, with experts predicting it could fetch over $1 million. This isnât just any coin â itâs the 1496 King Hans Gold Noble, a glittering piece of history from one of the most enigmatic coin collections ever known. The collection once belonged to none other than Lars Emil Bruun, Denmarkâs butter king turned collector extraordinaire.
Macallanâs Luxe LA Villa Celebrates 200th Anniversary: The Macallan has taken luxury to new heights with its exclusive LA villa, launched for its 200th anniversary. This invite-only space will host tastings, private events, and offer guests the chance to shop rare bottles. Chef Chris Sayegh has crafted menus that blend Scottish roots with local flavors, while bespoke cocktails reflect both Speyside and Southern California. Nestled near Bel Air, the villaâs design mirrors LAâs laidback vibe, complete with airy interiors, a rooftop terrace, and even a branded pool.
The Macallan
The Reach 81 Year-Old (1940)
This special Macallan asset will be available on the 24.12.2024.
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