2023 Underground Art Market Report
Source: A screenshot, Instagram/ Sothebys Sotheby’s, the renowned auction house with a rich history spanning 279 years, has made a significant impact on the digital art market in the current year. Fine arts auction house Sotheby’s reported making “close to $35 million” in digital art …
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Banksy Artwork Theft in London Amidst Unusual Romanian Christmas Celebrations An intriguing turn of events has unfolded as a renowned piece of street art crafted by the elusive artist, Banksy, was reported stolen in London. The artwork in question, a vivid installation featuring drones on …
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Following the introduction of their Polygon-based loyalty programme in December 2022, Starbucks Korea have announced that they will start issuing NFTs on Polygon in January 2024, as part of their drive to incentivise customers to use reusable cups. Customers can accumulate “eco-stamps” by purchasing eligible …
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It’s been a banner year for comics and graphic novels, with hundreds of new-release titles hitting shelves from the Big Two (DC and Marvel Comics), indie publishers, and even creators themselves. It’s also been a year of significant change for the comics industry, as the loss …
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Stolen Banksy Artwork Ignites Debate on Street Art Preservation The art world is once again hit by a wave of controversy as a piece by the renowned yet enigmatic street artist Banksy was stolen in south London. This latest incident heightens the ongoing debate about …
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Handcrafted Furnishings: A Tangible Trend in the Digital Era In the digital era, marked by an influx of artificial intelligence, deep fakes, and the unpredictable world of NFTs, a contrasting trend emerges in the sphere of home decor and furnishings. Designers are now embracing robust, …
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More than a year after its launch, Yuga Labs’s project Otherside still dominates metaverse land sales. Otherside consists of parcels of virtual land called “Otherdeeds,” as well as creators that reside on it called Kodas. When Otherside first launched in May 1, 2022, it sold …
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Even amid a market rebound of sorts, it’s been a weird, messy year for NFTs. With falling demand and sinking prices, we saw big brands release terrible-looking collectibles, well-funded startups collapse out of nowhere, and notable projects crumble under the weight of regulatory enforcement. And …
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The art NFT market has experienced significant growth in recent years, with a global sales of USD 11.1 billion in 2021. Despite a decline in 2022, the market still surpasses pre-pandemic levels and is predicted to reach USD 13.6 billion by 2027. The number of …
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In the bustling streets of Peckham, South London, an ordinary traffic stop sign turned extraordinary when renowned street artist Banksy transformed it into a thought-provoking masterpiece. The piece, unveiled on December 22, quickly became the talk of the town after the elusive artist shared an …
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