Artmarket.com: Artprice looks back over 2021 auction highlights and the NFT phenomenon

Art Press Agency

The term ‘NFT’ has been elected word of the year 2021 (all languages combined) by the Collins English Dictionary. The blockchain technology supporting the existence of NFTs was officially born in 2017, but it is only in the last ten months that it has attracted the general public’s attention by inviting itself into the art auction sphere. Today, it seems everyone is talking about NFTs…
This new digital market could merge completely with the physical art market; it already represents 8% of global secondary art market auction turnover. However, the two universes might also develop in parallel, with brief forays into each other’s territory, the physical world on one side and the metaverse on the other… like Ying and Yang.

Artprice’s Contemporary Art Price Index – Base 100 on 1 January 2000

Artprice’s Contemporary Art Price Index – Base 100 on 1 January 2000

Botticelli, Portrait of a young…

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