THE YEAR OF THE PASSION ASSET

THE YEAR OF THE PASSION ASSET

Navigating the Canvas: Trends in the Contemporary Art Market 2023

Introduction:

As we step into 2023, the world of contemporary art continues to evolve, presenting a dynamic landscape that captivates both seasoned art enthusiasts and new collectors alike. In this blog post, we'll explore the exciting trends shaping the contemporary art scene and delve into our key observations on the art market this year.

Trend 1: Youth

In the ever-evolving landscape of the art world, 2023 has proven to be a pivotal year in the rise of young artists and collectors. This shift challenges traditional notions of the art market, bringing forth fresh perspectives, diverse narratives, and a dynamic energy that is reshaping the industry.

As a young gallery ourselves, this dynamic has been demonstrated by us winning Best Art Gallery in the South West and Best Art Space nationally this year.

Trend 2: Fusion of Traditional and Modern Mediums:

The synthesis of traditional and modern artistic mediums is emerging as a noteworthy trend in 2023. Artists are experimenting with combining classic techniques such as painting and sculpture with cutting-edge technologies, resulting in visually stunning and conceptually rich creations. Works that seamlessly blend the old and the new increasingly hold significant appeal for collectors looking for innovative and timeless paintings for their collections. Craig Alan merges the mediums of photography, stencilling, image distortion and painting and we are thrilled to be able to welcome Craig to the gallery on February 7th for his solo show. Please contact the gallery to register your interest

Trend 3: Local artists

Art Basel reported a key trend this year as the rise of the share of works from local artists held in collections across the world, sitting at 53% this year. We proudly champion local artists and have been delighted to work closely with Bristol-based artist Anna Mazzotta this year. Some photos from our exciting event with Anna in November, please get in touch to arrange a private view or to discuss the opportunity of your very own private commission.

Anna Mazzotta collections 

Trend 4: Abstract art prevails.

The Artsy Survey 2023 demonstrated that abstract paintings have been the most important genre in the art market globally, with non-figurative paintings being selected as the most important business of 59% of galleries worldwide. We represent a range of abstract artists including British artist Simon Kenny, his style is best described as 'lyrical abstraction'; characterised as a 'radical Turner', in recent press coverage he has attracted significant attention for his growing collection of 'colour burst' paintings. Click to view our selection of Kenny’s works here. 

Trend 5: Blue-chip artists

Finally, art market reports this year show that the most searched blue-chip artists include some of our own, including Tracey Emin, Harland Miller, Keith Haring and Damien Hirst. We are proud to represent such a diverse range of emerging and investment artists at Studio 74, to see our selection of blue-chip artists that topped the art market charts this year.


Conclusion:

As we traverse the ever-evolving contemporary art market, it's clear that the boundaries of artistic expression are limitless. Whether you're a seasoned collector or a newcomer to the art scene, staying attuned to these trends can not only enhance your aesthetic appreciation but also serve as a guide for strategic investments in the dynamic world of contemporary art. Even though the gallery is closed from the 23rd December and reopens on the 2nd January, we’ll be available behind the scenes so please contact us at any point over the festive period with any questions or enquiries.

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