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Art Market Overview: A Successful Autumn

Published on , by Vanessa Schmitz-Grucker

The art market hit the ground running this autumn. Major fairs came thick and fast around the world, with Art Paris, Armory Show, Art Basel, Frieze and FIAC.

Yuga Labs’ 101 Bored Ape Yacht Club reassured the NFT market by fetching $24.4 M... Art Market Overview: A Successful Autumn

Yuga Labs’ 101 Bored Ape Yacht Club reassured the NFT market by fetching $24.4 M.

In its analysis of the main sales trends during the first half of 2021, Artprice confirms the dominance of contemporary art, the enthusiasm for NFTs and the steady rise of the Hong Kong market. Four results at Sotheby's backed up those findings, including Banksy's record-breaking Girl with Balloon (2006), whose price skyrocketed by 1,700% to $25.4 M after it was shredded in the auction room to become Love Is in the Bin. Asia reaffirmed its passion for Basquiat ($20.9 M for Red Warrior in Hong Kong on October 9) and the power of Hong Kong, where Picasso's Femme accroupie (Crouching Woman) sold for $24.6 M. Yuga Labs’ 101 Bored Ape Yacht Club reassured the NFT market by fetching $24.4 M.

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