Q3 2021 Art Market Report
“Q3 has been packed with exciting releases and events here at Red Eight Gallery, including a brand-new series named “Iconic” by up-and-coming Lisa Thomson which explores female icons in the arts world.
We’re also delighted to be able to offer ten original artworks by Alec Monopoly, the NYC street artist who’s been called “the most successful artist that art-world insiders don’t take seriously” by Artnet. Alec was the most searched for artist on Artnet’s price database in 2019 and his celebrity following includes Snoop Dogg and Miley Cyrus.
This past quarter we’ve also been digging deep into the art market from an investor’s perspective, with an exclusive article featured in the Financial Times Adviser on the case for fine art as capital protection. During H1 2021 a total of 27 Banksy originals sold at auction for more than US$80 million worth according to the website “Banksy Explained”.
That’s the highest total ever achieved by Banksy to date, with the top performer being “Game Changer” which sold at Christie’s London in March 2021 for £16,758,000.
These big sums might sound impressive, but does this mean that investors and FAs should seriously consider including contemporary art in their portfolios? Click below to get access to our exclusive Art Market Report for Q3 2021.”
Julian Usher, Head of Sales, Red Eight Gallery