Britain’s long-established art scene has embraced technologies such as artificial intelligence to compete with growing markets such as China.
Although the United States and China occupy first and second place respectively, the UK’s contribution to the art market cannot be underestimated – accounting for 17% of the global share, according to Art Basel and Art Basel. UBS art market report.
London is widely considered the art center of Europe, with its largest art fair, Frieze, set to attract 90,000 visitors by 2024.
“We have been working together for 21 years and this is a meeting point,” Frieze London art fair director Eva Langret told CNBC. the art of appreciation.
“We have more than 160 galleries from 42 countries coming to show artists’ work, and this is truly a moment where the entire art world comes together,” Langert said.
While a new generation of dealers, professionals and artists have embraced innovation to adapt to the needs of the future city art marketas are some of the city’s historic auction houses.
Phillips Auction House was founded in 1796 and was originally known for selling paintings from Marie Antoinette’s estate. Today, Phillips sells everything from jewelry to modern and contemporary art.
“Artificial intelligence is affecting the way we live, the way we work, the way we communicate, the way we research. In the art world, it’s been bubbling and burning for a while and then all of a sudden it catches fire,” said Henry Hay, head of European private sales at Phillips Henry Highley said.
Watch the video above for a closer look at some of the art that’s breaking barriers in London’s art scene.
