This decade has kicked off with a focus on ‘mega-galleries’, following on from the launch of Pace’s new 75,000 sq.ft, eight-storey flagship gallery in New York in September 2019. Despite COVID-19, the $63.7 billion art market is expected to expand as more people embrace online shopping and virtual exhibitions. Leading the way are millennials and Gen Z, who are using their power to invest in diversity in the arts and explore LGBTQ+, race and environmental issues. Along with supporting female artists and artists of colour, these age groups have been instrumental in the pioneering of environmental art. Eco-Visionaries , held at the Royal Academy of Arts in 2020, showcased the artists and designers reacting to pressing ecological issues, including species extension.
As for what else this decade will bring, we look forward to finding out!
'Forever Bicycles' by Ai Weiwei. Credit: Ashton Emanuel
In 2010, the Instagram app launched and the world changed forever. From Yayoi Kusuma’s ‘Infinity Mirror Room’ installation to teamLab’s Digital Art Museum in Tokyo, artists began to create ‘Instagrammable’ art that could be shared worldwide via smartphones. Likewise, AR and VR technology encouraged viewers interact with the art. Politics were a recurring theme, as portraits of Barack and Michelle Obama swamped social media, and the election of Donald Trump as the U.S. president in 2017 sparked an outpouring of satirical sketches and illustrations. Similarly attention-grabbing was Banksy’s Dismaland exhibition in 2015, and the shredding of his £1 million ‘Girl with Balloon’ painting at Sothebys that followed in 2018. Elsewhere, the first edition of Art Basel in Hong Kong opened in 2013, African art made an emergence, and retrospective exhibitions of Keith Haring and Jean-Michel Basquiat brought seminal works to a new audience. Georgia O’Keeffe’s painting, ‘Jimson Weed/ White Flower No. 1’ (1932) also became the most expensive artwork by a woman, selling for $44.4 million in 2014.
The Albertina Museum in Vienna held an exhibition of Keith Haring's works in 2018. Credit: Heinz Bunse
'Log Lady & Dirty Bunny' by Marnie Weber at Art Basel Hong Kong (2013). Credit: See-ming Lee
Students in Lausanne, Switzerland, strike for 'Grève du Climat' in January 2020. Credit: Gustave Deghilage
'The Toilette (Make Up or Mirror of Life)' by Niki de Saint Phalle. Credit: Fred Romero
62 FINE ART COLLECTOR AUTUMN/WINTER 2020
FINE ART COLLECTOR AUTUMN/WINTER 2020 63
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