A “New Frontier”: Annual Art Market Report 2021
“Two years on from the beginnings of the COVID-19, it’s fair to say that the art world is almost back to normal with pent-up demand driving record sales in 2021. Much of this activity has been driven by a combination of low interest rates, the wealth effect created by bullish stock markets, and a rising cohort of wealthy younger collectors who have benefitted from the cryptocurrency boom of recent years. 2022 is already being called the art market’s “new frontier” in the Bank of America’s Art Market Update: Fall 2021, and I am confident that we’ll see a return to sustained growth and exciting new opportunities for collectors across the board.
I’m especially proud of everything the Red Eight Gallery team has achieved during 2021, especially given the difficult start to the year. Over the past 12 months we’ve started working with a slew of new artists including Symble, William Fortescue, Boogie Moli, Joe Webb, and Matt Roe. From Symble’s striking pop culture references to Joe Webb’s eclectic collages, each of these artists brings something different to the Red Eight portfolio and gives our collectors access to some of the UK’s top emerging talent.
2022 will be a year of continued evolution and growth for Red Eight. We have a busy exhibition schedule which will kick off with award-winning images by William Fortescue in January followed by new work by Joe Webb in February. I hope you’ll be able to join us for one of our events this year to meet our artists and discover our diverse portfolio for yourself.”
Julian Usher, CEO, Red Eight Gallery
Click below to access our exclusive Annual Art Market Report 2021 and discover what to expect in 2022 and beyond in the art world.