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tylerpeter

Old Money Meets New Galleries: The Art Market’s Quiet Revolution

Art collecting among the world’s wealthiest is taking an unexpected turn. Rather than sticking to established blue-chip dealers, high-net-worth collectors are now branching out—88% have bought from at least one new gallery in the past year, and the average collector now works with 17 galleries, up from 13 just five years ago. Despite a 32% drop in average spending in 2023, median outlays have barely budged, hinting that the biggest changes are happening at the extremes. The appetite for discovery is strong: over half of collectors’ budgets now go to new and emerging artists, and the share of works by women artists in collections has hit a seven-year high. Digital platforms are also reshaping the scene, with nearly three-quarters of collectors buying art online and 43% using Instagram as a marketplace. As optimism rises and intergenerational wealth quietly shifts hands, the art world’s center of gravity is moving—less about trophy pieces, more about curiosity and connection. The future of collecting looks less like a fortress, and more like an open door. #Entertainment #Painting #ContemporaryArt

Old Money Meets New Galleries: The Art Market’s Quiet Revolution
tylerpeter

Artistic Expression by Native American Artists

Jeffrey Gibson became the first Native American artist to represent the United States at the Venice Biennale, marking a turning point in the global conversation about contemporary art. Now, with the announcement of Hauser & Wirth's worldwide representation of Gibson - as well as New York-based Sikkema Jenkins & Co. - his vibrant geometric works will be accessible to a wider audience. Gibson's art is full of color and energy, weaving together his Choctaw and Cherokee heritage, American pop culture, and queer history. Each piece is a multi-layered conversation that uses abstraction to explore identity, resilience and belonging. His upcoming projects include a solo exhibition in Paris and a monumental façade work commissioned by the Metropolitan Museum of Art in New York. Gibson's creative journey proves that contemporary art can both challenge and invite, opening doors to new perspectives with intelligence and light. In his hands, tradition and innovation go hand in hand and never stand still. #Entertainment #Painting #Jeffrey Gibson #Indigenous Artists

Artistic Expression by Native American Artists
tylerpeter

Portrait of George Dyer Crouching

Few artistic relationships are as raw as Francis Bacon’s with George Dyer, immortalized in the towering Portrait of George Dyer Crouching. Painted in 1966, this six-foot canvas isn’t just a portrait—it’s a psychological battleground, where Dyer’s form blurs with Bacon’s own features, hinting at the tangled intensity of their bond. Out of ten grand portraits Bacon created of Dyer between 1966 and 1968, only nine remain, with this piece rarely seen outside private collections. The work’s debut at Sotheby’s this May marks a rare moment: the first time in a decade that such a monumental Dyer portrait enters the auction spotlight. Bacon’s depiction of Dyer, shirtless and fragmented, captures not just a lover but the vulnerability and volatility that fueled some of the most haunting images in modern art. In the end, the canvas holds more than paint—it holds the echo of a love that shaped an era. #Entertainment #Painting #FrancisBacon #GeorgeDyer

Portrait of George Dyer Crouching