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Artmarket.com: Artprice looks back over 2021 auction highlights and the NFT phenomenon

PARIS, Dec. 29, 2021 /PRNewswire/ — The term ‘NFT’ has been elected word of the year 2021 (all languages combined) by the Collins English Dictionary. The blockchain technology supporting the existence of NFTs was officially born in 2017, but it is only in the last ten months that it has attracted the general public’s attention by inviting itself into the art auction sphere. Today, it seems everyone is talking about NFTs… This new digital market could merge completely with the physical art market; it already represents 8% of global secondary art market auction turnover. However, the two universes might also develop in parallel, with brief forays into each other’s territory, the physical world on one side and the metaverse on the other… like Ying and Yang.
thierry Ehrmann, CEO and Founder of Artmarket.com and its Artprice department: “The appearance of NFTs in the auction sphere represents a genuine revolution, the intensity of which can be explained both by long bottled-up demand and a particularly favorable economic context. Beeple’s initial record ($69.3 million) back in March perfectly illustrates this pent-up demand, the scale of which Christie’s itself had not predicted. NFTs question the art market’s traditional modus operandi, since artists without any market history (but with a huge community on social networks) can, in a few hours, reach prices usually reserved for the likes of René Magritte and Willem de Kooning”.
Artprice by Artmarket.com explains the NFTs for 2022
Artmarket.com: Perfectly Positioned to Generate Enormous Revenue From Its NFT Marketplace on Artprice-nft.com Artmarket.com: Artprice Manifesto – The future of NFTs and the Metaverse Artmarket.com: Here’s why the art market, via the NFT revolution, will enjoy exponential growth with ArtpriceArtprice looks back at the key developments of the year 2021, quarter by quarter.
Q1: Boticelli vs. Beeple
Unveiled in September 2020, just before a second global wave of the Covid pandemic, Portrait of a Young Man Holding a Roundel (attributed to the Florentine painter Sandro Botticelli) was put up for sale by Sotheby’s in New York on 28 January 2021. Despite doubts surrounding the attribution of the world’s most expensive artwork (Salvator Mundi) to Leonardo da Vinci, and despite a still uncontrollable pandemic, this rare Botticelli masterpiece sold for $92 million, the second highest auction result of all time for a work by an Old Master.
However the biggest surprise of the year came on 11 March 2021 when Christie’s online auction platform sold what looked at first glance like a simple jpeg… for $69.4 million. The artist behind the work, Beeple, was totally unknown to the art market, but he had millions of followers on Instagram who know the 5,000 digital works offered by Christie’s in the form of an NFT. Faced with the unexpected enthusiasm of new bidders, François Pinault’s prestigious auction house accepted payment in a cryptocurrency for the first time in its history.
Q2: A flurry of records in the spring
It took a few months for the art market to fully appreciate the nature and implications of non-fungible tokens. During April 2021, two other major auction houses are also launched the sale of NFTs: Sotheby’s with The Fungible Collection by Pak, and Phillips with the work Replicator by Mad Dog Jones. The prices obtained for these works continued to disconcert collectors and analysts.
Fortunately in May 2021, New York’s traditional major art sales resumed, and a very physical artwork crossed the $100 million threshold for the first time in two years. Woman Seated Near a Window (Marie-Thérèse) (1932) by Pablo Picasso was acquired for $103 million at Christie’s on 13 May 2021. In its wake, almost all of the art market’s major signatures fetched very reassuring prices: Basquiat, Monet, Van Gogh, Warhol,… with lots of artists revising their personal auction records.
Top 5 new artist records recorded in May 2021 in New York
Richard Diebenkorn: Ocean Park # 40 (1971) – $27,265,500 – 12/05/2021, Sotheby’s Larva Labs: 9 Cryptopunks – $16,962,500 – 11/05/2021, Christie’s Robert Colescott: George Washington […] (1975) – $15,315,900 – 12/05/2021, Sotheby’s Childe Hassam: Flags on 57th Street, Winter (1918) – $12,328,500 – 12/05/2021, Sotheby’s Barbara Hepworth: Parent II (1970) – $7,110,000 – 13/05/2021, Christie’s Q3: Online sales didn’t stop during the summer
Traditionally, the major auction houses have always taken a break from sales during the months of July and August, in conjunction with the closure of art galleries and art fairs. But in 2020, the postponements caused by the covid pandemic and the establishment of new online sales platforms encouraged auction houses to continue part of their activities throughout the summer period, an exercise that was repeated in 2021, with online sales ensuring the circulation of works to all four corners of the globe.
A total of 121,000 fine art lots were auctioned in the third quarter of 2021. This historic transaction intensity for the summer period was largely driven by the Asian market; not just by sessions in Hong Kong, but also in mainland China, South Korea and Japan.
Top 3 Fine Art results in Asia during July and August 2021
Yayoi Kusama (1929): Pumpkin (1981) – $4,290,000 – 31/07/2021, Mainichi Tokyo Fu Baoshi (1904-1965): Spring (1963) – $4,400,000 – 25/07/2021, Xiling Yinshe Hangzhou Whan-Ki Kim (1913-1974): 1 -VII 71 # 207 (1971) – $4,152,720 – 24/08/2021, Seoul AuctionQ4: All indicators turn green…
The months of October and November saw countless new records for all creative periods: Jackson Pollock, Gustave Caillebotte, Peter Doig, Frida Kahlo, Banksy, Pierre Soulages, Agnes Martin, etc. The sales of two very prestigious American collections – the Impressionist Cox Collection at Christie’s, and the Post-War Macklowe Collection at Sotheby’s – made the last quarter of 2021 the most prosperous Q4 in American art market history.
Expected to rebound after a 2020 marked by the Covid-19 pandemic, Artprice will be looking more closely at this highly positive turn of events in its upcoming Annual Art Market Report.
Aside from the NFT phenomenon, one of the year’s key trends was the emergence of the Hong Kong market which proved to be absolutely decisive for the global art market as a whole. Not only did it host sales, for the first time, of major works by Jean-Michel Basquiat in Asia, it also hammered new records for major signatures, both Western (Richard Prince) and Asian (Yayoi Kusama). But, above all, Hong Kong emerged as the new hub for red chip artists – i.e. young signatures who trigger passionate bidding – like the American artist Avery Singer and the Ghanaian artist Amaoko Boafo. Last, but not least… Hong Kong is also emerging as one of the major new capitals for NFT sales.
Images:[https://imgpublic.artprice.com/img/wp/sites/11/2021/12/image1-artprice-index.png][https://imgpublic.artprice.com/img/wp/sites/11/2021/12/image2-boticelli.jpeg]
Copyright 1987-2021 thierry Ehrmann www.artprice.com – www.artmarket.com
Don’t hesitate to contact our Econometrics Department for your requirements regarding statistics and personalized studies: econometrics@artprice.com Try our services (free demo): https://www.artprice.com/demo Subscribe to our services: https://www.artprice.com/subscriptionAbout Artmarket:
Artmarket.com is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
Discover Artmarket and its Artprice department on video: www.artprice.com/video
Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.
See certified biography in Who’s who ©:Biographie_thierry_Ehrmann_2022_WhosWhoInFrance.pdf
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information in databanks containing over 30 million indices and auction results, covering more than 770,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 6300 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 5.4 million (‘members log in’+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).
Artmarket with its Artprice department, has been awarded the State label “Innovative Company” by the Public Investment Bank (BPI) (for the second time in November 2018 for a new period of 3 years) which is supporting the company in its project to consolidate its position as a global player in the market art.
Artprice’s 2020/21 Contemporary Art Market Report by Artmarket.com:https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2021
Artprice by Artmarket’s 2020 Global Art Market Report published in March 2021:https://www.artprice.com/artprice-reports/the-art-market-in-2020
Index of press releases posted by Artmarket with its Artprice department:serveur.serveur.com/Press_Release/pressreleaseEN.htm
Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (over 5,4 million followers)
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Discover the alchemy and universe of Artmarket and its artprice department https://www.artprice.com/video headquartered at the famous Organe Contemporary Art Museum “The Abode of Chaos” (dixit The New York Times): https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
www.facebook.com/la.demeure.du.chaos.theabodeofchaos999
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Contact Artmarket.com and its Artprice department: Thierry Ehrmann, ir@artmarket.com

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HOP Events, helmed by Kalpesh Kinariwala, bridges Indian talent and global prestige at the Shows of India 2026 Conclave

The anchor sponsorship of the Shows of India 2026 Conclave marks HOP Events’ official pathway into the Indian subcontinent; the UAE-based premium live entertainment company aims to source and showcase extraordinary Indian talent in the markets it operates in.This move will bridge the gap between iconic Indian artists — rooted in Indian and South Asian culture — and world-class international venues and global audiences.In addition to headlining the conclave as its anchor sponsor, HOP Events also made its presence felt in crucial conversations and networking hubs, with Founder and Chairman Kalpesh Kinariwala gracing the conclave as a speaker.NEW DELHI, May 5, 2026 /PRNewswire/ — HOP Events, a UAE-based premium live entertainment company, made landfall on Indian shores through the eagerly awaited Shows of India 2026 Conclave. The sixth edition of the event, which drew to a close on May 2, brought together high-profile industry veterans, change-makers, and disruptors who are shaping the future of India’s live entertainment economy.

Led by industry trailblazer Kalpesh Kinariwala, HOP Events not only participated as the anchor sponsor for the conclave but also broke new ground by offering Indian talent and agencies unprecedented inroads into global markets and prestigious productions.Held at Delhi’s upscale The Leela Ambience Convention Hotel, the two-day Shows of India 2026 Conclave is India’s most anticipated flagship gathering focused on the live entertainment, events, and experiential segments. It brings together key players from across the industry’s value chain, including event professionals, artist managers, promoters, brands, and creators, and facilitates industry-shaping conversations and collaborations.HOP Events’ rationale for backing the Shows of India 2026 Conclave was simple but powerful – as a hub for some of the greatest artistic talent in the world, India stands to benefit immensely from HOP Events’ proven expertise in the premium live entertainment industry. With the conclave sitting at the intersection of India’s creative excellence and its commercial ambition, it is the perfect avenue for HOP Events to seek the artists, managers, collaborators, and cultural voices they want to elevate and present to the world. This anchor sponsorship is thus a declaration of HOP Events’ intent to champion Indian talent and carry it far beyond India’s borders.Elaborating further on the sponsorship, Kalpesh Kinariwala, Founder and Chairman of HOP Events, who also spoke at the conclave, shared:”India is producing some of the most streamed, most loved, and most culturally significant artists on the planet. Arijit Singh ranks ninth among Spotify’s top artists globally. A.R. Rahman has 75 million followers and ranks ahead of global superstars. Rishab Sharma is the number one followed sitar player in the world. Rahat Fateh Ali Khan, Aditya Gadhvi, Anuv Jain — these are artists with massive, passionate global fanbases.Yet their presence on international stages, particularly in the Gulf and beyond, remains far below what their stature deserves. That is the opportunity HOP Events is seizing. The UAE is home to a millions-strong South Asian diaspora — professionals, families, and communities who are hungry for these artists and have both the means and the desire to attend premium live experiences. The Shows of India 2026 Conclave gives us the needed platform to engage with this talent ecosystem at exactly the moment when appetite for Indian talent on the global stage has never been higher.”The conclave’s growing eminence as a premium, high-production-value platform was further underscored by its association with HOP Events, an industry leader in creating large-scale experiential events. Through the years, the Shows of India Conclave has differentiated itself through its trailblazing properties and a star-studded artist line-up. By essaying the role of anchor sponsor for India’s premier business and entertainment conclave, HOP Events is throwing the doors open for partnerships with Indian artist managers, talent agencies, record labels, and creative professionals.As the force behind the sold-out Etihad Arena concert with Arijit Singh, A.R. Rahman, and Rishab Sharma, HOP Events knows what it takes to market Indian artists to global audiences, fill premium venues, and create experiences that do justice to the cultural magnitude these artists carry.In the mid-to-long term, HOP Events aims to become the defining bridge between Indian artistic talent and the global stage. The company is actively scaling across the GCC and extending further into South Asian diaspora hubs globally, with the goal of bringing world-class talent backed by high-end productions and marketing sophistication to deep, passionate, and underserved audiences for Indian and South Asian cultural experiences.About HOP EventsFounded by industry veteran Kalpesh Kinariwala, HOP Events is one of the UAE’s most prestigious names in premium live entertainment. It is hailed for curating global live experiences across the UAE and beyond. The company brings together eminent international artists, creativity, and immaculate organization on one stage, delivering world-class live concerts and entertainment experiences that make a lasting impression on the cultural fabric of the region. HOP Events’ expertise spans from close-up intimate performances to sold-out iconic arenas and includes notable names such as Arijit Singh, A.R. Rahman, and Rishab Sharma. The company differentiates itself through the three pillars of innovation, excellence, and a strong community focus. In doing so, it creates experiences that anchor communities, build connection, and foster a stronger sense of belonging, while delighting audiences with seamless execution, elevated experiences, and disruptive thinking.https://hopevents.ae/Photo: https://mma.prnewswire.com/media/2972758/Kalpesh_Kinariwala.jpg 

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Every Colgate Smile Has A Story: Celebrating Real People, Real Stories, and Real Impact

A tribute to the unwavering faith of Indian mothers, the series kicks off with the authentic story of a legendary 125-year-old sweet-making family from Dehradun.Watch the film here: https://www.youtube.com/watch?v=MQajpQ224EAMUMBAI, India, May 5, 2026 /PRNewswire/ — For nearly 90 Years, the indispensable Colgate tube has occupied a sacred, quiet corner of Indian homes serving as a Suraksha Chakra. It isn’t just a product; for generations of mothers, Colgate has earned a place as a ‘trusted member’ of the family, providing a foundation of care for their loved ones. 

Today, Colgate-Palmolive (India) Limited celebrates this enduring bond with the launch of the new platform, ‘Every Colgate Smile Has A Story’. This new series moves beyond traditional advertising to document the Real People, Real Stories, and Real Impact behind the brand’s 90-year legacy in India. The Heart of the Shield: A Mother’s Peace of MindAt the core of the campaign is the universal truth, a mother’s desire to protect her family, ensuring their health and well-being through every stage of life. This series explores what happens when this instinct meets a partner she can trust.To prove the strength of this shield, the series puts Colgate’s protection through the ultimate litmus test – a household with a 125-year-old legacy of making sweets.The first film, ‘Raised by Sweets,’ takes us to Dehradun into the home of Vertica Khandelwal, whose family has been crafting legendary sweets for over a century. Surrounded by a world of sugary temptations, Vertica balances her desire to let her children celebrate their heritage with the natural maternal anxiety regarding the impact such a sweet-rich environment could have on their teeth. Her peace of mind comes from a simple, powerful reassurance: ‘Colgate Sambhal Lega’ (Colgate will handle it). Science Rooted in LegacyWhile the stories are told through the lens of emotion, the foundation for Colgate is rigorous science. Colgate Strong Teeth reinforces this 90-year trust with its advanced Arginine + Calcium Boost Technology, providing 24-hour cavity protection. It is this quiet, scientific strength that gives mothers the confidence to let their children explore and grow, knowing the shield is always active.Gunjit Jain, Executive Vice President – Marketing, Colgate-Palmolive (India) Limited, said: “For 90 years, mothers across India have trusted Colgate as their family’s ‘Suraksha Chakra.’ With ‘Every Colgate Smile Has A Story,’ we are stepping beyond traditional advertising to honour that profound trust. Vertica’s story in Dehradun perfectly captures what we stand for: allowing mothers to let their children fully experience life’s sweet moments, knowing our protection is always there.”The ‘Every Colgate Smile Has A Story’ series will be amplified nationwide across television, digital, and social media.About Colgate-Palmolive (India) LimitedColgate-Palmolive is a caring, innovative growth company that is reimagining a healthier future for all people, and the planet. Colgate-Palmolive (India) Limited is the market leader in Oral Care in the country, committed to delivering sustainable, profitable growth for its shareholders, while fostering an inclusive workplace for its people. With a primary focus on science-led innovations in Oral Care & Personal Care in the Indian market, the company is recognized for its leadership and innovative efforts in advancing sustainability and community well-being. Among its recent accomplishments, the company has made significant strides in reducing plastic waste and promoting recyclability, conserving water and energy at its manufacturing facilities, empowering women with financial and digital literacy and enhancing children’s oral health through its flagship, Colgate Bright Smiles, Bright Futures® program. For more information about Colgate’s global business and how it is building a future to smile about, visit: www.colgatepalmolive.co.inPhoto: https://mma.prnewswire.com/media/2972719/Colgate_Story.jpgLogo: https://mma.prnewswire.com/media/2396024/Colgate_Palmolive_India_Logo.jpg 

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MSEED and SCOPE Global Skills University Sign Strategic Partnership to Shape the Future of Experiential Marketing Education

MUMBAI, India and BHOPAL, India, May 5, 2026 /PRNewswire/ — Premium education institute MSEED (The Management School of Events and Experience Design) today partnered with SCOPE Global Skills University, Bhopal, to introduce a two-year MBA in Event Management and Experiential Marketing.

Besides boosting students academically, this association intends to equip them with the evolving demands of events and the experiential marketing ecosystem. Furthermore, the collaboration will be fueled by industry expertise and academic structure, helping students build a career in the fast-growing fields of events, entertainment, and experiential marketing.At a time when experiential marketing is ‘evolving from a tactical activation to a strategic growth engine for brands’, this collaboration serves right.Speaking on this exclusive partnership between MSEED and SCOPE, Joshua Newman, Vice-President – Marketing & Partnerships, MSEED, said, “Our focus has always been on outcomes, not just education. This partnership allows us to extend that vision by working with SCOPE Global Skills University to create a program that prepares students for real careers. From curriculum to classroom delivery and industry exposure, every aspect is designed to ensure that students graduate with confidence, clarity, and practical experience.”The MBA program is designed to:Provide a recognized postgraduate qualification with a specialized focusBuild practical skills through real-world projects and case studiesOffering industry interaction, mentorship, and exposureSupport students with internship and placement opportunitiesDr. Vijay Singh, Vice Chancellor of SGSU, hailed the launch as a landmark moment for the city. “This is a remarkable event not just for our university, but for the city of Bhopal. We are witnessing a paradigm shift in how specialized education is delivered in Madhya Pradesh. By launching this MBA in Event Management, we are providing our youth with a platform to master the art of execution, creativity, and management right here in their home state,” he said.The partnership was formally cemented through the signing of an agreement between the two institutions in the esteemed presence of Mangubhai C. Patel, the current and 19th Governor of Madhya Pradesh, marking a significant milestone in the evolution of industry-integrated education in India.For more information on events and experiential marketing, please visit our website.Media Contacts:For media inquiries, please contactTasneem Limbdiwalatasneem@mseededucation.com About MSEEDMSEED, a part of EVA Group, India’s one of the largest live event companies, and backed by 200 odd industry veterans, the institute brings with it deep-rooted industry expertise and real-world insights. It is a creative business institute designed for the next generation of storytellers, strategists, producers, and brand builders. The mission is not just to prepare students for jobs, but to lead industries. Photo: https://mma.prnewswire.com/media/2971835/MSEED_SCOPE_Agreement.jpg 

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