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Artprice looks at five “positive anomalies” on the Art Market in 2020

PARIS, Oct. 27, 2020 /PRNewswire/ — Thanks to online sales, the major auction houses have found a way to continue to operate and countervail the Covid-19 health crisis. Lockdown forced them to activate the sudden and complete dematerialization of their most prestigious sales and their corresponding catalogs. This development – one that has been a long time coming in the art market – has allowed the bulk of secondary market fine art transactions to go ahead ‘as normal’, which in turn has substantially contributed to bolstering the confidence sellers need to consider consigning their works, and, a number of several quite remarkable performances have already been recorded.

Artmarket Paolo UCCELLO

thierry Ehrmann, President and Founder of Artprice: “Our econometrics department has identified five types of sales which illustrate the resilience of the art auction market. Each of these ‘positive anomalies’ must be placed in context in order to understand the indefatigable interest of buyers for these works and these artists in such difficult times“.

Contact Artprice’s Econometrics Department for all your questions relating to our statistics and our personalized studies: econometrics@artprice.com

Record turnover figures…

Banksy’s market is showing extraordinary resilience in the face of the crisis: his works have already generated a record annual auction turnover totalling $42.8 million so far this year. Six of his 10 best-ever auction results have been hammered in the past 10 months; and some 550 other works have changed hands in auction rooms around the world.

With the successful sale of his masterpiece Complements (2004-2007), Brice Marden has also posted a record performance at auction despite the health crisis. At 82, he is one of the top 10 most successful living artists by auction turnover.

The sudden infatuation of collectors (that began in 2019) for the work of 43-year-old American painter Eddie Martinez has continued unabated this year with 53 works already sold at auction, including five at over half a million dollars. Demand for his work has clearly  been resistant to the health crisis in the USA and to the political and economic crises that have come in its wake.

The strongest price rise…

The name of Matthew Wong burst onto the international art scene on 30 June 2020 when Sotheby’s chose to start its first major New York session of the year, 100% online, with a canvas by this relatively little-known Canadian artist.

Matthew Wong’s career began in Asia in 2014, a few months after graduating from the Hong Kong School of Creative Media. His notoriety culminated in 2019 with a solo show at Massimo de Carlo in Hong Kong (January – March 2019) and then at the Karma gallery in New York (November 2019January 2020). Unfortunately the artist committed suicide a few weeks before his American exhibition.

The Realm of Appearance (2018) – an oil on canvas estimated by Sotheby’s at $60,000$80,000 – fetched a stunning result of $1,820,000 on 30 June 2020. This remarkable record was confirmed on 7 October when Christie’s sold Matthew Wong’s Shangri-La (2017) for $4,470,000.

The most constant gain (% wise)…

Acquired at Sotheby’s in New York in 2011 for $10,000, Yayoi Kusama’s acrylic on canvas Season Cherry (1978) resold on 16 July 2020 for $106,250 (in the same auction room). The initial investment therefore generated +30% per year on average, over nine years…

The sharp rise in value of this painting perfectly illustrates the evolution of Yayoi Kusama’s prices. According to Artprice auction market data, $100 invested in January 2011 in paintings by the Japanese artist is worth an average of $926 today. Note that the value of Yayoi Kusama’s paintings has grown faster than that of the rest of her work over the past decade.

The rarest work…

Works by the Florentine painter Paolo Uccello are extremely rare at auction. But one of the best works still in private hands was nevertheless consigned this summer after spending 62 years in the same family.

Sotheby’s included the piece in the ultra-prestigious sale Rembrandt to Richter on 28 July 2020 in London. Made in the fifteenth century in Tuscany, the painting was placed between a work on paper by Jean-Michel Basquiat and acrylic on muslin by Keith Haring, both dated from the early 1980s.

The three million dollars fetched by Uccello’s Battle on the Banks of a River far exceeded the expectations of the owner, who had decided to part with this masterpiece at a particularly delicate moment on the art market.

The fastest flip…

In the space of one year, Genieve Figgis’s painting Ladies in the Grass (2015) has been auctioned twice. Acquired for $18,750 in July 2019 at Christie’s in New York, the work was sold for $242,000 on 11 July 2020 at Christie’s in Hong Kong.

French gallery owner Almine Rech discovered Genieve Figgis through Richard Prince, who says he spotted her on Twitter. This new form of Bad Painting, supported by two of the biggest players in the Art Market, has found equal success in Hong Kong, London and New York. The three major capitals of the Contemporary Art Market are in direct competition for paintings by the Irish painter and rapidly escalating her prices.

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Copyright 1987-2020 thierry Ehrmann www.artprice.comwww.artmarket.com

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About 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: https://en.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 ©:

https://imgpublic.artprice.com/img/wp/sites/11/2019/10/biographie_oct2019_WhosWho_thierryEhrmann.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 740,000 artists.

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 4.5 million ‘members log in’ 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 by Artmarket’s 2019 Global Art Market Report published in February 2020 :

https://www.artprice.com/artprice-reports/the-art-market-in-2019

Index of press releases posted by Artmarket with its Artprice department:

http://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:

https://www.facebook.com/artpricedotcom/ (4.9 million followers)

https://twitter.com/artmarketdotcom

https://twitter.com/artpricedotcom

Discover the alchemy and universe of Artmarket and its artprice department http://web.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

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Contact Artmarket.com and its Artprice department – Contact: ir@artmarket.com, thierry Ehrmann

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KITABOO Converts a Textbook PDF Into a Working Student Simulation in Ten Minutes, With No Human Involvement

MUMBAI, India, June 26, 2026 /PRNewswire/ — Ten minutes is all it takes for KITABOO’s new AI capability to analyze a standard textbook PDF, isolate the exact concept students struggle with most, and engineer an interactive simulation around that specific learning friction point.

This automated pipeline instantly transforms flat text into an active digital environment: a physics chapter becomes a pendulum a student can control; an algebra lesson shifts into a digital balance scale; and a biology unit evolves into an ecosystem where students manipulate variables to observe cause and effect. The final output is delivered via a single, shareable URL that anyone can access instantly—no user accounts or logins required.

Publishers globally are sitting on years of curriculum content in PDF format. The quality of that content has never been the problem. The production cost of converting it into something genuinely interactive has been. A full conversion project has historically required a specialist team, a vendor engagement, and months of time. Most publishers have done the math and deprioritised it.

KITABOO’s new capability removes that constraint. By introducing an end-to-end automated pipeline, the platform allows publishers to bypass traditional development bottlenecks:

  • The AI instantly reads any uploaded PDF chapter, determines grade appropriateness, and targets core conceptual friction points.
  • Without any human involvement between upload and output, the system builds tailored, subject-specific simulations using the publisher’s own material.
  • The final interactive asset is delivered via a shareable URL, requiring no logins or user accounts for student access.

“K12 publishers have spent years building content that students deserve to actually interact with,” said Darshit Shah, K12 Lead at KITABOO. “What took a team and a production budget now takes ten minutes. That changes who can afford to go digital, and when.”

The timing matters. In the US, emergency federal education funding that kept many publisher production pipelines running ended in 2024. In Europe, governments are mandating digital transitions and accessibility compliance, while publishers are expected to absorb the cost from existing resources. The publishers who find a faster, lower-cost path to interactive content this year will be positioned for the adoption windows ahead. Those who wait are extending a gap that is already widening.

Publishers who want to test this with their own content can do so at: kitaboo.com/turn-textbook-into-interactive-learning

About KITABOO

KITABOO is a digital publishing and learning platform. The platform enables K12 publishers, educational institutions, and content providers to create, distribute, secure, and measure digital content across web and mobile platforms. KITABOO serves publishers in more than 25+ countries, supporting over six million active users across 7,000 school districts.

For more information, visit https://kitaboo.com.

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11 SPJIMR faculty featured in Ivey Publishing’s 2026 global Bestsellers and Classics cases’ lists

SPJIMR cases ranked among the most widely used teaching materials worldwide, reinforcing the institute’s growing influence in case-based management education

MUMBAI, India, June 23, 2026 /PRNewswire/ — Eleven (11) faculty members from Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research (SPJIMR) are featured in Ivey Publishing’s Bestsellers 2025–2026 list and Ivey Classics 2016–2026 list, which recognise the most widely used teaching cases globally across disciplines.

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These cases earned their place in classrooms because they provoke questions. The ones that endure are those that capture real dilemmas, invite multiple perspectives, and encourage learners to wrestle with uncertainty. This recognition of SPJIMR’s 11 faculty members reflect the value of creating learning experiences that challenge assumptions, spark debate, and help students think more deeply about complex managerial decisions.

Ivey Publishing, the case-publishing arm of Ivey Business School at Western University, Canada, compiles its annual Bestsellers and Classics lists based on classroom adoption data drawn from business schools globally. Cases are ranked by frequency of use within each discipline, making the lists a direct measure of pedagogical impact and educator trust.

With eight ranked positions across six disciplines in the Bestsellers list—Communications, Economics & Public Policy, Entrepreneurship, Management Science, Marketing, and Strategy—the recognition reflects SPJIMR’s sustained contribution to case-based management education in classrooms around the world and the growing relevance of India-rooted business insights.

SPJIMR cases in the Bestsellers 2025–2026 list

Discipline

Case title

SPJIMR faculty

Communications (#1)            

Is That an Order?

Prof. Vineeta Dwivedi and Prof. Tulsi Jayakumar

Economics & Public Policy (#2)

Inflationary Targeting in India: Replace, Rejig, or Reaffirm Targeting?      

Prof. Tulsi Jayakumar

Economics & Public Policy (#3)

Is Japan’s Monetary Policy a Rational Expectations Saga?

Prof. Preeta George and

Prof. Monika Gupta

Entrepreneurship (#6)

Savemom: The Smart Wearable Solution for Maternal Health Care

Prof. Renuka Kamath (with co-author Shrinath V.; PGDM 2007 alum)

Management Science (#3)

Jay Bharat Spices Pvt. Ltd.: A Spicy Quandary          

Prof. Amol S. Dhaigude (with co-authors Shravan M. Parsam and Sidhartha Padhi)

Management Science (#8)    

JSW Steel Ltd.: A Logistics Dilemma        

Prof. Amol S. Dhaigude and Prof. Debmallya Chatterjee

Marketing (#1)           

Snaqary Snacks: Building a Start-Up Brand

Prof. Ashita Aggarwal (with co-author Suraj Commuri)

Strategy (#5)  

Parag Milk Foods: Driving Growth through Brand-Building in India’s Dairy Industry          

Prof. Ashita Aggarwal and Prof. Rajiv Agarwal

The Classics 2016–2026 list recognises the 25 most-used cases of the past decade across a wide range of disciplines and topics, from general management, strategy and leadership to marketing and finance. It includes five SPJIMR faculty members

SPJIMR cases in the Classics 2016–2026 list

Discipline

Case title

SPJIMR faculty

General Management, International Business (#7)

Building a Backdoor to the iPhone: An Ethical Dilemma

Prof. Tulsi Jayakumar and Prof. Surya Tahora

Accounting, Entrepreneurship, International Business (#15)

Anandam Manufacturing Company: Analysis of Financial Statements

Prof. Vinay Goyal (with co-author S.K. Mitra)

Entrepreneurship, International Business, Marketing (#22)

Evoe Spring Spa: A Positioning Dilemma

 

Prof. Ashita Aggarwal and Prof. Renuka Kamath (with co-author Sunil Rao)

This year, Prof. Aggarwal and Prof. Kamath’s case on Evoe Spring Spa is among the four cases that have joined the Ivey Classics list for the first time.

Commenting on the recognition, Prof. Varun Nagaraj, Dean, SPJIMR, said, “Great teaching cases immerse learners in the complexity of decision-making. The global adoption of our cases reflects SPJIMR’s commitment to creating scholarship that is rigorous, relevant, and rooted in real-world challenges. We are particularly proud that many of these cases emerge from Indian contexts yet resonate with educators and students globally. This recognition reinforces our belief that management education is most powerful when it equips learners to navigate ambiguity with judgement, purpose, and responsibility.”

The 2026 recognition is the latest in an unbroken run of Ivey distinctions for SPJIMR faculty. It reflects a commitment to developing cases that are grounded in real business contexts and structured to generate insight that transfers across markets and industries. SPJIMR cases have covered topics as varied as macroeconomic policy, supply chain logistics, brand strategy, and maternal health technology, reflecting the breadth of the faculty’s research interests and their conviction that the classroom is itself a site of serious intellectual inquiry.

For more news and updates, visit our Newsroom.

About SPJIMR

Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research (SPJIMR) is one of India’s leading postgraduate management institutes. It is recognised in the Financial Times MiM rankings as the #35 business school globally and among the Top 3 in India, ranked by Business Today as one of the country’s top five business schools, and rated by the Positive Impact Rating as one of the top five schools worldwide for societal impact. Known for its innovative and socially-conscious approach to management education, research, and community engagement, SPJIMR aims to influence managerial practice and promote the value-based growth of its students, alumni, organisations and its leaders, and society. SPJIMR holds the international ‘Triple Crown’ of accreditations from EQUIS, AACSB, and AMBA.

Visit SPJIMR.org for more information.

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Reliance Digital Launches ‘Baaptaa’, a Father’s Day Campaign Celebrating the Many Expressions of Fatherhood

MUMBAI, India, June 20, 2026 /PRNewswire/ — Reliance Digital has launched ‘Baaptaa’, a Father’s Day campaign to celebrate the many expressions of fatherhood. Built around a simple cultural observation, while “Maa ki Mamta” has long been a part of India’s collective vocabulary, there has never been a word that captures the distinct ways fathers express love, the campaign introduces ‘Baaptaa’ as a tribute to the many shades of fatherhood.

Conceptualised as an original music-led campaign, Baaptaa celebrates fathers not as idealised figures, but as they are experienced in everyday life, protective, dependable, emotional, quirky, practical, occasionally embarrassing, and always present. Through a relatable narrative, the campaign acknowledges the countless ways fathers care for their families, often through actions rather than words.

Watch Video: https://youtu.be/9XyUsJB33Ds?si=PM67vhxrzth1JEkz 

At the heart of the campaign is an original music video told from a father’s perspective, capturing the different roles he plays across life’s moments and milestones. The film brings to life the humour, warmth and unspoken affection that characterise father-child relationships, while giving a name to a form of love that many recognise but few have articulated.

The campaign stems from a simple insight: while motherhood has often found expression through familiar phrases and popular references, the unique language of fatherhood has remained largely undefined. Baaptaa seeks to fill that gap by creating a term that reflects the everyday gestures, practical wisdom and quiet sacrifices that fathers make.

Father’s Day communication often leans into familiar emotional territory, but Reliance Digital’s campaign celebrates fathers in a way that feels more culturally authentic and relatable. The idea for ‘Baaptaa’ came from a simple observation — mother’s love has been immortalised in a number of heartfelt, emotional songs, there needed to be an anthem dedicated to dad’s love. And thus was born Baaptaa – a love language that is often awkward, practical, protective, humorous and deeply felt, even if rarely verbalised. It’s a celebration of fatherhood in all its wonderfully imperfect forms immortalized by a song that you won’t be able to stop humming.

Shop for the widest range of electronics at Reliance Digital and thank your father for his Baaptaa.

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