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Online auctions 2017: design trends and insights from Barnebys

How has global demand for the most sought-after designers changed in last decade? A new report from leading art and auction search engine Barnebys reveals some surprising trends.

Online auctions 2017: design trends and insights from Barnebys
Barnebys

The report, ‘Barnebys 2017 Online Auction Report: 15 Designated Designers – Trends and Insights’, focuses on the development of the global market for fifteen of the most sought-after names in contemporary design.

Among other things, the report reveals astonishing growth in demand for 20th century design, with the market for design increasing by almost 330 percent between 2009 and 2016.

“Today, anyone can get their hands on iconic design furniture for a very modest price, while international collectors continue to pay millions for furniture and design objects of the highest quality,” says Pontus Silfverstolpe, co-founder of Barnebys, the leading online search service for arts, antiques and rarities.

The report’s findings are based on an analysis of more than 31 million realised auction prices from 315 auction houses in 29 countries. It focuses on works by 15 ‘designated designers’ from Denmark, France, Finland, Sweden, and the United States and estimates their total market value in 2016 at €38.3 million.

The growth is due in large part to the increased transparency and access that comes with online auctions, which provide more opportunities for more people to buy iconic design furniture.

''Barnebys has opened the auction industry to the masses, making a world of unique, quality items available to everyone,” adds Silfverstolpe.

According to the report, collectors are paying considerable attention to design, with prices on a limited supply of unique, high-end design pieces getting boosted to fine-art market status in some cases.

And while established designers may drop in price, collectors continue to hunt for the next trendy designer in hopes of finding a diamond in the rough that could pay big dividends later on.

“Buying design is a better investment than, say, buying art, no matter what the price range,” says Barnebys co-founder and CEO Christopher Barnekow. “Achieving a more personal, beautiful interior is a bonus.”

Find your own design treasure with Barnebys

This article was produced by The Local Client Studio and sponsored by Barnebys.

ART

Stockholm’s giant penis mural to be covered up after complaints

A giant blue penis painted on a Stockholm apartment building is to be covered up after just one week, the company which owns the building has said.

Stockholm's giant penis mural to be covered up after complaints
The penis was painted in blue with a yellow background, perhaps reflecting Sweden's national colours. Photo: Photo: Hugo Röjgård/Graffitifrämjandet
Atrium Ljungberg said it had come to the decision after receiving a barrage of complaints about the five-story high depiction of a bulging erection.  
 
“Of course we care about artistic freedom, but at the same time we must respect the opinion of our closest neighbours,” Camilla Klint, the company's marketing head, said in a statement. 
 
“By letting it remain for a short period, we are offering anyone who's interested a chance to experience the work.” 
 
The company said that it had been given no prior warning that a giant penis was about to appear on one of its blocks. 
 
“On Wednesday morning, April 11th, we saw  Kollektivet Livet's new work for the first time, at exactly the same moment as all the other people who live on Kungsholmen did,” it said in its statement.  
 
Under their arrangement, the artist collective had total artistic freedom over the works it commissioned for the wall, at Kronobergsgatan 35 on the central Stockholm island of Kungsholmen.  
 
The decision will come as a disappointment to the artist Carolina Falkholt. Her first giant penis painting, which she plastered on a wall in the Lower East Side of Manhattan in December, lasted only a few days. 
 
She said on Wednesday that she expected her native Swedes to be more receptive. 
 
Atrium Ljungberg did acknowledge that many appreciated the painting. 
 
“Some people are positive about the work and see it as playing an important part in the debate around sexuality, the body and gender,” the company wrote.
 
“Others, particularly neighbours, have received the work less well, and experience it as offensive.”
 
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