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The surge in online sales has markedly invigorated the lower echelons of the art market, potentially sounding the death knell for traditional showroom auctions, according to the chief executive of Artprice, a leading market analysis firm, which unveiled its annual report this month. Artprice reported a decline in the number of high-profile auctions in 2023 compared to the preceding year, resulting in an overall turnover reduction of 14%, settling at $14.9 billion. Nevertheles

The dynamic realm of Non-Fungible Tokens (NFTs) continues to captivate and evolve, overcoming recent challenges to herald an anticipated era of substantial growth. Despite adversities like workforce reductions at OpenSea, projections indicate a robust surge from $1.6 billion in 2023 to a staggering $3.2 billion by 2027. This comprehensive exploration delves into the multifaceted aspects of the current NFT market, shedding light on key indicators, transformative potentials, re

The realization of UNESCO's prospective virtual museum featuring pilfered cultural artifacts has advanced significantly. UNESCO, formally known as The United Nations Educational, Scientific and Cultural Organization, has entered into a collaboration with international entities, including Interpol, for the creation of this museum, which is budgeted at $2.5 million. The initial tranche of financing for this ambitious initiative has been generously provided by Saudi Arabia. In a