Summarize this content to 2000 words in 6 paragraphs in Arabic The art market is drawing to the end of another difficult year, but has likely \u201chit the floor\u201d, says Lindsay Dewar, head of analytics at ArtTactic. Her research company finds that total sales at evening auctions, which account for the bulk of value, fell 33 per cent in 2024 to date at Christie\u2019s, Sotheby\u2019s and Phillips in New York, London and Hong Kong. These had already dropped by 31 per cent in 2023. While macro, global uncertainties persist, Dewar says that \u201cthere are signs the market\u2019s tone is shifting\u201d, given the solid November sales season, where \u201c35 per cent of lots exceeded their mid-estimates, and several new artist records [were] set\u201d.A similar pattern emerged with shipments around the world this year, says Simon Hornby, senior vice-president of specialist logistics company Crozier, with a \u201cstronger pick-up\u201d in the fourth quarter, including outside of art fairs. Business in Paris has been markedly strong this year, he says, \u201cincluding art from South America, Brazil and west Africa \u2014 adding a flavour to the market that has not been seen in London\u201d.In general, though, \u201cauction houses and commercial galleries have become much more price-conscious in terms of our services\u201d, Hornby says, as fixed costs have risen with inflation across all industries. Consequently, late payments have become more of an issue for shippers. \u201cWe are keeping a very close eye on our receivables,\u201d Hornby says, adding that \u201cservice providers are not bankers\u201d.One major item still to come to auction this year is the oldest known copy of the Ten Commandments, inscribed on marble and dated between 300AD and 800AD, on sale at Sotheby\u2019s for between $1mn and $2mn on December 18.New York\u2019s Salon Art + Design fair, founded in 2012, will open a second edition in Dallas next year. It will run from March 26-30, with organisers taking two floors for about 35 exhibitors in The Block House, built in 1941 as a Masonic Temple in downtown Dallas. Other fair organisers are looking to the fast-growing Texas communities for expansion \u2014 last month, Miami\u2019s Untitled Art announced an edition in Houston.Salon\u2019s move marks the next chapter for the fair, one of four brands in the Sanford L Smith + Associates stable and including the long-standing ADAA Art Show. Smith died earlier this year and, says Nicky Dessources, executive director of the Salon fairs, \u201cexpanding was something he and we always wanted to do\u201d. Dallas, she says, is a city that exhibitors had cited as \u201csignificant\u201d, and her new edition falls the week before the established Dallas Art Fair for modern and contemporary art. \u201cDesign is becoming part of the same conversation as fine art and we want to continue to contribute to this transition.\u201d\u00a0Rebecca Wei is setting up her own art advisory firm now that L\u00e9vy Gorvy Dayan gallery \u2014 whose Asia operations Wei ran from 2020 \u2014 has closed in Hong Kong. Wei & Associates opens next week with an office and viewing room in Hong Kong\u2019s Central New World Tower and with a team including experts based in Tokyo, Taipei and London. Its focus will be on 20th- and 21st-century paintings priced over $1mn, Wei says.Previously Christie\u2019s president and chair of Asia for eight years, Wei joins other ex-auction house experts such as Patti Wong and Yuki Terase on Hong Kong\u2019s growing advisory scene. \u201cThere are lots of art advisers with similar backgrounds in London and New York. Now that the auction houses are in their own buildings, and the Hong Kong season is 365 days a year, clients need more help,\u201d she says.\u00a0Wei will continue to have a \u201ccollaborative relationship\u201d with L\u00e9vy Gorvy Dayan, meaning that \u201cwe will give each other priority\u201d, she says, \u201cdepending on our clients\u2019 needs\u201d.London\u2019s recent season of Old Masters auctions felt thin in terms of its consignments but nonetheless performed above estimates \u2014 something of a rarity in 2024. Christie\u2019s made a total \u00a311.3mn from 23 lots on December 3 (\u00a314mn with fees, est \u00a37.2mn-\u00a310.6mn). These were topped by a 17th-century, two-sided painting by Sir Anthony van Dyck, which hammered for a within-estimate \u00a32.8mn (\u00a33.4mn with fees). Later in the sale, the 18th-century \u201cGuilty Punchinello\u201d by Giambattista Tiepolo was bought by the Louvre in Paris for \u00a32mn (\u00a32.5mn with fees, est \u00a31mn-\u00a31.5mn).\u00a0Sotheby\u2019s made a total \u00a320.6mn from 25 lots the next evening, which combined Old Master works and 19th-century fare (\u00a324.2mn with fees, est \u00a313.1mn-\u00a319.4mn). Results were boosted by a battle for Sandro Botticelli\u2019s \u201cThe Virgin and Child Enthroned\u201d, which sold for \u00a38.6mn (\u00a310mn with fees, est \u00a32mn-\u00a33mn). The painting was recently fully attributed to the Renaissance artist rather than his workshop, and dated to c1470.\u00a0As art exhibitions increasingly venture to unusual places, a trio of curators has taken the pop-up to its logical conclusion: showing in an Airbnb rental in London.\u00a0The site-specific exhibition is named after its venue\u2019s listing \u2014 *New* cosy 1 bed home | Shoreditch | Long Stays \u2014 and will have work by 12 contemporary artists that address the notion of \u201chome\u201d, including the impact of today\u2019s gig economy on housing (January 16-March 9 2025, 331 Bethnal Green Road). All areas of the flat will be used, including the bathroom and kitchen, says Charlotte Seux, one of the curators and exhibiting artists.The idea came about because \u201ctrying to find short-term, accessible space in London is extremely difficult\u201d. They are paying \u00a38,000 for a two-month rental, Seux says, supported by the collections management company Wari Art and curatorial platform Project Space.Their Airbnb host knows about the exhibition. The listing gets five-star reviews, though one recent resident reports that \u201cthe sound of the underground trains can be heard inside the apartment\u2009.\u2009.\u2009.\u2009If you\u2019re a light sleeper, bring earplugs!\u201d\u00a0The Art Market column takes a seasonal break and will be back in JanuaryFind out about our latest stories first \u2014 follow FT Weekend on Instagram and X, and subscribe to our podcast Life & Art wherever you listen<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic The art market is drawing to the end of another difficult year, but has likely \u201chit the floor\u201d, says Lindsay Dewar, head of analytics at ArtTactic. Her research company finds that total sales at evening auctions, which account for the bulk of value, fell<\/p>\n","protected":false},"author":1,"featured_media":149915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":{"0":"post-149914","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/149914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=149914"}],"version-history":[{"count":1,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/149914\/revisions"}],"predecessor-version":[{"id":149916,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/149914\/revisions\/149916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media\/149915"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=149914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=149914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=149914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}