Kathryn Tully from Priceless breaks down the opportunities and perils of this new segment in the action house line up.
One of the bright spots of last year, in the art market, at least, was that a new generation of young and diverse artists were in the spotlight. Collectors, galleries and museums alike wanted to support the work of new and emerging artists, and belatedly, of many more women artists and artists of color.
These young artists have been generating so much attention recently that the art market has come up with the new categorization just for them – the Ultra Contemporary art market. It’s so new that the jury is still out on exactly how old an Ultra Contemporary artist is – some say it is artists under 40, while others says it is artists born after 1975. Either way, it wasn’t long ago that these artists were lumped together in the large and wooly Post War and Contemporary art category, with all art produced after 1945.
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https://priceless.substack.com/p/how-to-buy-ultra-contemporary-art