Click Here for a List of the 269 Galleries and Dealers Showing at Art Basil Miami 2016

21 of them are new to the fair, which will run December 1–4.

Some 77,000 people attended the fair’s 14th edition in 2015...

The 2016 exhibitors come from 29 countries, from Argentina to the United Kingdom. Among the first-timers are New York’s JTT and Callicoon Fine Art; Various Small Fires, from Los Angeles; House of Gaga, from Mexico City; Edouard Malingue Gallery, Hong Kong; and Simões de Assis Galeria de Arte, from Curitiba, Brazil.
— Brian Boucher, artnet News, September 6, 2016

Format Magazine's "The Best Fine Art Contests and Prizes of 2016"

For artists looking to enter competitions that are worth their wild, here's a comprehensive list of potentials provided by Format Magazine. It also does a great job summarizing the the main ideas, guidelines, deadlines, and fees involved. However, be forewarned that joining competitions may cost hundreds of dollars over the course of a year, unless you only sign up for the free ones on the list...which we have extracted for further examination below: 

Frieze Artist Award

Deadline: February 2016
Fee: None
Prize: £20,000 for project production

The Frieze Artist Award is a major opportunity to present ambitious, site-specific work as part of the Frieze Projects programme. The Award is open to UK and international artists between 25–40 years of age.

Artists are invited to propose a new work to be realized at Frieze London 2016 as part of its critically acclaimed Frieze Projects programme, produced under the guidance of curator Raphael Gygax and the Frieze Projects team. If chosen, your project is given £20,000 to be created.

Tip from StudioYU: The link to the Frieze Projects Program, where the application should be, is redirected back to the Frieze website during off season, but applications should be open in December as this 2016 press release indicates. This contest is more installation and design oriented, and geared towards UK artists.

The Academy Center of the Arts Annual National Juried Art Exhibition

Deadline: February 2016
Fee: Free
Prize: $1000 for Best in Show, plus more cash prizes

The Juried Art Exhibition is sponsored and held at The Academy Center of the Arts, which provides educational resources and community enrichment through arts initiatives. Its ultimate goal is to serve as an educational resource and improve public safety and economic development in underserved neighborhoods in the US.

Tip from StudioYU: THIS IS NOT FREE. There's a membership fee of $65, which includes a discount to enter the contest. Open to US residents only, 18 years age and up. As the link is broken, probably because it's down season, not much more can be found about the contest specifically.

The Artist’s Magazine Annual Art Competition

Deadline: April 2016
Fee: free
Prizes: $24,000-$100 each

The Artist’s Magazine Annual Art Competition awards are open to artists anywhere in the world working in traditional media. Only two-dimensional, original artwork, conceived and created by the entrant, will be considered, meaning mixed media cannot exceed an inch in depth. 

Tip from StudioYU: There is a $20-$30 per image entry fee, if you're an early bird! Clearly, this is also NOT FREE. The deadline is usually the beginning of May, notified by August for publication.


The notion of "spending money to make money" is abundantly evident in these art contest models. The words "contest" or "competition" also seem to be a euphemism for "pay us to maybe show your work." Nonetheless, there are a few gems on the list, such as ArtPrize, which waives your entry fee for the next year if you don't find a vendor who will show your work, or Southworks, where artwork is judged anonymously, "without the chains of status or reputation." Our recommendation is to always read the Terms and Conditions thoroughly before proceeding, that is, assuming your work fits their requirements. 

PS. Applications to show on StudioYU is ABSOLUTELY FREE.

Tax Break on Art Purchases: Temporarily Loan Them to Art Museums in Certain States First

Beyond the benefit to museums, this lucrative, little-known tax maneuver has produced a startling pipeline of art moving across the United States as collectors cleverly - and legally - exploit the tax codes.
— Graham Bowley and Patricia Cohen, New York Times

Published April 12, 2014. An oldie, but relevant and interesting nonetheless. For full article, please follow title link or click here.

From WSJ: Art's New High-Tech Patrons

An oldie from 2013, but still relevant nonetheless:

Mr. Breyer, a board member of the San Francisco Museum of Modern Art, finds parallels between art and startups. He loves taking a chance on lesser-known talent and often visits galleries while traveling abroad on business. He particularly admires artists like Picasso who show the capacity to reinvent themselves. ‘It’s a personal characteristic not only of the artists I gravitate to but the entrepreneurs,’ he said.
— Ellen Gamerman, Wall Street Journal

Detailed article and video post here.

Source: http://www.wsj.com/articles/SB10001424127887323384604578328121811415726

Art Commodified: An Art Flipper Made 220% on This Painting in Six Months

Quick resales are more common in the emerging art segment of the market, where works by unknown artists are traded with little risk in return for possible outsized gains. In May, 108 artworks created in the past three years were sold at the three auction houses, according to Artnet. They tallied $27.7 million in sales.
— Katya Kazakina, Bloomberg Business

Published June 2, 2015. For full article, please click here.

Source: http://www.bloomberg.com/news/articles/2015-06-02/art-flippers-target-masterpieces-as-french-painting-gains-220-

How Much Artists Make in a $4 Billion Market with a Growth Rate of 21.5%

According to Deloitte and ArtTactic's 2014 Art and Finance Report, contemporary art sales have been growing by 21.5% annually, reaching $3.3 billion in the top 2 auction houses alone.

Sale of post-war and contemporary art by artists born after 1945 over the last 13 years. Please note: This count does not include sales from other auction houses, like Phillips, or private galleries and art dealers.

Sale of post-war and contemporary art by artists born after 1945 over the last 13 years. Please note: This count does not include sales from other auction houses, like Phillips, or private galleries and art dealers.

Nowadays, artists are reported to make a combined total of 1.5 billion euros (about 1.6 billion US dollars), 1.3 billion euros of which go to the top 500 in the world, according to ArtPrice.com. That means the remaining population of artists share about 200 million euros (or 216 US dollars)  in combined income.

Please note: amount recorded in euros and converted to USD using the January 2016 exchange rate of 1 Euro = 1.08 USD. Contemporary Artists' salary seem to have grown dramatically over the last 10 years, but half of the amount made goes to the top 50 artists in the world, 90% to the top 500 artists. 

Please note: amount recorded in euros and converted to USD using the January 2016 exchange rate of 1 Euro = 1.08 USD. Contemporary Artists' salary seem to have grown dramatically over the last 10 years, but half of the amount made goes to the top 50 artists in the world, 90% to the top 500 artists. 

So what does that leave for the rest of the artists in the world? Here's a sobering perspective from Don Thompson's book, The Supermodel and the Barillo Box:
• 80000+ artists in New York and London alone, not including the growing Chinese artists population.
• 400 (0.5%) might show in galleries and make 6-7 figures annually.
That' leaves 79600 (99.5%) part-time, budding, under-the-radar artists.

With these odds, it's no wonder that most artists are not doing it for the money, and are simply driven by passion and love of the craft. We applaud the 99.5% and aspire to increase the odds.