LA Modern Auctions (LAMA) is hosting a two-part auction event on September 12th and 13th featuring The Collection of Shawn & Andrew Hosner of Thinkspace LA. The collection, which includes artworks by renowned artists such as Banksy, KAWS, and Shepard Fairey, showcases the Hosners’ fearless and intuitive approach to collecting and their involvement in contemporary art movements over the last two decades. As Thinkspace LA approaches its 20th anniversary in 2025, this auction serves as a means to support the gallery’s continued programming.
Potential Future Trends in the Art Industry
1. Increased Digitalization
With the advancements in technology and the rise of the internet, it is expected that the art industry will become more digitized in the future. Online art platforms and virtual galleries have already gained popularity, allowing artists to showcase their works to a wider audience and sell art online. This trend is likely to continue, making art more accessible to people around the world.
2. Growing Interest in Contemporary Art
Over the years, there has been a significant shift in the art market, with a growing interest in contemporary art. Collectors and art enthusiasts are seeking out artworks that reflect current societal issues and cultural movements. This trend is expected to continue, with contemporary artists gaining more recognition and demand in the market.
3. Emphasis on Sustainability and Social Impact
As global awareness of environmental issues and social impact grows, there is an increasing emphasis on sustainability in the art industry. Artists and galleries are adopting eco-friendly practices, using recycled materials, and creating artwork that promotes sustainability and social change. This trend is likely to continue as more artists and collectors prioritize supporting socially responsible initiatives.
4. Integration of Artificial Intelligence
The use of artificial intelligence (AI) in the art industry is another potential future trend. AI algorithms can analyze patterns and trends in the market, helping collectors, galleries, and artists make informed decisions. AI can also be used to create original artwork or assist artists in their creative process. This integration of technology and art is likely to evolve and shape the future of the industry.
Unique Predictions and Recommendations
Based on the current trends and developments in the art industry, here are some unique predictions and recommendations:
- Invest in emerging artists: With the growing interest in contemporary art, investing in emerging artists can yield significant returns in the future. These artists often have unique perspectives and styles that resonate with changing societal values.
- Explore online art platforms: As digitalization continues to expand, online art platforms offer opportunities to discover and collect art from around the world. Exploring these platforms can broaden your art collection and support emerging artists.
- Promote sustainability: In an era of increasing environmental awareness, supporting artists and galleries that prioritize sustainability can contribute to positive change. Look for artworks created using eco-friendly materials or those that address environmental issues.
- Embrace AI as a tool: Rather than fearing the integration of AI in the art industry, artists and collectors should embrace it as a tool that can enhance the creative process and provide valuable insights. Collaborating with AI can lead to innovative and groundbreaking artworks.
As the art industry continues to evolve, it is crucial for collectors, galleries, and artists to adapt to emerging trends and technologies. By staying informed and embracing new opportunities, the industry can thrive and continue to inspire communities around the world.
References
- Chang, J. (2021). The Future of Art: Four Trends to Watch. Retrieved from https://www.sothebys.com/en/articles/the-future-of-art-four-trends-to-watch.
- Gores, C. (2021). Digital Art Trends 2021–2022. Retrieved from https://ade.digital/inspiration-and-tips/digital-art-trends-2021.
- Lieberman, R. (2020). From the rise of AI to affordable art: experts make their predictions for the future of the art market. Retrieved from https://www.creativereview.co.uk/art-future-predictions/.