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Artprice: Events Marking Gustave Courbet’s Bicentennial Could Stimulate His Market

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6 years ago

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Gustave Courbet was born on 10 June 1819 in Ornans, a small town in Franche-Comté that has been home to the Courbet Museum since 2013. This Monday, to mark the bicentennial of the birth of this major artist (more in terms of Art History than on today’s market…) the museum is opening an exhibition entitled “Yan Pei-Ming face à Courbet” that shows works by the painter of the Origin of the World alongside works by Chinese painter Yan Pei-Ming, who has been living in Dijon since 1980.

Some of Courbet’s self-portraits (The Desperate Man, The Wounded Man) and genre scenes (Burial at Ornans, Bonjour Monsieur Courbet [The Meeting]) are among the most famous paintings in art history. But Courbet’s œuvre also consists, above all, of a large number of landscapes and hunting scenes. Throughout his life, Courbet continued to paint what he really wanted to paint, true to his origins and to a fundamental attraction to woodland scenes, craggy cliffs and seascapes. It’s these works that make up the bulk of his auction market nowadays.

According to thierry Ehrmann, founder/CEO of Artprice: “Sometimes dark, sometimes radiant, there is something quintessentially contemporary about Courbet’s painting. In 2014, the Fondation Beyeler exhibited his works alongside works by market superstar Peter Doig who claims to have been heavily influenced by Courbet. We also know that Jeff Koons counts among his greatest admirers and also collects his paintings.”

Gustave Courbet’s work has been popular outside France for a very long time. His thirteen best auction results were all hammered in England and the United States and his current auction record – $15.3 million for Reclining Nude (1862) – was set by Christie’s New York in 2015. An exceptional amount for an exceptional painting. Confiscated in 1943 by the Nazi regime, it was returned to the heirs of Baron Ferenc Hatvany 62 years later. It was subsequently shown in the major Gustave Courbet retrospective presented at the Grand Palais in Paris, then the New York MET in 2007/2008.

However, that result was, and has remained, quite exceptional because Courbet’s larger works are extremely rare at auction: less than 2% of his auction lots reach the million-dollar threshold. The core of his market consists of works fetching between $10,000 and $200,000, mostly small oils-on-canvas, landscapes measuring less than a square metre. Courbet’s œuvre is almost entirely painted; only 20 drawings and 9 engravings have been auctioned since 2000, versus 352 paintings.

Like most 19th century artists, Gustave Courbet’s market is relatively immune to Art Market euphoria. But that hasn’t always been the case. His prices have stabilized over the last 30 years after enjoying extremely rapid growth in the 1980s. The successive sales of his painting Lisière de forêt (Forest Edge) (1865) – sold seven times at auction since its creation – perfectly illustrate the evolution of his market:

  • 20 April 1874 – FFr2,400 – Paris
  • 18 June 1917 – Dfl4,500 – F. Mueller, Amsterdam
  • 3 April 1974 – £9,500 – Sotheby’s London
  • 28 November 1988 – £110,000 – Christie’s London
  • 31 October 2000 – $82,750 – Sotheby’s New York
  • 24 October 2006 – $162,000 – Sotheby’s New York
  • 8 November 2013 – $118,750 – Sotheby’s New York

The sales history of this work illustrates three major characteristics of Gustave Courbet’s market:

  1. An exponential increase in prices before 1990, followed by a period of relative and volatile contraction
  2. A geographical shift of his market from Europe to the United States
  3. A progressive acceleration of exchanges with 43, 57, 12, 12, 6 and 7 years between each sale

The most intense period of price growth corresponds to the Impressionist bubble of the 1980s, which economists have linked to the strong growth in the purchasing power of Japanese buyers who focused their acquisitions on European works from the second half of the 19th century and the beginning of the 20th century. It was at this time (29 October 1987) that Japanese collector Michimasa Murauchi acquired Le Chêne de Flagey (The Oak at Flagey) (1864) for $462,000at Sotheby’s in New York. Five years ago, the Courbet Museum in Ornans managed to acquire the work, but it had to pay $5.5 million, i.e. 10 times more than its 1987 price.

The Oak at Flagey is a much larger canvas than Forest Edge (1865), but the difference in price between the two works in the late 1980s ($462,000 for the former, $198,000 for the latter) was much smaller than it later became in 2013 ($5.5 million versus $118,750). Congratulations to Murauchi for making such a superb acquisition in 1987. The following year the price of Forest Edge($192,000) was probably already inflated by the impressionist bubble. Over the past 30 years, the price of this painting has fluctuated, while that of the The Oak at Flagey, on the contrary, has soared.

 

SOURCE Artprice.com

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Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities

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4 hours ago

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December 27, 2024

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DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.

With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.

Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.

Why Tonstakers Matters: The First of Its Kind
Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:

  • Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.
  • Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.
  • Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.

“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”

Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

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For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
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Yaber Achieves 100% YOY Sales Growth during Black Friday and Gears Up for CES 2025

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December 27, 2024

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LAS VEGAS, Dec. 27, 2024 /PRNewswire/ — Yaber reported a remarkable 100% year-over-year sales surge during Black Friday. The T2 outdoor projector, featuring a built-in battery and handle-to-stand design, ranked among Amazon’s Top 3 “Most Wished For” list. Meanwhile, the L2s projectors, available in exclusive Pantone colors, sold out shortly after launch.

Yaber T2 projector is currently available at Christmas sale on Amazon and the official Yaber website. Meanwhile, pre-orders for the L2s projectors in exclusive Pantone colors will reopen in mid-January 2025.

This year, Yaber further expanded its global retail presence, debuting at the iconic Selfridges in the UK and securing placements in MediaMarkt across EMEA, Canada’s London Drugs, Saudi Arabia’s EXTRA, Belgium’s FNAC, Greece’s PUBLIC, Czech Republic’s Datart, Japan’s Bic Camera and Yodobaxi, and Malaysia’s premier IOI City Mall and Plaza Low Yat.

Looking ahead, Yaber is set to unveil its first ultra-short-throw laser projector and a new Keith Haring-inspired entry-level model at CES 2025. The launch event will take place at 4:00 PM PST, January 6, 2025 at Caesars Palace, Las Vegas. Visit Yaber’s booth in South Hall 1-30808 at Las Vegas Convention and World Trade Center (LVCC) from January 7-10 to discover more.

About Yaber

Founded in 2018, Yaber redefined home entertainment by introducing the world’s first entertainment projector, pioneering a new category in the industry. Today, its innovative projectors have delivered immersive experiences to users in over 120 countries, making Yaber a trusted name in global home entertainment.

The letter “Y” in Yaber embodies the youthful vigor and innovative spirit of Generation Y. It’s not just a symbol, but a unique representation of youth identity and attitude towards life, infusing the brand with rich cultural connotations of youthfulness within simplicity.

Committed to excellence, Yaber has been pushing the boundaries of audiovisual innovation, crafting projectors that inspire richer, more vibrant lifestyles. Its achievements are recognised with prestigious accolades, including the Red Dot, IDEA, VGP, and CES Innovation Awards.

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Xinhua Silk Road: Conference on deepening financial openness and co-op in Northeast Asia held in NE. China’s Shenyang

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9 hours ago

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December 27, 2024

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BEIJING, Dec. 27, 2024 /PRNewswire/ — The 2nd Northeast Asia Finance Conference and 2024 “Revitalizing Liaoning with Finance” Excellent Cases Release kicked off on Tuesday in Shenyang, capital of northeast China’s Liaoning Province, aiming to further deepen financial openness and cooperation in the Northeast Asian region and advance construction of a regional financial center.

The main forum held a series of activities, including an opening ceremony, two round-table dialogues on “finance + biomedical industry” and “finance + cultural industry”, a symposium for foreign financial institutions, a seminar on innovative development of financial clusters, a forum on development of technology and finance, a forum on industrial low-carbon transformation and financial innovation, as well as an enterprise project roadshow and industry-finance matchmaking event.

During the conference themed on “accelerating the construction of a regional financial center in Northeast Asia and creating a new highland for opening up”, excellent cases of revitalizing Liaoning through finance in 2024 were unveiled and the index for core areas of regional financial centers in northeast China was released.

The conference also held an unveiling ceremony for the upgrading of the Shenyang finance and trade development zone to a national-level development zone, and a launch ceremony of a platform for Shenyang industrial insights and decision analysis.

The conference was co-hosted by China Economic Information Service, Liaoning Branch of Xinhua News Agency, Shenhe District People’s Government, Shenyang local financial administration under guidance of Shenyang Municipal People’s Government and Liaoning local financial supervision and administration bureau.

Original link: https://en.imsilkroad.com/p/343777.html

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