Art: While the pandemic has had a lasting effect on creative markets, it has also accelerated the virtual presence further.

Elite exhibitions like Art Basel and Frieze have adjusted to the 'new normal' by telephone bidding wars, online viewings and Zoom technology.

Art :While the pandemic has had a lasting effect on creative markets, it has also accelerated the virtual presence further.
Elite exhibitions like Art Basel and Frieze have adjusted to the 'new normal' by telephone bidding wars, online viewings and Zoom technology.

World-famous auction house Sotheby's predicts a few changes in the market this year for ARTNews.

Sotheby's predictions for 2021: 

A Rise in the Asian Market: 2020 saw younger buyers in Asia participate in cross-country auctions. This trend will continue into 2021.

A Rise in African Art Hubs as New Attractions: Various hubs in Africa are prepping to become the new destination for the arts- from cities like Cape Town to Lagos and Benin City, where world-class institutions are underway.

A Larger Virtual Audience: This will allow works to be seen by a much larger number of clients, no matter where they are in the world, driving more sales.

Sustainability: This will incorporate small changes that go a long way like getting rid of print catalogues to excess packaging in art shipping.

Go Local: As Covid-19 brings travel restrictions, people will gravitate towards local museums and the regional culture represented by artists in their communities.

New Venues: The world is aching for social interaction once again which is why the new set of venues will be far more unique and innovative in a post-pandemic world.