The United Kingdom’s historic art scene has embraced technology such as artificial intelligence, as it evolves to compete with growing markets such as China. CNBC met with the new generation of artists, dealers and experts shaping the future of London’s art market.
The United Kingdom’s historic art scene has embraced technology such as artificial intelligence, as it evolves to compete with growing markets such as China.
While the United States and China hold the number one and two spots respectively, the U.K.’s contribution to the art market is nothing to be sniffed at – holding 17% of the global share, according to the Art Basel and UBS Art Market Report.
London is widely regarded as the art hub of Europe, and its biggest art fair, Frieze, boasted 90,000 visitors in 2024.
“We have been going for 21 years now, and it’s a meeting point,” said Eva Langret, Director of Frieze London, in an interview …