What is “ultra-contemporary” art?
<p>“Ultra-contemporary” has been thrown around in the art world for several months now, but it’s significance has been brought forth once again following the Frieze London art fair. Let’s dive into what it means how the impact it has on the art market.</p>
<h2>What is <em>ultra-contemporary</em>?</h2>
<p>Typically it is used to refer to artworks made by young artists under 40 years old. While this kind of definition can seem a bit agist, this helps us understand that <strong>ultra-contemporary = not established artists</strong>. These are works recently made by young, up-and-coming artists.</p>
<h2>Recent trends in the market</h2>
<p>There has been an insane uptick in interest for ultra-contemporary art within the last few years. In Artnet’s recent Intelligence Report, they report that global sales for ultra-contemporary art have risen from around $110 million in 2018, to nearly $750 million in 2021. Individual artists are receiving unprecedented success as well.</p>
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