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As the art market shows signs of slowing, London is looking to attract a new generation of art buyers — and showcase young emerging artists in the process. Global art sales slid 4% year-on-year in 2023, according to the Art Basel & UBS Art Market Report 2024, falling to $65 billion after two years of growth. But now we are seeing more the 25- to 35-[year-old] buyers," he told CNBC's "The Art of Appreciation." HOFA represents artist Sougwen Chung, who uses a robot Chung designed to co-create work. "It was really, really interesting, because we could see my own stylistic input, my own decision making … transferred and translated into a machine system," they said.
Persons: Elio D'Anna, CNBC's, HOFA, Sougwen Chung, Chung, DOUG, Organizations: Art Basel, UBS Art, of Fine, CNBC, MIT Media Lab Locations: London, London's Mayfair,
David Paul Morris | Bloomberg | Getty ImagesJust days before assisting in his first major shoulder-replacement surgery last year, Dr. Jake Shine strapped on a virtual reality headset and got to work. Kettering Health Dayton is one of dozens of health systems in the U.S. working with emerging technologies like VR as one tool for helping doctors to train on and treat patients. Since the beginning of last year, Meta's Reality Labs unit, which develops the company's VR and AR, has lost over $21 billion. Meta Quest 3 VR headset. "The first virtual reality headset that I used was this big clunky headset that had all these wires it had to be connected to a laptop to function."
Persons: Mark Zuckerberg, David Paul Morris, Jake Shine, Shine, Zuckerberg, didn't, Jan Herzhoff, Brennan Spiegel, Spiegel, Caitlin Rawlins, Rawlins, there's, Brent Bamberger, Reem, she's, it's, Daboul, PrecisionOS, Danny Goel, Richard Miller, he's, Miller, They're, It's, Goel, Kettering's Bamberger, Rafael Grossmann, Grossmann, Glass, Hollie Adams Organizations: Bloomberg, Getty, Kettering Health Dayton, CNBC, Meta, VR, Facebook, Labs, Apple, Elsevier Health's, U.S . Department of Veterans Affairs, Spiegel, Software, Doctors, PrecisionOS, University of Rochester, Portsmouth Regional Hospital, Google, of Fine Locations: San Jose , California, U.S, Ohio, Sinai, Los Angeles, Cedars, New Hampshire, Mayfair , London
A gallery assistant wearing an Oculus Quest 2 virtual reality (VR) headset to view the House of Fine Art (HOFA) Metaverse gallery stands in front of digital artwork "Agoria, _{Compend-AI-M}_ 2022 #16" during a preview in Mayfair, London, UK, on Thursday, Nov. 10, 2022. Virtual reality hasn't caught on with American teens, according to a new survey from Piper Sandler released on Tuesday. In addition, teenagers didn't seem that interested in buying forthcoming VR headsets. Only 7% said they planned to purchase a headset, versus 52% of teens polled who were unsure or uninterested. Facebook parent Meta is also expected to release new virtual reality headsets later this year.
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