ArtMarket® Insight - what's trending on the art market

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ArtMarket® Insight contents

Amoako Boafo… contagious success [22 Jan 2021]

Acquired by major collectors and American stars, courted by the fashion world and dubbed by museums, Ghanaian artist Amoako Boafo – at just 36 years old – is one of the most sought-after artists of the moment. And it has all happened in just a few months… in the midst of a global pandemic!   […]

The artist is dead… long live the artist! How real is the death effect? [19 Jan 2021]

The art world, or should we say, the art world’s more cynical flank, has become accustomed to referring to the impact of an artist’s death on the value of his/her works as the death effect. So today we ask… do artists’ prices systematically skyrocket after their demise? The ‘death effect’: a cynical calculation or a […]

Hergé, comic strip legend, starts the year with a new record [15 Jan 2021]

Artcurial kicked off 2021 with a sale dedicated to comics that included what Artcurial described as one of the most evocative and enigmatic book covers in the Adventures of Tintin series… a rare drawing that was expected to fetch around 3 million dollars. So how did Tintinophiles react? The patience of Tintin enthusiasts has been […]

Focus on Gerald Chukwuma [12 Jan 2021]

Born in Nigeria in 1973, Gerald CHUKWUMA graduated – with honors – from the University of Nigeria, Nsukka, at the age of 30. At the time, El Anatsui was teaching sculpture there and, although he did not follow his teaching directly, Chukwuma says that meeting El Anatsui had a decisive influence on the development of […]

2021: the best works in January auctions [08 Jan 2021]

The catalogues for the various different top-notch art auctions to be held this January have plenty of inspirational content. At Phillips there will be Contemporary prints by major signatures; at Christie’s there will be works by so-called Outsider artists as well as rare prints, while Sotheby’s will be offering some powerful masterpieces by Old Masters. […]

Focus on Kara Walker [05 Jan 2021]

Alternative stories, irreverent humor, reinterpretations of the past, appeals for a new contemporary conscience… Kara WALKER’s work has quickly found a prominent place in Contemporary art. In 1994, having just graduated from Rhode Island School of Design with an MFA (Master of Fine Arts), her work was shown at the Drawing Center in New York […]

Guerlain Prize: the three nominees [29 Dec 2020]

All in their fifties, the three 2021 Guerlain Prize nominees have all chosen drawing as their primary medium of expression and have mature careers; but they are from very different backgrounds. Martin Dammann is German, Erik van Lieshout is Dutch and Françoise Pétrovitch is French. Since 2006, the Guerlain Prize rewards “a medium that represents […]

Jenny Saville, a brilliant painter [22 Dec 2020]

Warning! Jenny Saville’s art may not be suitable for sensitive souls! The British artist has changed the way women are depicted… with her bodies of abundant and tortured flesh. Creating poignant and impactful images, Saville is one of the most admired painters of our time. Often said to be following in the footsteps of Rubens […]

Flash News: Georges de la Tour, Georges Mathieu and Kudzanai-Violet Hwami [18 Dec 2020]

A good result for a rare painting by Georges de la Tour suggesting renewed interest in Old Masters is continuing; Georges Mathieu (1921 – 2012) attracts a record bid in Hong Kong; and one of Victoria Miro’s latest recruits, Kudzanai-Violet Hwami, stirs the market…  Just some of the art market news in mid-December… Georges de […]

Sotheby’s… stronger together! [15 Dec 2020]

As the year draws to a close, the major auction houses have increasingly pursued a ‘big mix’ (all periods together) strategy. This was definitely the case with Sotheby’s recent New York sale which offered a small but solid catalog of works completely unshackled by divisions into traditional ‘periods of creation’. The art from the past […]

Top results in 2020 [11 Dec 2020]

The years go by… but are never quite the same… Bacon, Hockney and Rothko, who were already in the Top 10 results of 2019, are admittedly still present this year, but Claude Monet and Jeff Koons are absent. The latter two (very different) artists generated a record for Impressionism record at $110.7 million (Claude Monet’s […]

Studio sales… rediscovery and intimacy [08 Dec 2020]

“Delacroix sale: – The sale was a triumph that exceeded the hopes of the artist’s most faithful friends. The results represent one of those posthumous rehabilitations that only our country is capable of. The readers of La Presse should not be surprised by this after the eloquent articles which Mr Paul de Saint-Victor wrote about […]

Sanyu expected in Top 10 for this year [04 Dec 2020]

Christie’s last major sale of the year in Hong Kong was heavily dependent on SAN Yu (1901-1966). On Wednesday, 2 December, Christie’s hosted a multi-period international sale of 20th Century Art featuring works by artists from all the great nations of the global art market. From ZAO Wou-Ki to Joan MITCHELL, from Yayoi KUSAMA to […]

René Gimpel’s Derain scandal [01 Dec 2020]

Lawsuits with theatrically artistic names are a regular feature of the art world and they occasionally spill over into mainstream media: Pissarro’s Shepherdess (since 2016), The despoiled porcelains of the Manufacture de Sèvres (returned to Lucie Jonquet’s beneficiaries in 2020) and – just recently (30 September ) – a successful appeal concerning René Gimpel’s Derain […]

Highlights expected at Christie’s at the beginning of December [27 Nov 2020]

December’s art sales will mark the last salvo of what has been – despite everything – an extraordinary year on the art auction market. Artprice takes a quick look at the most eagerly awaited works on offer as the year’s end approaches. Christie’s Hong Kong… 2 December Visits started on 21 November in New York […]

Focus on Faith Ringgold [24 Nov 2020]

She couldn’t found a gallery for years… but now the major American museums are all looking for a chance to adding the work of this pioneering artist to their collections. Why is Faith Ringgold essential? And what is the best way to buy one of her works?   Artist, activist and author, Faith RINGGOLD (90 […]

Chu Teh-Chun, born 100 years ago, reaches new auction high [20 Nov 2020]

“The inspiration I have followed finds its only source in nature… and its preferred mode of expression is lyricism.” Chu Teh-Chun The poet of pictorial abstraction Chu Teh-Chun would have been 100 years old this year and current tributes are – like his work – grandiose! To mark the occasion, a new documentary film retracing […]

Painting vs sculpture, which category is the most competitive ? [17 Nov 2020]

The most highly regarded living artist on the planet, Jeff Koons has taken contemporary sculpture to the peak of prices, but Contemporary painting has progressed faster than any other Art Market segment. Here is an excerpt from our latest report on 20 years of contemporary art at auction.   Painting… above all The most expensive […]

Focus on Zanele Muholi [13 Nov 2020]

Aged 48, South African artist Zanele Muholi has already had lots of public exposure, received numerous honours and is regularly invited to speak at conferences. In terms of sexual identity, Muholi claims to be ‘non-binary’ and therefore uses they/them pronouns. With an upcoming retrospective at the Tate Modern, Muholi’s photographs are currently in strong demand. […]

Luxembourg Art Week / The Fair … online only! [10 Nov 2020]

Unfortunately, the worrying growth of covid-19 infections across Europe and the latest anti-covid restrictions have put an end to Luxembourg’s plans to host a physical Art Fair. However, Alex Reding, founder of Luxembourg Art Week, has worked hard over the summer in anticipation of the current scenario. Scaled back to a purely digital format, the […]

The Vollard Suite… a case study [06 Nov 2020]

Although Pablo Picasso taught himself the engraving techniques that he mastered, he actually produced more than 2,500 engravings of various kinds. In the 1930s he produced what has come to be known as the Vollard Suite, a series of 100 prints whose themes and styles provide an unparalleled insight into the life of the Spanish […]

A look back over the major October art sales [03 Nov 2020]

Works by Old Masters, Impressionists, Modern artists and Contemporary artists were all on offer in prestige sales that ended a few days ago most of which defiantly ignored traditional  classifications. Christie’s had a Tyrannosaurus Rex skeleton and a painting by Monet, while Sotheby’s offered three sculptural Alfa-Romeos by Franco Scaglione alongside a work by Richard […]

David Chau for ART 021 in Shanghai [30 Oct 2020]

Founded in 2013 by the avant-gardist trio Kelly Ying, David Chau and Bao Yifeng, Shanghai’s ART 021 fair is preparing to open its 8th edition in the Chinese metropolis from 12 to 15 November 2020. No less than 114 galleries have confirmed their participation at the fair, which has emerged as one of the most […]

Updated Art Fairs Calendar for November 2020 [27 Oct 2020]

With the Coronavirus pandemic gaining new ground, the governments of certain countries have introduced tighter health protection measures, including measures limiting the possibilities for travel and social and/or business gatherings. As November approaches, it is clear that the art world is more than ever adopting online solutions rather than physical meetings, and this applies equally […]

Basquiat and Koons account for 12% of the contemporary art turnover [23 Oct 2020]

Over 30,000 artists sell publicly, but the market essentially turns on the top 100. The big names in Contemporary Art attract crowds to museums and lend credibility and prestige to collections, whether public or private. With works valued at tens of millions of dollars, much of the market’s interest is focused on these high-end signatures. […]

A couple of Parisian art fairs resist: Galeristes and ASIA NOW! [20 Oct 2020]

Although all the major Parisian art events have been hastily cancelled (the Fiac, Paris photo and even Art & Museum) other fairs such as Galeristes and Asia Now have confirmed they will be taking place, highlighting the rarity of such events in this very difficult period. Galeristes 2020 The 5th edition of the Galeristes art […]

ART TAIPEI: opening soon [16 Oct 2020]

While many art fairs have been cancelled or postponed around the world, Art Taipei will take place in October (23-26) and will be all the more eagerly awaited for its rarity in the current context. We interviewed its director – CHUNG Ching Hsin – to get a better understanding of Art Taipei’s developments, challenges and […]

Contemporary Art, the primary growth driver of the global Art Market [13 Oct 2020]

Does today’s art auction universe bear any resemblance to what it was 20 years ago? This is the question we asked ourselves through this report. In this year 2020, severely shaken by the coronavirus pandemic, we felt it necessary to take a step back in order to broaden our vision beyond the « lost year » by […]

Victor Brauner… a seer at the Museum of Modern Art in Paris [09 Oct 2020]

Grand Master of the Order of the Platypus, First Class Commander of the Legion of Saturn, an eccentric painter close to the Dada and Surrealist movements… Victor Brauner’s work is being shown at the Museum of Modern Art (MAM in Paris until 10 January 2021. We take this opportunity to recall some of the salient […]

Sanyu’s nudes have become a pillar of Hong Kong Sales [07 Oct 2020]

With four results above the $20 million line over the past two years, Sanyu’s signature is once again at the top of the bill in the Hong Kong’s autumn sales. . An outstanding SAN Yu Nude was the star lot in Sotheby’s Hong Kong sale earlier this week. Described in the catalogue as a “grandiose […]

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