ArtMarket® Insight - what's trending on the art market
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Claire Tabouret enters France’s TOP 10 [30 Mar 2021]
Approaching her 40th birthday, Claire Tabouret is already the most popular living French artist on the art market. A phenomenal success that extends far beyond her native country. Claire Tabouret’s work has been described as expressing “sensitive power” and her paintings are said to convey memory, sensation and vulnerability. Her recent paintings have strong colours […]
The tranquil power of Morandi’s œuvre is still convincing… [23 Mar 2021]
Classical but modern, calm but intense, figurative but minimalist … beyond the paradoxes, Morandi’s paintings evoke a simplicity and immobility that seem at odds with our image-consuming lifestyles and customs. Everything is a mystery said Morandi, ourselves and all things both humble and simple. With rigor, perseverance and modesty, the artist got as close as […]
Phillips hammers record after record in Ultra-Contemporary art [17 Mar 2021]
In the U-C market – that Philips has made a strategic priority – the thirst for novelty seems unquenchable. The success of its New Now sales, mixing established signatures with young artists on auction debuts, just keeps unfolding… Hosted on 3 March last, Phillips’ latest New Now session elicited enthusiasm from all over the globe […]
The Art Market report 2020 [16 Mar 2021]
“The Art Market has now constructed the framework for a new economic model and reached a new equilibrium that the most optimistic projections weren’t expecting before 2025. It is now much better equipped for this ‘other way’ of living and collecting… that of the digital 21st century.” thierry Ehrmann, President and Founder of Artmarket.com […]
Buyer’s premium: is art becoming increasingly expensive? [09 Mar 2021]
2013, 2015, 2016, 2017, 2019 … more or less substantial increases in buyer’s fees are regularly imposed on bidders. The price reached when an auctioneer’s gavel drops – the hammer price – is not the price actually paid for the artwork. Auction houses take commissions, some of which are paid by the buyer who placed […]
News in brief: from Van Gogh… to Beeple [05 Mar 2021]
Beeple drives interest in non-fungible tokens (NFTs) market Will it end up being the most expensive digital artwork of all time? The First 5000 Days (2021) by Mike Winkelmann, aka ‘BEEPLE’, is currently skyrocketing in a Christie’s online auction. On Monday 1 March, four days after the start of the sale, this unique digital collage […]
Picasso… hot ceramics? [02 Mar 2021]
Picasso remains the most sought-after and valued artist in the world. His 2020 auction performance once again elevated him to the global number 1 position, both in terms of auction turnover ($245.4 million) and in terms of lots sold (nearly 3,400). Despite all the upheaval and disruption caused by the coronavirus pandemic, Picasso’s market status […]
Joan Mitchell, the art market’s leading female artist… [26 Feb 2021]
The 17th most successful artist in the world (by 2020 annual auction turnover), Joan MITCHELL is above all the highest ranked female artist (after 16 men). Her annual total for last year exceeded that of hot signatures like Yoshitomo NARA (id: 171599), Yayoi KUSAMA and BANKSY. In the current health crisis, Joan Mitchell has […]
Jean Prouvé… the poet of metal [23 Feb 2021]
On 13 February, AnticThermal in Nancy hosted a an emblematic sale of works created by Jean PROUVÉ (1901-1984) for a house designed and built at the beginning of the 1960s for his daughter and overlooking Saint-Dié-des-Vosges (about 60km from Nancy). The house itself has recently been put on sale for approximately €1.5 million. With its […]
A new American chapter for RX gallery [19 Feb 2021]
The American adventure of French galleries appears to be accelerating! While some ten French galleries have opened in New York over the past 10 years, the most recent – RX gallery – has just inaugurated a new space. New York, with its concentration of major collectors (unparalleled in the West) and its super-fast approach to […]
Japan 2020: a healthy and dynamic art market [16 Feb 2021]
Neighbouring a Chinese market as powerful as that of the United States in terms of auction turnover, Japan generates only 2% of Asia’s total fine art auction revenue. This is of course a relatively small share at the global level, but in national terms its the eighth largest in the world after Italy and Switzerland […]
New Art Fair agenda… starting September [12 Feb 2021]
There are too many unknowns regarding the evolution of the pandemic and contingent travel restrictions for the fairs, initially planned for spring, to go ahead. In recent weeks we have seen numerous schedule changes with events planned for the first semester getting postponed, mostly until after the summer. The management of Art Paris has also […]
Deaccessioning vs. Inalienability: how museums are coping around the world… [09 Feb 2021]
Usually when a museum is mentioned in the context of an auction sale, it is in relation to the preemption of a work and not its sale… However, with the pandemic hitting the arts sector so hard, a number of institutions have either sold or are considering selling valuable works to keep themselves afloat. London’s […]
Works collected by Christo and Jeanne-Claude arrive at Sotheby’s [05 Feb 2021]
Like all artists, CHRISTO (1935-2020) and Jean-Claude fraternized with other artists and in some cases became very close friends. And like most artists, they also acquired and surrounded themselves with artworks they particularly liked. Christo and Jeanne Claude together acquired some exceptional pieces during their lives including works by Andy WARHOL, Marcel DUCHAMP, Lucio FONTANA […]
Old Masters: a ray of light… but a touch of disappointment [02 Feb 2021]
Sotheby’s eagerly awaited “Master Painting & Sculpture Part I” sale in New York on 28 January took a total of $114.5 million. With almost all eyes focused on the sublime Botticelli portrait, the sale’s other masterpieces were somewhat overshadowed. Part II of Sotheby’s Old Masters sale was organized exclusively online between 22 and 30 January […]
Botticelli’s Renaissance ‘golden boy’ [29 Jan 2021]
The consignment of a superb Sandro BOTTICELLI (c.1445-1510) painting to Sotheby’s is indeed a master stroke for the auctioneer; not only are paintings by the Renaissance master extremely rare, his portraits are almost impossible to find! The last time a Botticelli appeared on the market was in 2013 with a superb ‘The Rockefeller Madonna’: Madonna and […]
Judith Scott, new record for an outsider artist [26 Jan 2021]
Born with Down’s syndrome and both deaf and dumb, Judith Scott was a self-taught American artist who is today recognized internationally. Last week, Christie’s New York set a new auction record for her work. Communicating with others only through touch, Judith SCOTT (1943-2005) started making art at the age of 44 at the Creative […]
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! […]
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 […]
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