ArtMarket® Insight - what's trending on the art market
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The art market reacts to Covid-19 [19 Mar 2020]
Although confinement measures are clearly a curse for an entire ecosystem dependent on the circulation of art fans and collectors, art market professionals intend to keep themselves active by adapting to the new situation, or even by reinventing themselves. In most cases this will involve some degree of federation as well as a significant expansion […]
5 views of Tefaf [13 Mar 2020]
The gallery owners below were interviewed on March 10, 2020. The next day, Tefaf Maastricht announced the premature closure of the fair, five days before the scheduled date. ” In close consultation with the city of Maastricht, the health authorities, and MECC Maastricht, TEFAF has decided to shorten the fair and to close by the […]
Cancellation of Art fair Tokyo and the Japanese market [10 Mar 2020]
As part of the effort to prevent the spread of Covid-19, the Art Tokyo association has been forced to cancel its 14th edition of Art fair Tokyo – the oldest trade fair in the country – as well as World Art Tokyo 2020. The announcement was posted unexpectedly on March 9, just ten days before […]
Top results during Armory week [10 Mar 2020]
New York’s Armory week attracted large crowds last week, generating a satisfactory start to 2020’s global calendar of ‘arty’ events. In the framework of New York’s much anticipated Armory Week, all the fairs, exhibitions, auctions, conferences and private tours attracted good audiences. The enthusiasm was generally reassuring for the global Art Market after the cancellation […]
Artprice at the Sotheby’s Institute of Art in New York: the Art Market might have reached a turning point [04 Mar 2020]
Art history has traditionally analysed the evolution of artistic trends by reference to precise criteria such as dates, places, movements and techniques. Nowadays, however, a far more flexible and interconnective approach seems to prevail, most likely driven by the dynamic links between ideas, exhibitions, artists and works resulting from the proliferation of the Internet and […]
Hans Arp – market data [03 Mar 2020]
Dadaism, Surrealism, Abstraction… Jean (Hans) Arp was closely involved with some of the most famous developments in fine art during the first half of the 20th century. Ahead of an exceptional sale of works previously belonging to Greta Stroeh, Artprice takes a close look at the market for creations by this pioneer. From the birth […]
Dorothea Lange… making images speak [25 Feb 2020]
New York’s Museum of Modern Art developed strong links with photographer Dorothea LANGE (1895-1965) at a very early stage. She contributed to the Museum’s very first photography exhibition in 1940 and participated in the preparation of her first retrospective, which opened in 1966, three months after her death. Today, her work still looks extremely modern and […]
David Hockney makes the biggest splash in London… [17 Feb 2020]
On 11 February David Hockney’s The Splash sold for £23 million ($31.2 million) in London – at more than eight times its 2006 price – taking Sotheby’s total revenue from its prestige Contemporary Art sale to $120 million, substantially ahead of Christie’s $72.7 million total from its equivalent session the following day (12 February). Before […]
London, weaker performances [10 Feb 2020]
London’s prestige art sales last week opened the 2020 auction season with less impressive results than in previous years. The turnover figures were clearly down on 2019 and together Christie’s and Sotheby’s Imp/Mod + Surrealist sales on 4 and 5 February last week took $202.4 million versus $326 million a year earlier (more than $124 […]
Surrealist mood… [07 Feb 2020]
The market data is clear: René MAGRITTE (1898-1967) is currently the top-selling painter of the Surrealist movement. In the last three years, demand for works by the Belgian artist has been unprecedented with record after record in the auction rooms, and 2019 was a historic year for his market with more than $128 million hammered […]
London kicks off the 2020 calendar [04 Feb 2020]
With the UK’s divorce from the EU having just been formalised, the Art Market is in full swing in London with the first prestige sales of the year. This Tuesday (4 Feb) and tomorrow (5 Feb), Sotheby’s and Christie’s will be hosting the first major Impressionist, Modern and Surrealist sales of 2020, proposing works by […]
What records might we expect? [31 Jan 2020]
As 2020’s first major art auction sales loom into sight, we have taken a look at what Christie’s and Sotheby’s will be offering on 4 and 5 February in London: a total of 58 Impressionist, Modern and Surrealist works. Combining some of the best signatures from the 19th and the beginning of the 20th century, […]
Dora Maar at the Tate Modern [28 Jan 2020]
A committed artist and intellectual, Dora Maar was recognized during her lifetime, signing commission contracts, publishing in numerous magazines, and exhibiting works alongside the 1930s avant-garde. After her relationship with Picasso ended, her distress and deep depression cut her off from others. She voluntarily isolated herself, but her activity remained intense and she devoted over […]
How to objectively define Contemporary Art in 2020? [24 Jan 2020]
For the sake of coherence, clarity and transparency, Artprice’s editorial team has always divided Art History into five main periods with artworks being classified according to a simple and indisputable criterion… the birth year of their creators: Old Masters’ … artists born up until 1760 ‘19th century’ … artists born from 1760 to 1860 ‘Modern’ […]
Artgenève, interview with Thomas Hug [21 Jan 2020]
Although Artgenève has continued to grow over the decade, it is still a fair on a human scale compared with the Basel juggernaut. Created in 2012 by Thomas Hug, this event opens its ninth edition on 30 January with just under 90 exhibitors. The return of major galleries (including Gagosian, Hauser & Wirth, Tornabuoni) and […]
Inside Outsider Art [17 Jan 2020]
It’s almost a textbook case: when a movement, disconnected from any existing networks, begins to gain visibility – often via self-funded exhibitions – and brings together a small community of artists, connoisseurs and collectors, it already has a reasonable chance of sticking. Then galleries get involved… public recognition starts to pick up… the artists’ works […]
Kiki Smith in Paris… last chance! [14 Jan 2020]
Curator Camille Morineau organised the vast retrospective of Kiki Smith’s work that is currently showing in the 10,600 ft² of the Monnaie de Paris until 9 February 2020. It’s the first solo show by this American artist in a French institution and it represents a unique opportunity to discover her singular, poetic and powerful universe, […]
Bonhams and Sotheby’s, two auction houses determined to support African art [10 Jan 2020]
The auction houses have not found it an easy task to bring Modern and Contemporary African art to the eyes of international collectors, but some of them have shown remarkable tenacity, giving the works time to find their audience. After several years of disappointment, demand is clearly on the ascent with their turnover from African […]
Taipei Dangdai Art Fair, interview with Magnus Renfrew [07 Jan 2020]
With over 20 years experience in the international art world and recognised expertise in its Asian sphere, Magnus Renfrew launched a new art fair in Taiwan last year: TAIPEI DANGDAI. After a successful first edition, Renfrew explained to Artprice the logic of offering a quality fair in Taiwan, alongside Hong Kong’s highly successful event. Magnus […]
Sanyu… China’s Matisse [31 Dec 2019]
Sanyu… China’s Matisse After Zao Wou Ki, Sanyu has become yet another highly appreciated signature on the global art market’s Sino-French segment, with the prices of his best works now approaching those of Matisse. According to the Dutch art critic Jan D. Voskuil – writing in 1932 when SAN Yu was just 31 – The […]
Our “blue chip” artists index outperforms the S&P 500 [27 Dec 2019]
over the long term and posts a 3.3% increase for 2019 American stock markets have been super buoyant this year: the S&P 500 started the year at 2,510 points and reached 3,190 points this Tuesday, 17 December 2019. That’s a 26.2% increase over 12 months… adding more than a quarter to this fundamental index’s historical […]
The relationship between Chinese artists and Western culture [24 Dec 2019]
After World War I, China implemented a major program of sending young talents to the other end of the world… and, very often, to the other end of the silk road, with the objective of ‘acquiring new knowledge’. The arts were just one of the many disciplines that these talented young Chinese students came to […]
Top 10 of the most expensive artworks in 2019 [20 Dec 2019]
Artprice regularly reviews the top 10 ranking of artworks that have fetched the highest prices on the global art auction market… works that have excited and moved global buyers more than any others. As the year-end is an appropriate moment for tallies and totals, here is an update of the most spectacular Fine Art auction […]
Zao Wou-ki and Zhang Daquian, the two giants of the Chinese market [17 Dec 2019]
In our 2019 global ranking of artists by auction turnover, China’s two top-selling artists are posting totals on a par with those of Western artists like Claude Monet and Andy Warhol. With a combined total of over $385 million this year, Zao Wou-ki and Zhang Daqian’s results have driven the market. Zhang Daqian, Strange Pines […]
The Paris art market gains in quality [10 Dec 2019]
Sotheby’s stands out from its competitors in Paris. A month after the records hammered at its Claude and François-Xavier Lalanne sale – 100% of the lots sold and the highest total for a Sotheby’s sale in Paris (€91.3 million versus an estimated high total of just 23 million!) – the company has ended the year […]
Bamako Encounters has evolved… [06 Dec 2019]
For the 12th year running the Malian capital, Bamako, is hosting this major event dedicated to photography, become the largest of its kind in Africa. Coinciding with the 25th anniversary of the project, Encounters is expected to attract some 5,000 visitors between 30 November 2019 and 31 January 2020, and is likely to send ripples […]
An exceptional season for Christie’s in Hong Kong [03 Dec 2019]
“In spite of the current geopolitical challenges, the market is confident” said Francis Belin, Head of Christie’s Asia-Pacific zone, after their programme of Hong Kong sales in November. In five days, Christie’s HK sales generated a total turnover of $337 million which included $159.7 million from its sales of 20th Century & Contemporary Art of […]
Art Basel Miami Beach and Cie 2019 [28 Nov 2019]
Art Basel Miami Beach, Convention Center Art Basel has managed to stretch the Contemporary Art Fair concept to its limits, turning its Floridan incarnation into a veritable marathon! The central event of the 18th edition in Miami will host no less than 269 major international galleries from 32 countries, showing work by more than 4,000 […]
The photography market’s top sales… from Paris to New York [22 Nov 2019]
Every November Paris hosts a multitude of special events dedicated to photography. This year the core fair, Paris Photo, was accompanied by numerous “off” fairs and auction sales, as well as a whole series of special exhibitions at Parisian cultural institutions. The result was a rich and highly diverse program attracting a record number of […]
Stability: the new market standard? [18 Nov 2019]
Following their Impressionist & Modern Art sales last week, Christie’s and Sotheby’s Contemporary Art sessions generated a combined total of $595.8 million, down 11% on last year’s total, but still reflecting a remarkably buoyant market. After New York’s latest round of major Contemporary Art sales, an article in the New York Times suggests that stability […]
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