ArtMarket® Insight - what's trending on the art market
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Focus on Sam Francis and his ‘abstract fusions’ [01 Aug 2023]
In November 2022, a predominantly blue canvas by Sam Francis doubled its high estimate at Christie’s to set a new auction record for the artist at $13.5 million. The work (Composition in Blue and Black, 1955) has all the hallmarks of Francis’s artistic preoccupations with the shimmering color and light inspired by reflections observed on […]
Léonor Fini returning to the limelight [25 Jul 2023]
At a time when collectors favor figurative art with a Surrealist tendency and when women artists are the focus of all attention, the work of Leonor Fini is being rediscovered in all its originality and power. Self-taught, Leonor Fini paved her own way by working tirelessly. She also frequented some of the greatest thinkers and […]
Slowdown on the UK art market [18 Jul 2023]
Continuing our series reviewing the world’s major art marketplaces over the first half of this year and having already looked at the United States, France and Germany, Artprice by Artmarket turns its attention this week to the UK, the third largest art marketplace in the world. Like France and to a lesser extent America, the […]
A new fair to support the Tokyo market [11 Jul 2023]
Tokyo Gendai, a new art market rendez-vous! The first international art fair in Tokyo Bay for over 30 years! From 7 to 9 July 2023, the Pacifico Yokohama will host 74 leading galleries from Japan, Asia-Pacific, Europe and the United States. Among the participants at this first edition, a number of prestigious international galleries including […]
Van Gogh: market success in recent years [07 Jul 2023]
Vincent VAN GOGH (1853-1890)’s work has been in the news in recent years on a number of fronts including auction sales with ultra-high estimates, museum exhibitions and even newspapers headlines (in October 2022 two young climate activists threw the contents of two cans of tinned food at his Sunflowers (1888) at London’s National Gallery). In […]
The auction market adopts textile works [04 Jul 2023]
Weaving, embroidery and knitting are gradually emerging from artistic prejudice. Over the years, with the recurring presence of textile works in museum exhibitions, biennials and international art fairs, collectors have come to terms with this practice once considered too “traditional”, too artisanal, or too linked to the domestic sphere (especially in Western culture) to be […]
Gustav Klimt, a Viennese artist who ignites passions [30 Jun 2023]
A Klimt painting was one of the six lots that sold above $100 million last year. A look back at the story of a birch forest that has become one of the most popular landscapes in the world and of an immense artist who continues to fascinate auctions, including this year! On 27 June in […]
The rise of the German art market [27 Jun 2023]
After reviewing the state of the art market in France and in the United States, Artprice by Artmarket takes a look at the condition of the German art market, the world’s fifth largest by national art auction turnover. In view of recent strong results, Germany’s high-end art market seems to be gathering momentum. The number […]
What’s coming in July? [23 Jun 2023]
Before the art market’s traditional summer recess, the major auction houses plan to end their seasons in style. Here is a selection of the most anticipated sales and works during the month of July, from Singapore to London. 2 July – Sotheby’s lays deeper roots in Singapore In August 2022, Sotheby’s made what it called […]
Focus on Barkley L. Hendricks [20 Jun 2023]
The extraordinary breakthrough of Barkley L. HENDRICKS on the auction market is emblematic of the importance finally granted to the ‘black portrait’ Few collectors were chasing works by Barkley L. Hendricks ten years ago. Today, the artist is a must in the biggest American collections and auction sales. The recent and strong revaluation of his […]
An exceptional print by Albrecht Dürer on sale in Paris [16 Jun 2023]
Extremely rare on the international art market, a superb third-state print of Albrecht Dürer’s Adam and Eve is about to hit the Parisian auction market. A first for decades for the French art market. Estimated between $130,000 and $160,000, the Bible’s ‘first couple’ engraved by DÜRER’s goldsmith hands will be offered on 23 June by […]
The American art market is holding up well [13 Jun 2023]
After our overview of the French art market (see our article French art market: end of the post-covid rebound effect) which notes a sharp contraction in auction turnover at the leading art auctioneers since the beginning of the year (-38% for Christie’s France and -68% for Artcurial), Artprice by Artmarket takes a quick look at […]
Jaune Quick-to-See Smith [09 Jun 2023]
An auction record hammered at $642,600 last November, five times the high estimate and four canvases sold at over $400,000 each since the start of 2023: Jaune Quick-to-See Smith – absent from Artprice’s market rankings just a few years ago – now finds herself among the 300 most successful artists in the world in 2023. […]
Art market in France: the end of the post-covid rebound effect? [06 Jun 2023]
Is the French art market losing ground? This is the question we can ask after a sharp decline in French art auction turnover in the first part of this year, compared with the results obtained in the same period last year. In the semester of 2022, the French art market was boosted by some exceptional […]
Milton Clark Avery, 20th century American art’s forgotten precursor [02 Jun 2023]
Recognized for his figurative and intimate works, and later for works whose abstraction inspired Mark Rothko’s and Adolph Gottlieb’s Expressionism, Milton Clark AVERY (1885-1965) was a close friend of the giants of 20th century American art. Indeed their long weekly conversations contributed to the birth of the New York School and the blossoming of American […]
Review of Christie’s and Sotheby’s recent New York sales [30 May 2023]
The month of May is traditionally one of the most important periods of the year for the global art auction market, with Christie’s and Sotheby’s New York sales offering the very best 20th and 21st century art they can find. This year, the two world-leading auction houses generated over 1.7 billion US dollars in a […]
The pioneers of Vietnamese Modern Art are attracting strong demand [23 May 2023]
Over the last six years, since the first-ever 7-digit auction result for a work by a Vietnamese artist, the annual global auction turnover on works by Vietnamese artists first doubled, then almost tripled with a sharp acceleration in the number of auction records hammered over the past two years. Secondary market demand has been strong […]
A solid but still uncrowned Art Market after Christie’s first spring results in New York [16 May 2023]
With no ‘absolute masterpieces’ on offer, there were no ‘mega’ results in Christie’s first major prestige New York sale of 2023. Lots of works fetched over $10 million on May 11, but none crossed the threshold of $50 million. Indeed last year’s peak at the same sale when Andy Warhol’s Shot Sage Blue Marilyn […]
Taipei Dangdai and Frieze New York Fairs [12 May 2023]
Certain collectors will be moving around the globe in May with two leading art fairs almost back to back at opposite ends of the planet: the Taipei Dangdai in Taiwan, and the Frieze in New York. We take a quick look at some of the things you can expect to see at the young Asian […]
Christie’s New York: quick overview of their May masterpieces [09 May 2023]
The world’s leading art auction house has announced a series of exceptional sales for the month of May, including Modern and Contemporary art from major private collections. Under the title Christie’s 20/21 Century, Christie’s May sales in New York will bring together works spanning a whole century of art from the Sandra and Gerald Fineberg […]
Sotheby’s upcoming New York sales in May: a quick look at some of the most anticipated masterpieces [05 May 2023]
In ten days New York’s spring prestige sales will begin, one of the major highlights of the global art market calendar. We highlight a small selection of masterpieces that Sotheby’s will be offering. A canvas from Magritte’s famous series L’Empire des lumières (The Empire of Lights) with a high estimate of $55 million; Gauguin’s Nature […]
Sol Lewitt’s first result above $1 million [02 May 2023]
In February 2023 a work by Sol Lewitt fetched over a million dollars at auction, a threshold never before reached by the American artist who died in 2007 after half a century of demanding conceptual creation. A minimalist sculpture in large dimensions (more than 3×3 meters), the piece was offered by Sotheby’s as part of […]
Prints: The Sale of the Century… one of the most important collections of prints ever put up for auction [28 Apr 2023]
Christie’s had already started the season well: its sales of Contemporary prints were marked by BANKSY’s NOLA (Green Rain) which fetched $184,000 in London and David HOCKNEY’s Walking Past Two Chairs which sold for $57,600 in New York. Then there were the good results in its Prints and Multiples online sale that generated a total […]
Works co-signed by Jean-Michel Basquiat and Andy Warhol are currently showing at the Fondation Louis Vuitton in Paris [25 Apr 2023]
While a canvas by Andy Warhol generated the art auction market’s second best-ever result last year (at $195 million) and a work by Jean-Michel Basquiat fetched over $110 million in 2017, the prices of works jointly produced by the two artists peaked at $11 million almost nine years ago. But that value differential hasn’t discouraged […]
News bites: Picasso commemorations – Chagall sales – Kusama results [21 Apr 2023]
Picasso commemorations Pablo Picasso died half a century ago, on April 8, 1973 at his home in Mougins, in the south of France. To commemorate his passing, more than 50 exhibitions have been organized around the world and the auction market can expect a very substantial offer this year. Already, since the start of […]
Review of Q1 art market through the prism of three rankings [18 Apr 2023]
In the first three months of 2023, more than 147,000 artworks changed hands at auctions around the world, but only 13 generated results above the $10 million threshold. If we lower the bar to 7-digit results (<10 million, but > 1 million), there were just under 300 results in this price range, representing less than […]
The top 10 drawings at auction in Q1: China leads [14 Apr 2023]
In view of Chinese auction results hammered during the first quarter of this year, the Chinese art market is recovering from its covid-related trough. And if we look specifically at global auction results for artworks that are classified as drawings, the top 10 results in Q1 reward nine Chinese artists and only one Western artist, […]
Ceramic creations on the Contemporary art auction market [11 Apr 2023]
Artists who produce artworks in ceramics – either as their primary activity or as a sideline to work in other mediums – are more numerous than one might expect. Indeed, the outer limits of this art form are being pushed further and further back. Historically associated with the great art of sculpting statues, then relegated […]
Contemporary African art: two artists to follow [07 Apr 2023]
The first is Moroccan, the second Beninese: M’barek Bouhchichi and Moufouli Bello have both generated international interest, but still have very modest auction profiles. We take a closer look at the work of these two artists who both paint figurative portraits, a genre that has been very popular at auctions for a couple of years. […]
Hokusai’s Great Wave reaches a new milestone [04 Apr 2023]
A few days before the opening of the exhibition Hokusai: Inspiration and Influence at the Boston Museum of Fine Arts (March 26-July 16, 2023), one of the finest known proofs of Hokusai’s Great Wave off Kanagawa revised the artist’s auction record by fetching $2.76 million at Christie’s during Asian Week (vs. an estimate of $500,000 […]
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