ArtMarket® Insight - what's trending on the art market
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Market of drawings [21 Feb 2005]
In March, Paris will become the focal point of the drawings market. The “Salon du Dessin” will be held, as in previous years, at the Palais de la Bourse. From 16-21 March 2005, thirty galleries (14 French and 16 international) will exhibit a selection of high-quality drawings dating from the 16th-20th century.
Paul Rebeyrolle (1926-2005) [07 Feb 2005]
The painter Paul Rebeyrolle, one of France’s most well-known contemporary artists, died on Monday in Boudreville-en-Bourgogne (France) at the age of 78. Born in Eymoutiers in 1926, Rebeyrolle started painting when he was 18. He gained acclaim with a first solo exhibition in 1951. In 1979, the Grand Palais in Paris organised a retrospective […]
Helmut Newton (1920-2004) [31 Jan 2005]
Helmut Newton died exactly a year ago at the wheel of his Cadillac at the age of 83. A highly talented fashion photographer, Newton is best known for his black and white photographs of tall and slender women and for his celebrity portraits. Shortly before his death, the artist bequeathed more than a thousand of his most emblematic photos to Berlin, the city where he was born. This collection – a brilliant sample of the depth of his work – has been on display since last June at the new Helmut Newton Foundation Museum
The 9 Artprice rules for a standardised art market as of 9th February [23 Jan 2005]
Artprice.com, the world’s leader in art market information, is to become the only on-line standardised art market when its Classifieds service comes on stream on February 9, 2005. Service will open on February 1, 2005 for ads posting. Full Classifieds section to be launched on February 9, 2005. 91% percent of art market players […]
Artprice and its 900,000 members open a new standardised art marketplace [18 Jan 2005]
Over the last five years, the art market has lived through the stock-market crash in 2000, the terrorist attacks of September 11, 2001, and the War in Iraq that began in 2003. The overall impact in terms of the volume of art sales has been dramatic. Whereas 16,000 fine-art sales were catalogued in 2000 […]
Contemporary art: an increasingly speculative segment [17 Jan 2005]
Between 2003 and 2004, total revenue from fine art auctions worldwide rose 37% to close to USD 3.5 billion. With a number of major sales in the modern art segment, 2004 was above all a very successful year for contemporary art which doubled its revenue of the previous year. According to Artprice’s econometric data, prices on the contemporary art segment rose 17% over the twelve months of 2004 with the segment accounting for 6.4% of total art revenue compared to 4.4% the previous year.
Sotheby’s and Christie’s auction sales preview [09 Jan 2005]
In the forthcoming highly prestigious auctions organised by Sotheby’s and Christie’s, the star attractions will be works by big names such as Joan Miro, Yves Tanguy, Pierre Bonnard, Chaïm Soutine, Gustave Caillebotte, Lucian Freud, Joseph Vernet, Gino Severini and Gustave Moreau.
Sotheby’s dominates the 2004 art market [02 Jan 2005]
The art market had a splendid year in 2004. Turnover at fine art auctions jumped by more than 30% on 2003, wiping out at a stroke the lingering effects of the 2001 slump. Much of this growth was due to high-profile auctions hosted by Sotheby’s and Christie’s.
Art market prices heading for record highs in November 2005 [16 Dec 2004]
Art prices are now at their highest levels since the speculative bubble burst back in 1990. The Artprice Global Index calculated using data on repeat sales reveals that following the fall auction season in New York, art prices rose by 24.4% between January and December 2004. Taking into account fluctuations in exchange rates, the increase in euro terms was just 14% over the same period.
Fauvists at the National Gallery of Art [14 Dec 2004]
To celebrate the 100th anniversary of the birth of Fauvism, the National Gallery of Art (Washington) will be hosting a major exhibition of the works of this movement from December 12 2004 to May 30 2005.
The Turner Prize [08 Dec 2004]
Jeremy Deller (38) has been awarded the Turner Prize 2004. The British artist created a sensation with his video entitled “Memory Bucket: A Film About Texas”.
Lacklustre German art market [06 Dec 2004]
The figures speak for themselves: Germany, which has held fourth place in the art market over the years after the United States, the United Kingdom and France, now appears to have taken fifth place worldwide in terms of turnover behind Italy.
Cesar in the spotlight at the upcoming contemporary art auctions [05 Dec 2004]
Twenty-three César (BALDACCINI César) works from the artist’s estate are to take centre stage at a major art auction organised by Artcurial-Briest-Poulain-Le Fur on 7 December 2004. The range of works on offer represents the largest collection of the artist’s works ever put up for auction.
Sales of Russian art are increasingly profitable at Christie’s and Sotheby’s [02 Dec 2004]
The auctions of Russian art at Sotheby’s and Christie’s in London on Tuesday and Wednesday evening were a resounding success.
Sargent breaks a new record at Sotheby’s auction of “American Paintings” [01 Dec 2004]
Sotheby’s auction of “American Paintings” last night (New York, Wednesday 1 December) was a sensational success. The 274 lots sold generated USD 74 million, the highest ever turnover from an auction of American art.
Art Market Top Auction Records [29 Nov 2004]
The Sotheby’s, Christie’sand Phillips evening sales of “Impressionism & modern art”, “Contemporary”and “Photography” in New York have closed with a lot of new price records.During this major auction week, 16 auction records were auctioned over theUS$million.
Sargent takes the lead in American Art [28 Nov 2004]
On 1 December 2004, “Group with Parasols” by John Singer Sargent looks set to become the most expensive piece of American Impressionism on the art market. The painting, estimated at USD 9-12 million, will be put up for auction by Sotheby’s as part of 274 lots in its sale of American Paintings, Drawings and Sculpture.
French landscape drawings of the 19th century [27 Nov 2004]
After ten years of relative neglect, the Barbizon School could now gradually move back into the limelight
Marathon sale of Old Master Paintings from 7-9 December [25 Nov 2004]
London is to host a series of prestigious auctions of old masters’ works between 7 and 9 December. Sotheby’s Olympia will start the proceedings with a sale of more than 200 lots estimated at between GBP 500 and GBP 15,000. The finest sessions are all scheduled for the following day at the UK’s three leading auction houses, Christie’s, Sotheby’s and Bonhams.
Art market latest trends: resale lots [21 Nov 2004]
Following the latest New York sales, the Artprice Global Index of fine art, which uses repeated sales method, is up 18.2% on the year-ago period. USD 100 invested in an artwork ten years ago would now be worth an average of USD 153.Many art collectors are generating even higher returns through judicious deals at auction, making the most of the market’s current enthusiasm. To give an idea of some of the particularly lucrative transactions recently carried out, Artprice presents the following list of works that have come under the hammer at least twice:
Art market and speculative bubble [15 Nov 2004]
Recent sales at Sotheby’s and Christie’s in New York, along with the sheer number of records being set, have led to fears of a speculative bubble on the art market.Are today’s prices at the same level as in November 1990, when the bubble that had been buoying up the market throughout the late 1980s finally burst?
Photography Market / TOP 20 by Artprice [07 Nov 2004]
In November Paris is the world’s capital of photography, hosting more than 70 exhibitions as part of its Photo Month. On Nov. 8-9, 2004 one of the biggest ever contemporary photography collections will be put up for auction by Phillips in New York.On that occasion, Artprice ranks the art photographers by auction turnover (1994 to 2004 auction sales).
Sotheby’s and Christie’s Impressionist and Modern Art evening sales fail to dazzle [05 Nov 2004]
The verdict is out: Sotheby’s took USD 194 million (4 November 2004) and Christie’s USD 128 million (3 November 2004). Although these results are still very respectable, in the case of Sotheby’s they fall short of even the most cautious predictions.
France faces crisis while the US market booms [03 Nov 2004]
The gap between the French and American art markets is widening. While price levels on the New York market have risen by an average of 3.2% annually over the past ten years, in Paris (the third biggest market by turnover according to Artprice figures), prices have fallen by an average of 1.5% per year over the same period.
«Les Temps Forts de Drouot», the year’s culmination at art auctions [02 Nov 2004]
Each year, Drouot’s auctioneers transform the Drouot-Montaigne salesrooms into a veritable art gallery, offering a preview of the major works that will be brought to auction at year-end.
GBP 11.1 million for works by Damien Hirst [22 Oct 2004]
The leading light of the Young British Artists movement made a record sale at Sotheby’s auction of the contents of his Pharmacy restaurant on 18 October, which generated GBP 11.1 million (USD 20 million). This result largely outstripped even the most optimistic forecasts (GBP 4.9 million).
Impressionist and Modern Art Evening Sales [14 Oct 2004]
The art world is eagerly awaiting the Impressionist and Modern Art auctions at Christie’s, Sotheby’s to be held in November. Turnover forecasts are extremely high, and many records are expected to be broken.
Paris, World Photography Market Capital? [11 Oct 2004]
Paris will become the world’sphotography capital in November, hosting more than 70 exhibitions as part ofits Photo Month. The Paris Photo fair is at the heart of this cultural event.On 11-14 November this international exhibition will be opening its doors atthe Carrousel du Louvre for the eighth year running, focusing this year oncontemporary photography. With its 105 exhibitors (94 galleries, including 63from outside France, and 11 publishers), the Paris Photo fair is set toattract over 40,000 visitors.
Highly attractive photography auctions [10 Oct 2004]
After a sluggish 2003, the photography market is now booming once again. With prestigious sales to take place at Sotheby’s, Christie’s and Phillips in the next few weeks, Artprice has taken stock of one of the art world’s most dynamic segments.
Art Auction: Damien HIRST at Sotheby’s [08 Oct 2004]
On 18 October 2004, Sotheby’s London is to auction the contents of the “Pharmacy” restaurant, which houses the largest collection of Damien HIRST’s artworks. Everything in the Notting Hill-based restaurant from the walls and paintings to the crockery was designed by the most famous of the Young British Artists. Among the most noteworthy are 11 “Medicine Cabinets” and 10 “Butterfly Paintings”.Offering almost 140 lots with estimates of between GBP50 and GBP300,000, this auction, which overlaps with the Frieze Art Fair, is expected to fetch in excess of GBP 3 million.
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