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China advances [15/03/2010]
The world’s third largest art auction marketplace, China has posted exceptionally dynamic results even during its economic deceleration. And yet at the start of 2009, the meltdown of Contemporary art prices and the success of the Pierre Bergé/Yves Saint Laurent sale in Paris ($265m from Fine Art) suggested that China would be relegated to 4th position behind France.
Ben – his biggest ever retrospective in Lyon [09/03/2010]
Ben is not just child-like writing on a pencil case or a fountain pen with J’écris pour la gloire. To understand the universe of Ben – beyond his ego and his derivative products – we need to look at Fluxus, at his eloquence, his doubts and his struggles.
Lucian Freud in Paris [26/02/2010]
From 10 March – 19 July 2010, the Centre Pompidou in Paris is hosting an exhibition of Lucian FREUD’s work. The British artist has not been exhibited in France since the first retrospective at the same museum in 1987.
The 2009 podium: Picasso, Warhol, Qi [23/02/2010]
As the art market convalesced in 2009, the world’s top auction performers generated much smaller totals than in previous years. Regulars in the Top 10 ranking like Pablo Picasso, Andy Warhol, Alberto Giacometti, Edgar Degas or Claude Monet saw their annual revenues contract by 55% – 77% compared with 2008.
Contemporary Art sales in London: excellent results [15/02/2010]
With a total revenue figure up 255% compared with February 2009, Christie’s and Sotheby’s Contemporary Art sales have confirmed the recovery of the top end of the art market (combined revenue of $79,5m in February 2010 vs. £22.3m from the same sales in 2009).
A wave of optimism at the London sales [08/02/2010]
Christie’s and Sotheby’s have won their gamble. The Impressionist & Modern Art sales on 2 and 3 February in London generated one global all-segment record and 29 results above £1m out of 87 lots offered. Christie’s managed to sell 87.5% of its lots for £61m (est. £48m-69m) plus the £8.5m from its special session devoted to surrealist art.
Giacometti, the new Picasso [04/02/2010]
This wednesday February 3rd, Sotheby’s London’s evening sale was a time for a new world record. L’Homme qui marche I, Alberto GIACOMETTI‘s human-size bronze was auctioned £58M (£65M premium included), for a £12M-18M estimate, and is now the most expensive artwork ever auctioned.
Contemporary Art sales in London [01/02/2010]
Christie’s and Sotheby’s apparent price optimism for their Impressionist and Modern sales on 2 and 3 February 2010 is equally visible in the catalogues for their Contemporary Art sales on 10 and 11 February. The two majors are expecting a combined total of £69m from their evening sales, a figure which would represent a 54% more than February 2009 high estimate.
Impressionist and Modern sales in London – unabashed confidence! [25/01/2010]
Since the peak in January 2008, the price index of Impressionist art has contracted sharply: down 39.3%. But for Christie’s and Sotheby’s – judging by the high estimates in the catalogues for their upcoming London sales – the price deflation is now over.
The highs and lows of contemporary artists [19/01/2010]
As expected, auction revenue figures for contemporary artists in 2009 contracted quite substantially (divided by 14 in the case of Damien Hirst, and by 3 in the case of Jeff Koons). However, for all that, the market is not in bad condition. The loss of the speculative element has essentially allowed prices to settle back to 2004 levels.
Contemporary African art [11/01/2010]
The first decade of the new millennium saw the emergence on the global art market of contemporary art from Latin-America, China, Korea, Japan, Russia, Turkey and the Middle-East. By comparison, African art has been very slow to emerge… but for how long?
The print market: some useful tips [04/01/2010]
Prints are an important element of the art market representing between 10 and 17% of global auction transactions and between 1.6 and 3.6% of global fine art auction revenue over the last decade.
Christian Boltanski – from the Grand Palais to Tasmania [28/12/2009]
The artist chosen for the Monumenta 2010 exhibition under the great glass-dome roof at the Grand Palais in Paris is the Frenchman Christian BOLTANSKI. His selection follows that of the German Anselm KIEFER in 2007 and the American Richard SERRA in 2008. The exhibition entitled “Personnes” will run from 13 January to 21 February.
Paris: the crisis…. and museum strikes [21/12/2009]
As the year draws to a close, the success last February of the first round of the Pierre Bergé-Yves Saint-Laurent sale looks increasingly incongruous: was it a bold leap out of the crisis, the sign of a genuine recovery of French art market dynamism… or was it just a one-off event with no particular market significance?
Old Master’s sales : Raphaël vs Wu Bin [15/12/2009]
After two days of prestigious Old Master’s sales in London, Christie’s posted a substantially higher revenue total than its rival Sotheby’s with $99.4m (vs. $20.7m) and four new historic records, including one for Raphaël that outclassed the record set by the Chinese artist Wu Bin.
Christo and Jeanne-Claude [07/12/2009]
CHRISTO is the artists’ name of the couple Christo Vladimiroff Javacheff (born June 1935 in Gabrovo Bulgaria) and Jeanne-Claude Denat de Guillebon (also born 13 June 1935 in Casablanca Morocco). The couple met in Paris in 1958 and settled in New York in 1964.
Latin American art [30/11/2009]
In 2009, Sotheby’s celebrated its 30th year of Latin American art sales. Its first sale of Latin American art took place in New York on 17 October 1979. Sotheby’s recent sales on 18 and 19 November 2009 generated a total of $13.8m for (with 68% of lots sold) vs. $7.,5m from its previous Latam sales on 27 and 28 May 2009.
A hesitant third quarter [24/11/2009]
After promising signs of a nascent recovery in the first half of 2009 (+1.2% according to our Art Price Global Index), the third quarter generated another negative reading. This means that art prices have apparently contracted a total of 37% since 1 January 2008. However there are a number of encouraging signs suggesting a gradual recovery.
Photography fair in Paris [17/11/2009]
From 19 to 22 November 2009, the Carrousel du Louvre in Paris will host 89 galleries at Paris Photo. This year the fair’s spotlight is on Arab and Iranian photography after a particularly dynamic 2009 for contemporary art from the Middle East: New Art from the Middle East at the Saatchi Gallery in London (30 Jan-uary – 9 May 2009)
New York sales perk up… [16/11/2009]
Is the art market recovering? That’s at least the impression given by Sotheby’s impressive $117.1m total revenue from its Contemporary Art sale on 11 November 2009. The figure is way above the auctioneer’s total estimates which were at worst a third and at best a half as much. Christie’s on the other hand was far from posting a “surprise” total with just $63.9m from 39 lots sold the previous day.
New York’s Impressionist & Modern sales produce very mixed results [09/11/2009]
The two days of Impressionist & Modern auctions in New York saw the art market in full roller-coaster mode: after a very uninspiring evening at Christie’s that generated just $56.8m on 3 November 2009 (vs. $116.9m on 6 November 2008), Sotheby’s posted $102m more than its rival ($158.6m vs. $196.8m on 3 November 2008) the following day and several new records.
Antony Gormley – work on a grand scale… [02/11/2009]
Antony Gormley was 31 when London’s Whitechapel Art Gallery opened its doors to his first solo exhibition. That was in 1981, the year Gormley created his first hominoid sculptures (Three Ways). In 2008-2009, Gormley was the n° 3 contemporary British artist ranked by auction revenue.
Chinese Contemporary Art today [26/10/2009]
Over the last five years, Asian and particularly Chinese art has been one of the most dynamic segments on the secondary art market. Alongside the discovery and value appreciation of artists now recognised as the leading lights of Asian art, the phenomenal success of Chinese art at auctions as of 2004 generated wild expectations amongst artists from the region and prompted speculators and investment funds to snap up works by unknown signatures in the hope of riding the next auction rocket.
Artprice and the Fiac publish an exclusive report on the 2008/2009 contemporary art market [20/10/2009]
Artprice, the press partner of the Fiac (Foire Internationale d’Art Contemporain), publishes its reference report on the 2008/2009 contemporary art market worldwide. The book will be distributed for free to the media, to VIP’s and to all the visitors coming to the Grand Palais and the Cour Carrée du Louvre from 22 to 25 Oct. 2009.
FIAC 2009 – 36th International Contemporary Art Fair in Paris [12/10/2009]
The 36th edition of the FIAC will stimulate the heart of Paris between the Grand Palais and Cour Carrée of the Louvre from 22 to 25 October 2009. As in previous editions, the 2009 FIAC is asserting its international vocation with 196 galleries selected from 21 countries and presenting the work of no less than 3,500 artists.
All eyes on the autumn sales [05/10/2009]
The first September sales have produced lacklustre results. In a climate of serious prudency – with no room for over-bidding or risk-taking – only the safest bet on the contemporary market (Andy Warhol) has lived up to expectations. However, one exception to the market’s general gloom has been the thirty year-old Indian artist Jitish Kallah.
Hong Kong stirs from slumber [28/09/2009]
Sotheby’s kicks off its Modern and Contemporary Asian Art sales in Hong Kong on 6 October 2009. The day will be divided into three sessions: 20th Century Chinese Art, Modern and Contemporary Southeast Asian Paintings and Contemporary Asian Art. The catalogues are ambitious with more than 380 works by Chinese, Japanese, Indian, Indonesian and Korean artists, and a total revenue estimate of close to $25m.
From Phillips to Phillips de Pury & Co. [21/09/2009]
Phillips de Pury & Co.’s inclination towards contemporary art, photography and design perfectly demonstrates the mutations of the art market during the last decade.The auction house experienced the exhilaration of the surge in prices and the violent contraction of the market… no matter what, Phillips de Pury & Co will stick with ultra contemporary art.
Indian contemporary art : the podium [14/09/2009]
In the 1990s there was virtually no secondary art market in India. Between 2000 and 2008, the price index of Contemporary Art multiplied by seven!While Anish KAPOOR and Subodh GUPTA are among the world’s fifteen top-selling Contemporary artists with auction revenues of €11.2m and €10.7m respectively, the third top-selling Indian artist, TV SANTOSH, had a revenue total only one tenth of his peers’ (€1.2m).
Maurizio Cattelan – The art of deception [07/09/2009]
Maurizio CATTELAN has made a fortune from displaying his cynicism about art and the art world and attacking its mechanics: he has opened a gallery in New York (the Wrong Gallery) that is always closed and never sells anything; he has set up a foundation allowing an artist to live for one year on condition that he/she exhibits nothing (Oblomov Foundation);
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