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Art market: Korea’s ineluctable awakening [16/09/2022]
Over the past five years, the growth of South Korea’s art market has turned its capital Seoul into a serious alternative to Hong Kong as an Asian marketplace for Contemporary art. One major advantage of South Korea is its attractive tax system (no import tax or transfer tax) which translates into financial advantages compared with […]
Art and AI [13/09/2022]
Artworks involving some element of ‘technology’ (essentially some form of artificial intelligence [AI]) are attracting more and more attention in biennials, museums, galleries, art fairs, but also at auctions. This attention ranges from excited enthusiasm for the new possibilities of AI… to bitter controversy. In late August, Jason Allen, aged 39, won more than just […]
Our selection of sculptures [08/09/2022]
From time to time, Artmarket scans the proposals by our partner galleries on the Artprice Marketplace to pick out a selection of ‘favorites’. The latest selection honors abstract sculpture, including some essential signatures of the 20th century, such as Lynn Russell CHADWICK and Vassilakis TAKIS. Each year, more than 10,000 contemporary sculptures are traded at […]
The Paul Allen Collection: Christie’s aiming for a billion! [06/09/2022]
The big art news after the summer recess: next November Christie’s will disperse the art collection of Paul Allen, co-founder of Microsoft with Bill Gates. Estimated to be worth around $1 billion, Paul Allen’s collection could become the most expensive collection ever sold at auction. To do so, it would have to beat Sotheby’s recent […]
Market prices of work by Vermeer (the “Sphinx of Delft”)? [30/08/2022]
Since his rediscovery in the middle of the 19th century and the passionate contribution of the French art historian Théophile Thoré, Vermeer’s work has captivated artists and collectors worldwide. Early next year, the Rijksmuseum in Amsterdam will be opening a Johannes Vermeer retrospective that promises to be the largest exhibition ever devoted to the Dutch […]
René Magritte: currently the top-selling Modern artist [23/08/2022]
With an auction result above 79 million dollars, Magritte is now one of the few artists in the world to have reached that level, along with Picasso, Monet and Van Gogh! Moreover, this year, Magritte is currently the art market’s top-selling Modern artist. An iconic canvas fetched over $79 million Last March, London’s prestige art […]
Our selection of NUDES! [16/08/2022]
From time to time, Artmarket scans the proposals by our partner galleries on Artprice Marketplace to pick out a selection of ‘favorites’. This latest selection honors one of the most popular subjects in art history: the nude, both feminine and masculine. Delicacy, sensuality, depth and artistic genius… the nude is an ideal vector for artistic […]
The 18 artworks that have fetched over $100 million [02/08/2022]
This year another work exceeded 100 million dollars at auction, bringing the total number of masterpieces valued above this price threshold to eighteen! In this article, Artprice provides an updated ranking of the most-valued artworks on the global auction market. > The first $100 million In 2004 the art auction market crossed a major threshold […]
Hyper-valuation of young artists… the trend is accelerating [26/07/2022]
In a tragicomic play written by Pierre Corneille, one of his characters says “I’m young, it’s true; but for well-born souls, value is not a question of age”. That famous line may have been written almost 400 years ago, but it hasn’t aged a bit and is today more than ever relevant in the […]
Basquiat, still alive! [19/07/2022]
Jean Michel Basquiat, aka “SAMO” (for “SAMe Old shit”) traversed New York’s 1980s art scene like a shooting star. Already highly arresting at the time it emerged in the 1980s, his œuvre has lost none of its strength or its flamboyance more than thirty years later. The first black artist to appear on the […]
Magdalena Abakanowicz [12/07/2022]
The art market is already hot for works by Polish artist Magdalena Abakanowicz, soon to be exhibited at the Tate Modern in London. Born in 1930 in the suburbs of Warsaw, from a noble lineage that family legend traces back to Genghis Kahn, Magdalena Abakanowicz successively experienced the loss of the privileges of her social […]
The Artprice100© index up +36% in 2021 [07/07/2022]
Art is now widely considered an alternative investment that not only offers high returns but also a relatively low correlation to other financial assets. Investing in the greatest artists (such as Pablo Picasso, Claude Monet, or Georgia O’Keeffe) can therefore be a matter of personal satisfaction and financial advantage – as long as we take […]
Market Keys to Rodin’s The Thinker [05/07/2022]
“Fist pressed against his teeth, he sits lost in contemplation. His fertile thoughts slowly unfold in his imagination. He is not a dreamer; he is a creator.” (Marcel Adam, “Le Penseur”, Gil Blas, 7 July 1904, quoted by Grunfeld, chapter 8, p. 191) A “medium” bronze cast of Rodin’s famous Thinker used to occupy a […]
Excellent results on French art market [28/06/2022]
In mid-June Christie’s sale of the Hubert de Givenchy Collection in Paris took 114 million euros ($120 million), an excellent result that doubled its pre-sale forecast and included a rare Surrealist sculpture by Alberto Giacometti. The slender silhouette of a Femme qui marche (Walking Woman), created in the 1930s and cast in 1955 by Fiorini […]
Making way for young female artists (2) [24/06/2022]
On 28 June in London, Christie’s will be hosting a highly prestigious evening sale of 20th and 21st century art. Among the masterpieces by Monet, Chagall, Picasso and the usual monuments of Contemporary art (including Damien Hirst and Jeff Koons), there will also be works by a number of young women artists who are still […]
TEFAF is back! [21/06/2022]
“We are delighted to have the opportunity to bring together the world’s major art collectors and enthusiasts in an environment where they can exchange, appreciate and immerse themselves in Art History like nowhere else on the planet“. Hidde van Seggelen, Executive Chairman of TEFAF. After the prematurely shortened 2020 edition and a cancellation […]
Make way for young women (1) [17/06/2022]
On 28 June in London, Christie’s will be hosting a highly prestigious evening sale of 20th and 21st century art. Among the masterpieces by Monet, Chagall, Picasso and the usual monuments of Contemporary art (including Damien Hirst and Jeff Koons), there will also be works by a number of artists who are relatively unknown outside […]
Adrian Ghenie crosses the $10 million threshold [14/06/2022]
Rapidly compared to Francis Bacon, Adrian Ghenie has been electrifying the art world for 10 years. Now crowned with a record at over 10 million dollars, he is one of the 100 most successful artists in the art auction market and has established himself as one of the most sought-after painters of our time. A […]
Our selection: Hantaï… and friends [10/06/2022]
Coinciding with a major retrospective marking the 100th anniversary of the birth of Simon Hantaï at the Louis Vuitton Foundation (Paris), Artmarket by Artprice has picked out a selection of works by some of France’s most interesting abstract artists in the second half of the 20th century. In the spotlight this week, a 1955 painting […]
Masterpieces coming to market in June… [07/06/2022]
Before the summer recess, the major auction houses are organising an impressive round of prestige sales including Old Masters in New York, 1,200 lots from the Hubert de Givenchy Collection, a special focus on Marc Chagall, and big sales of Contemporary art. Among the important works that will be presented for sale, Artprice has picked […]
The Art Market and the Environment : Can digital art be green? [03/06/2022]
The art world is belatedly but resolutely assuming its responsibilities with respect to the natural world. This is the last article in our three-part series on the ecological issues facing the art market and how the secondary art market can adopt a more environmentally friendly approach. Our first article focused on initiatives implemented by the […]
Egon Schiele tokenized [31/05/2022]
A rare painting by Egon Schiele was recently rediscovered in a private home in Vienna. Painted in 1907, the Austrian master’s oil-on-canvas depicts his uncle Leopold Czihaczek playing the piano, his eyes focused on the score in a rare and intimate scene created when Egon Schiele was sixteen. It was the same year Gustav Klimt […]
Flash news: Drawing prizes in Paris – Art Basel Hong Kong [27/05/2022]
Drawing prizes in Paris With several fairs devoted to the exhibition, sale and discovery of works on paper last week, Paris once again wore the crown of global capital of the drawing medium. The events hosted an offer that was unique both in terms of diversity and quality, and they saw the return of private […]
Sotheby’s: Macklowe Collection generates a total of $922 million [24/05/2022]
After Christie’s generated more than $1 billion last week from 20th and 21st century artworks (AMI link), Sotheby’s has hammered its third best-ever sales total at $408.5 million from an assortment of 19th and 20th century art in New York. The best results were generated by Picasso’s Femme nue couchée (nearly $67.5 million) and works […]
The Art Market and the Environment: The Artists Themselves [20/05/2022]
The art world is belatedly but resolutely assuming its responsibilities with respect to the natural world. This is the second in Artprice’s series of ArtMarket Insights devoted to the ecological challenges and expectations facing the art market. The first discussed some of the initiatives adopted by the art auction and art fair spheres (see: The […]
An overview of Christie’s big New York results last week… [17/05/2022]
Christie’s New York hammered a whole series of exceptional new auction records last week. If we include the staggering $195 million paid for by Warhol’s Shot Sage Blue Marilyn on Monday 9 May (see our article “Andy Warhol’s portrait of Marilyn Monroe fetches top price ever paid for a 20th century artwork”) – which imparted […]
Andy Warhol’s portrait of Marilyn Monroe fetches top price ever paid for a 20th century artwork [13/05/2022]
At Christie’s New York sale on 9 May, the famous portrait by Pop Art’s leading figure smashed all records for a work of 20th century art. Warhol’s Shot sage blue Marilyn was offered in a Christie’s sale dedicated to works from the collection of the Zurich-based Foundation set up by the late art dealing siblings Thomas […]
A stunning selection of Masterpieces in May! [10/05/2022]
The major sales in May will be offering works from a number of exceptional collections including the Macklowe, the Ammann, the Anne H. Bass, the Maezawa and even the Gersten and Jacobs collections. So important are these collections that the sale of their “nuggets” promises to revise several global auction records! An Andy Warhol Marilyn […]
The Art Market and the Environment : The secondary market [06/05/2022]
The art world is belatedly but resolutely waking up to its environmental impact and its eco-responsibilities. Artprice has redacted three articles on the challenges and expectations facing the art world in its efforts to clean up its act. The first looks at the initiatives adopted by the art market (essentially the auction/art fair sphere). The […]
Sotheby’s Hong Kong: an exceptional start… [03/05/2022]
Last Wednesday, three marquee sales at Sotheby’s Hong Kong took a total of 221.8 million dollars, the highest amount ever achieved in a single evening at Sotheby’s Hong Kong. This spectacular total included the sale of an exceptional De Beers Blue Diamond that fetched 57.5 million dollars, one of the highest prices ever paid for […]
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