Artprice: Annual Art Market Report for 2009
[
18 Mar
]
According to thierry Ehrmann, founder and CEO of Artprice: "2009 will go down in history as a year when the art market shed its excesses and narrowly avoided a complete meltdown". A drastic purge of the Contemporary art segment, slashed revenue figures and renewed interest in Old Masters and Modern art…
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China advances
[
15 Mar
]
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.
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Ben – his biggest ever retrospective in Lyon
[
09 Mar
]
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.
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Lucian Freud in Paris
[
26 Feb
]
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.
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The 2009 podium: Picasso, Warhol, Qi
[
23 Feb
]
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.
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Contemporary Art sales in London: excellent results
[
15 Feb
]
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).
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A wave of optimism at the London sales
[
08 Feb
]
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.
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Giacometti, the new Picasso
[
04 Feb
]
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.
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Contemporary Art sales in London
[
01 Feb
]
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.
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Impressionist and Modern sales in London – unabashed confidence!
[
25 Jan
]
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.
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