Arte e Cultura
Artmarket.com: ultra-contemporary art conquers auctions, making Artprice subscriptions ever more useful
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Deprived of international art fairs, gallery openings and major exhibitions, collectors are paying more attention to works circulating in the auction sphere. This pushes up the prices which in turn encourages the holders of works by these popular artists to resell them. has allowed the emergence of young art market superstars in the space of just a few months.
Artists under the age of 40, who had never before generated auction results, have suddenly reached dizzying price points with extremely recent works (" " as we used to say a few years ago). posted by the major auction houses, proving either that this acceleration has taken contemporary art specialists completely by surprise... or that they wish to remain cautious.
- Amoako Boafo (1984), (2019)
Estimated: $40,000 - $65,000
13/02/2020 Phillips London
- Matthew Wong (1984-2019), (2018)
Estimated: $60,000 - $80,000
29/06/2020 Sotheby's
New York
- Christina Quarles (1985), (2016)
Estimated: $70,000 - $100,000
08/12/2020 Phillips New York
A few years, or even just a few months after their creation, these canvases have already been sold at auction. , as Amoako Boafo explained in an interview with Bloomberg in February 2020 , titled .
www.bloomberg.com/news/articles/2020-02-12/hot-new-artist-laments-that-his-work-is-being-flipped-for-profit
So far, the prices of this young Ghanaian artist are holding firm: his 34 paintings put up for sale since 1 January 2020 all found buyers in London , New York and Hong Kong . Artprice nevertheless remains extremely vigilant regarding the development of Amoako Boafo's market. His next work to come up for sales, a canvas titled (2018) was acquired directly by the seller from the artist and will be offered at Sotheby's in Hong Kong on 20 April 2021 .
www.artprice.com/artist/904704/amoako-boafo/painting/23560098/grace
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