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Artmarket.com: real paintings by blue-chip artists remain the super-stars of the art market, says Artprice

Over $1 billion in three days Over$1 billionin three days WhereasLondon'ssales were postponed by several weeks and were partly weakened by the implementation of Brexit,New York'sprestige sales were the first major art market rendezvous for over a year. This unique concentration of Modern, Post-War and Contemporary masterpieces, all offered in just a couple of days, rapidly reassured the market and its followers. The first lot hammered by Christie's on 11 May,Night Visionby...
PARIS, (informazione.it - comunicati stampa - arte e cultura)

Whereas London's sales were postponed by several weeks and were partly weakened by the implementation of Brexit, New York's prestige sales were the first major art market rendezvous for over a year. This unique concentration of Modern, Post-War and Contemporary masterpieces, all offered in just a couple of days, rapidly reassured the market and its followers. The first lot hammered by Christie's on 11 May, by Alex da Corte (1980), doubled its estimate to reach $187,500 .

Artprice has published an analysis of the results of this absolutely crucial week, which saw the first auction result above $100 million in two years: www.artprice.com/artmarketinsight/over-a-billion-dollars-worth-of-art-sold-in-new-york-this-week

Christie's and Sotheby's both offered – just two days apart – canvases by Gerhard Richter , both titled and both dated 1992, and almost of the same dimensions. The first sold for just under $7 million (below Christie's $9 -12 million estimate) while the second, from the collection of Mrs. John L. Marion , reached $23.3 million at Sotheby's.

The substantial price differential between these two works, which have very similar technical characteristics, is extremely reassuring to Artprice, which sees it as an indication that demand is strong but attentive to the intrinsic quality of each piece as well as to their origin; a demand that is capable of adjusting its intensity and defying estimates.

Salman Toor , (2019): (est. $60,000 - $80,000 )
Lynda Benglis , (1993):  (est. $15,000 - $25,000 )
Hernan Bas, (2004): : (est. $9,000 - $12,000 )
James Ensor , (1888): (est. $15,000 - $20,000 )     
Rashid Johnson , (2020): (est. $200,000 - $300,000 )
Frank Stella , (1980): ( est. $6,000 - $8,000 )
Alexander Calder , (1967): (est. $ 50,000 - $70,000 )
Dana Schutz , (2021): (est. $400,000 - $600,000 )
David Hockney , (1986): (est. $150,000 - $200,000 )
Kees Van Dongen , (1946-47): (est. $20,000 - $30,000 )

After Beeple's 'freak wave' in March, the ranking of the best performing artists at auction in 2021 has returned to its usual population of great masters. Beeple has now left the top 5 in favor of Claude Monet and Andy Warhol .

1. Pablo Picasso - $252,155,000
2. Jean-Michel Basquiat - $217,287,000
3. Claude Monet - $129,984,000
4. Andy Warhol - $108,030,000
5. Sandro Botticelli - $93,538,000
6. Banksy - $83,540,000
7. Beeple - $69,346,000
8. Vincent Van Gogh - $63,253,000
9. Zao Wou-Ki - $57,529,000
10. Roy Lichtenstein - $55,613,000

Images:
[https://imgpublic.artprice.com/img/wp/sites/11/2021/05/image1-auction-price-evolution-picasso-basuqiat-artprice.png]

[https://imgpublic.artprice.com/img/wp/sites/11/2021/05/image2-monet.jpg]

is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.

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Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.

See certified biography in Who's who ©:
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Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information in databanks containing over 30 million indices and auction results, covering more than 770,000 artists.

Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.

Artmarket with its Artprice department accumulates data on a permanent basis from 6300 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 4.5 million 'members log in' users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France's Commercial Code).

Artmarket with its Artprice department, has been awarded the State label "Innovative Company" by the Public Investment Bank (BPI) (for the second time in November 2018 for a new period of 3 years) which is supporting the company in its project to consolidate its position as a global player in the market art.

Artprice by Artmarket's 2020 Global Art Market Report published in March 2021 :
https://www.artprice.com/artprice-reports/the-art-market-in-2020

Index of press releases posted by Artmarket with its Artprice department:
serveur.serveur.com/press_release/pressreleaseen.htm

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Contact Artmarket.com and its Artprice department - Contact: Thierry Ehrmann , ir@artmarket.com

 

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