Arte e Cultura
Artmarket.com: the Artprice100© index is continuing to grow... +405% since 2000
While the construction of the Artprice100 is inspired by that of the S&P 500, the two indices nevertheless remain profoundly different and should be compared with caution.
The Artprice100 is designed as a portfolio of artworks representing the one hundred most important artists on the art market (see the composition below). It's a purely exercise. It is clearly not possible to acquire a share in all the works by an artist that will be auctioned in the coming year. In fact, no-one can even predict which works will hit the secondary market over the next twelve months. But the results as a whole provide an excellent appreciation of the general price evolution for each of these artists.
The composition of the Artprice100 index is based on purely objective criteria. It is established on 1 January of each year on the basis of two criteria, both resolutely independent of any personal preference: . The initial investment is thus made in proportion to the auction performances of the artists over the last five calendar years (2015-2019), on condition, however, : at least seven auction appearances per year over a ten-year period (excluding prints).
There are two good reasons for calculating a specific price index for a set of top-selling artists: firstly it allows the analysis of the performance of a well-diversified portfolio, constructed objectively on the basis of the auction results for well-established artists. Secondly, it allows observation of the evolution of the 100 artists who constitute the veritable hardcore of the global Art Market.
Pablo Picasso remains the portfolio's dominant artist with a weight of 8.8% in the initial investment. On the basis of all original works by Picasso sold at auction in 2020, Artprice calculates that his price index increased overall by +2.2% in the twelve months of 2020. This result is perfectly consistent with the overall evolution of the Artprice100 .
Picasso is one of 45 Modern artists included in the composition of the 2020 index. This period of creation is by far the most solid segment of the art market and it represents approximately half of the initial investment.
As in 2019, only four artists have qualified for inclusion in the composition of the Artprice100 in 2020: Yayoi Kusama , Joan Mitchell , Louise Bourgeois and Barbara Hepworth . They account for just 3.3% of the portfolio's total value. On the other hand, the number of artists has increased significantly, thanks to the 'entry' of seven active painters, with only three 'departures' from the composition.
Lee Ufan, Zhou Chunya, Rudolf Stingel , Zhang Xiaogong, Yoshitomo Nara, Takashi Murakami , Zeng Fanzhi
Günther Uecker, Frank Auerbach , Michelangelo Pistoletto
Images:
[https://imgpublic.artprice.com/img/wp/sites/11/2021/03/Artprice100-vs-SP500-1.png]
[https://imgpublic.artprice.com/img/wp/sites/11/2021/03/Artprice100-periods-2.png]
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 ©:
imgpublic.artprice.com/img/wp/sites/11/2019/10/biographie_oct2019_WhosWho_thierryEhrmann.pdf
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 2019 Global Art Market Report published in
February 2020 :
www.artprice.com/artprice-reports/the-art-market-in-2019
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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