Arte e Cultura
Artmarket.com: The young artists being snapped up in the art market's three major capitals, and, the Artprice Top 20
Having been revealed in the West, first in galleries, then in museums and sales rooms, it is now in Hong Kong that Nicolas Party , Avery Singer and Shara Hughes are recording their new auction records. Hong Kong , the gateway to Asia and Oceania, is pushing up prices and almost ignoring the estimates based on Western results.
On 25 May 2021 , Shara Hughes' painting (2010) – estimated between $80,000 and $120,000 – sold for $612,000 at Christie's Hong Kong . Faced with this result, the New York and London branches will have to find a way to stimulate demand... probably by including Shara Hughes in more 'prestige' sessions. Otherwise, they will have to accept that the best works by the young American painter transit through Hong Kong (as long as demand there remains strong).
The French capital is hardly participating in the development of these young stars on the auction market. Is this because Paris is a more cautious market, less sensitive to fads? Or is it because Paris is less attractive than its rivals when it comes to bringing together a) new works in high demand, and b) collectors who would buy and sell these pieces? The answer is probably a mixture of both reasons.
Claire Tabouret, one of France's most promising young painters, lives and works in Los Angeles . Not one of her works has been auctioned in France for over a year. Her two drawings offered by Piasa's Parisian auction outlet in January 2021 failed to sell. And yet demand for Claire Tabouret's work is currently exceptionally strong, as confirmed by her latest record of $870,000 at Christie's New York in May 2021 for her (2014).
Having each sold a first NFT through auction this year, Beeple, Larva Labs and Mad Dog have all joined the art market's Top 10 young stars. But with just one result in the auction sphere, these artists cannot be said to have a generally accepted 'price level'. However, new works are on sale this week at Sotheby's in a sale totled , organized in New York.
NFT auctions remain primarily an American specialty. The European auctioneer Millon was the first to organize a dedicated NFT session in Europe on 20 May 2021 in Brussels . With much more reasonable prices – the results ranged from $800 to $23,000 – these sales are helping to strengthen a market still searching for stability.
Images:
[https://imgpublic.artprice.com/img/wp/sites/11/2021/06/image1-artmarket-artprice-geographic-distribution-top-20-artists.png]
[https://imgpublic.artprice.com/img/wp/sites/11/2021/06/image2-artmarket-artprice-auction-houses-top-20-artists.png]
is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.
Discover Artmarket and its Artprice department on video: www.artprice.com/video
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 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
Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (over 5 million followers)
twitter.com/artmarketdotcom
twitter.com/artpricedotcom
Discover the alchemy and universe of Artmarket and its artprice department https://www.artprice.com/video headquartered at the famous Organe Contemporary Art Museum "The Abode of Chaos" (dixit The New York Times ): https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
L'Obs - The Museum of the Future: https://youtu.be/29LXBPJrs-o
www.facebook.com/la.demeure.du.chaos.theabodeofchaos999
(4.5 million followers)
https://vimeo.com/124643720
Photo - https://mma.prnewswire.com/media/1530681/Artmarket_Top_20_Young_Artists_Sales.jpg
Photo - https://mma.prnewswire.com/media/1530682/Artmarket_Top_20_Young_Artists_Market_Share.jpg
Logo - https://mma.prnewswire.com/media/1009603/Art_Market_logo.jpg
Contact Artmarket.com and its Artprice department - Contact: thierry Ehrmann, ir@artmarket.com