Arte e Cultura
Artmarket.com: auctions provide buoyancy for arts and culture industry disrupted by pandemic
With a 10% fall in turnover in 2020, the Old Masters (artists born before 1760) segment appears to have better withstood the impacts of the pandemic than other segments. This is probably due to the fact that a substantial proportion of the year's sales the Old Masters segment represents a remarkably solid market.
" 'right piece' " observes thierry Ehrmann, President and Founder of Artmarket.com and its Artprice Department. " "
The battle to acquire the , attributed to Botticelli, ultimately brought together just two collectors. But these two determined bidders raised the price of the work to Sotheby's very audacious estimate . Announced in September 2020 , its sale deliberately left three months for all concerned to conduct the necessary research.
The British capital usually hosts the year's second round of major sales. In February 2020 , three paintings fetched over $20 million each at London sales:
But the health crisis has led to the postponement of London's first major sales of the year to March 2021 . Moreover, the effective withdrawal of the United Kingdom from the European Union risks weakening London's dominant position in this part of the world. Paris obviously hopes to benefit from this reorganization.
The French capital is also continuing to attract more and more top talent from the Art Market. Since the beginning of the year, two of Italy's most powerful galleries, Continua and Massimo de Carlo , have opened in the Marais District, while Sotheby's is preparing to sell Christo and Jeanne-Claude's prestigious collection in Paris .
The next few weeks promise to be exciting on the art market, both at auctions and in art galleries... some reassuring news ahead of the reopening of museums in Europe .
Julia Jacobs, , The New York Times , 2 February 2021
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