1977 Washington Quarter
Artprice: H1 2018 Global Art Market Report - all indicators are positive
with $2 billion in turnover, reduced its unsold rate before a decisive
8 Modigliani and Picasso both scored results above $100 million threshol
* Public sales of Fine Art (Painting, Sculpture, Drawing, Photography, Prints, Installations)
**In collaboration with Art Market Monitor of Artron (AMMA)
Worldwide, the Art Market grew by +18% in H1 2018, pursuing the growth we saw in H1 2017 (+9%) and confirmed in H2 2017 (+32%).
At a global level, more than 262,000 Fine Art lots were auctioned in the first six months of 2018, generating a total product of $8.45 billion (including fees). Artprice, the world leader in Art Market information since 1987, has systematically analysed and digested the results of more than 3,532 auction sales around the world. This half-year report covers public sales of Fine Art (painting, sculpture, drawing, photography, prints and installations).
Read Artprice.com's H1 2018 Global Art Market Report online at:
https://www.artprice.com/artprice-reports/global-art-market-in-h1-2018-by-artprice-com
According to thierry Ehrmann, Artprice founder and CEO, "
has demonstrated an exceptionally high degree of mat
Since then, it has been operating against a backdrop of negative interest rates that undermine the value of savings and, more recently, in a global context of heightening
geopolitical tensions. During these past 18 years, the Art Market has
avoiding its own collapse in the face of financial cris
The attractive returns on art over the last few years have outperformed many other investments and the Art Market has become an independent, liquid and efficient market on all continents.
artists by sales product indicates China has acquired, over he years, a significant position in the Art Market and now boasts 128 of the world's 500 most-rated artists, far ahead of the United States (82) and Great Britain (27).
Chinese institutional partner, Artron Group and AMMA (Art Market Monitor by Artron),
Despite a relatively unfavourable economic context, the global art market has shown signs of buoyancy, driven by a powerful combination of investment logic, speculative buying, passion collecting and insatiable demand for major signatures from new museums around the world.
These growth drivers rely heavily on easy access to reliable Art Market information such as provided by Artprice (pioneer and global leader in the field) and have been boosted by a whole series of underlying phenomena. These include a rapidly spreading awareness that every aspect of participation in the art market, including online sales, can be conducted via the Internet (98% of participants are connected to Internet); a financialisation of the art market's high-end fostered by its stability and transparency; a rapid increase in the art-buying population from roughly 500,000 after 1945 to approximately 90 million in 2018; a significant reduction in the average age of market players and a major geographical expansion of the market to nearly all of Asia, the Pacific Rim, India, South Africa, the Middle-East and South America.
Another massive Art Market driver is the new-era museum industry (700 new museums per year) that has become a significant economic reality in the 21st century. More museums opened between 2000 and 2014 than in the previous two centuries.
Hungry for museum quality works, this sector is one of the primary drivers of the Art Market's spectacular growth. The Art Market is now both mature and liquid, offering yields of 10% to 15% per year on works valued over $100,000.
Considering these macro- and micro-economic data, the past 18 years have confirmed the Art Market's potential as a safe haven against economic and financial turbulence, generating substantial and recurring yields.
With central banks effectively working in a negative interest rate environment, the Art Market looks very healthy by comparison having posted a 2,108% growth in the annual auction turnover of its Contemporary segment over the past 18 years. The global Art Market has also posted linear growth
In the average value of an artwork (Old, Modern and Contemporary) of +25% over the same period. If we look at the Contemporary segment alone, the progression is +88%.
These returns are not just reserved for "star" artists. We find a substantial average annual yield of +9% on works sold above the €20,000 threshold.
The Artprice100® shows a progression of +360% since 2000. About Artprice100® :
https://www.actusnews.com/fr/ARTPRICE/cp/2018/01/31/artprice-launches-its-blue-chip-art-market-index-artprice100-reg-designed-for-financiers-and-investors
The Art Market is an efficient, historical and global market whose capacity to resist economic and geopolitical crises requires is now beyond doubt.
Artist - Turnover (USD) - Number of works sold - Best result (USD)
1 Pablo PICASSO (1881-1973) - $602,865,747 - 1,841 - $115,000,000
2 Claude MONET (1840-1926) - $267,055,149 - 22 - $84,687,500
3 Andy WARHOL (1928-1987) - $175,393,487 - 778 - $37,000,000
4 Jean-Michel BASQUIAT (1960-1988) - $162,756,656 - 64 - $45,315,000
5 Amedeo MODIGLIANI (1884-1920) - $160,869,523 - 22 - $157,159,000
6 ZAO Wou-Ki (1921-2013) - $154,558,288 - 268 - $23,305,301
7 Henri MATISSE ( 1869-1954) - $144,675,227 - 227 - $80,750,000
8 ZHANG Daqian (1899-1983) - $107,478,086 - 283 - $13,129,521
9 Kasimir MALEVICH (1878-1935) - $96,248, 500 1977 Usd Value Today ,812,500
10 Joan MIRO (1893-1983) - $87,818,817 - 696 - $21,687,500
11 Gerhard RICHTER (1932-) - $80,720,365 - 177 - $16,563,000
12 David HOCKNEY (1937-) -$77,358,842 - 214 - $28,453,000
13 Alberto GIACOMETTI (1901-1966) - $73,528,071 $ - 74 - $16,647,567
14 Francis BACON (1909-1992) -$73, 156 1977 Usd Value Today ,871 - 58 - $49,812,500
15 Constantin BRANCUSI (1876-1957) -$71,921,220 - 3 - $71,000,000
16 QI Baishi (1864-1957) - $64,402,510 - 169 - $8,753,015
17 Paul GAUGUIN (1848-1903) - $63,511,735 - 34 - $35,187,500
18 Fernand LÉGER (1881-1955) - $ 62,655,125 - 122 - $19,437,500
19 Richard DIEBENKORN (1922-1993) - $62,311,216 - 54 - $23,937,500
20 Yayoi KUSAMA (1929-) - $61,861,631 - 344 - $4,534,985
1 Amedeo MODIGLIANI (1884-1920) - Nu couché (sur le côté gauche) (1917) - $157,159,000 - 14/05/2018 - Sotheby's New York
2 Pablo PICASSO (1881-1973) - Fillette à la corbeille fleurie (1905 ) - $115,000,000 - 08/05/2018 - Christie's New York
3 Kasimir MALEVICH (1878-1935) - Suprematist Composition (1916) - $85,812, 812 1977 Usd Value Today
4 Claude MONET (1840-1926) - Nymphéas en fleur (c.1914-1917) - $84,687,500 - 08/05/2018 - Christie's New York
5 Henri MATISSE (1869-1954) - Odalisque couchée aux magnolias (1923) - $80,750,000 - 08/05/2018 - Christie's New York
6 Constantin BRANCUSI (1876-1957) - La jeune fille sophistiquée (1928) - $71,000,000 - 15/05/2018 - Christie's New York
7 Pablo PICASSO (1881-1973) - Femme au béret et à la robe quadrillée (1937) - $68,702,214 - 28/02/2018 - Sotheby's London
8 Pablo PICASSO (1881-1973) - La Dormeuse (1932) - $57,829,046 - 08/03/2018 - Phillips London
9 Francis BACON (1909-1992) - Study for Portrait (1977) - $49,812,500 - 17/05/2018 - Christie's New York
10 Jean-Michel BASQUIAT (1960-1988) - Flexible (1984) - $45,315,000 - 17/05/2018 - Phillips New York
Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.
Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice's art historians.
Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world's principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world's leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label)Artprice's Global Art Market Annual Report for 2017 published last March 2018:
https://www.artprice.com/artprice-reports/the-art-market-in-2017
Artprice's Contemporary Art Market Annual Report for 2017 - free access at:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017
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