Contemporary World Art: cash, events, trends

ARTinvestment.RU – 24.10.2008,06:59

Jeff Koons A flower from a balloon (Purple). Source: artinvestment.ru





ZHANG SYAOGAN Pedigree. Large Family number 3

Source: artnet.com





ANISH Kapoor Untitled

Source: artinvestment.ru





Andreas Gurskaya Los Angeles

Source: artnet.com





Michele Barceló White Rose

Source: artnet.com





RICHARD PRINCE Nurse prevented men, № 2. Source: artnet.com

Paris Contemporary Art Fair takes place FIAC (Foire Internationale d'Art Contemporain) , where you can get a yearbook, published by the analytical resource Arprice with the support of the insurance company Axa Art. This yearbook analyzes the main trends in the market of contemporary art (contemporary art).

It should be pointed out that «modern» artists on the condition of the drafters, are those born after 1945. This classification includes both living and deceased artists have: the main thing - the year of birth. For example, Basque, Jean-Michel (Jean-Michel Basquiat), who was born in 1960 and died in 1988, falls within the category of contemporary artists, and now live Gerhard Richter (Gerhard Richter), born in 1932, considered a «post - ». Which is correct.

What do the findings of the drafters of the compilation? The main trend of recent years is clear: the movement of the art world to a multipolar (just like in politics). More than 50 years in the market dominated by United States and Britain, but now they are closely China, India, the countries of the former Commonwealth of Independent States and the Middle East. However, the artist, whose works have the greatest amount at auction - all so American. This, of course, Jeff Koons (Jeff Koons). Artprice.com a list of works, showed the best results at the auction from 1 July 2007 to 30 June 2008. It is important to note that to date, ranking should be viewed with some reservations, because it does not take into account the auction results creations Demiena Hurst (Damien Hirst). The thing is that two of the most expensive work of Hirst - «Sleeping Spring» and «Gold Taurus» - were sold in June 2007 and September 2008 on, respectively, so they do not fit in the «time-frame» to the collection. Most likely, «Golden Taurus» will take place high in the ranking next year already. So, what happens at the end of June 2008.

The most expensive work of contemporary artists, were sold at public auction for the period from 1 July 2007 to 30 June 2008

1. Jeff Koons. «A flower from a balloon (Purple)». Auction price: 11.5 million pounds (14.5 million euros). Christie's. London. 30 June 2008.

2. Jeff Koons. «Heart Pendant (Purple /Gold)». Auction Price: 21 million dollars (14,4 million euros). Sotheby's. New York. 14 November 2007.

3. Takashi Murakami (Takashi Murakami). «My lone cowboy». Auction price: 13,5 million dollars (8.7 million euros). Sotheby's. New York. May 14, 2008.

4. Jeff Koons. «Diamond (Blue)». Auction price: 10,5 million dollars (7.18 million euros). Christie's. New York. 13 November 2007.

5. Jeff Koons. «The new vacuum cleaner Hoover Convertible, new vacuum cleaners Shelton Wet /Dry, 5-gallon, two-structure». Auction price: 10,5 million dollars (6.79 million euros). Christie's. New York. May 13, 2008.

6. Cai Guoqiang (Cai Guo-Qiang). «Untitled». Auction Price: 66 million HK dollars (5.7 million euros). Christie's. Hong Kong. 25 November 2007.

Seventh place in the list given to the work of Jeff Koons «Michael Jackson and chimpanzee Babblz», sold for 5.1 million dollars (5.7 million euros) at Sotheby's in New York on 15 May 2001. But no reports of subsequent sales of the items on artprice.com not found, so its position in the ranking raises some doubts ... Maybe a mistake?

8. Zeng Fanchzhi (Zeng Fanzhi). «№ 6 of a series of" Mask "». Auction Price: 67 million HK dollars (5.4 million euros). Christie's. Hong Kong. May 24, 2008.

9. Jeff Koons. «Nudes». Auction Price: 8 million (5.1 million euros). Sotheby's. New York. May 14, 2008.

10. Syaodon Liu (Liu Xiaodong). «Hearth number 1». Auction Price: 51 million yuan (4.66 million euros). China Guardian Auctions. Beijing. April 28, 2008.

In general, Koons and three Asians. It is noteworthy that the first four positions in the ranking took the sculpture, the fifth - the installation, the sixth - the mysterious drawings created with gunpowder, and only the eighth - «traditional» oil painting on canvas. But this does not mean that painting is not in Tabor: on the contrary, in recent times, it is experiencing a real renaissance. Here the ball ruled the Chinese: the list of top ten artists listed on the market they belong to at least seven positions!

Over 17 years (from June 1991 to June 2008-On) price index of contemporary art has risen by 132 per cent, which is about five times higher than in other segments of the art market (the work of Old Masters, Art XIX century, modernism and post-war art). Over the past 12 months the index rose by 12.5 per cent, but because of the grim situation in the world economy, it is possible that soon the market will start a correction. This summer, the index of consumer confidence in the marketplace of contemporary art for the first time in a long time spread down . Recently in London the auction Sotheby's, Christie's and Phillips de Pury, the past is not very good, that causing anxiety from those who relies on the constant growth .

However, 2008 could be a good market for contemporary art. For the year (from summer 2007 to summer 2008 on) were set personal records for a minimum of 1760 authors born after 1945. 28 records - the price pereshagnuvshie mark of one million dollars. From these records 10 - Chinese. With the crazy prices auction house was able to sell works of art at 980 million euros, which is 50 percent higher than last year - while the number of transactions remained the same.

As already said, the most fashionable pieces of art - this sculpture. Sculpture is experiencing an unprecedented boom auction . In 2007, only three of 14 had amounts exceeding a million dollars, and for the first six months of 2008 the first such high sculpture was already 18. It is estimated Artprice.com, in 2006-2007, the sculpture takes up only 12 percent of the art market, and in 2007-2008 - already 18 per cent. The authors of the most famous sculptures - Hurst, Koons and Murakami - do not put your hand to the creation of their creations: they only invented the concept, but all «menial job» assistants perform. Therefore, they succeeded perfectly «flood» its labor market. Much more rarely appear at auction sculpture Kattelana Maurizio (Maurizio Cattelan), Robert Gaubert (Robert Gober) and Anisha Kapoor (Anish Kapoor), who, incidentally, is also listed very high.

Here is the market crowded Chinese painting artists. Last year, the market of contemporary art from the Middle Kingdom was 105 million euros, while in the period from 1 July 2007 to 30 June 2008 on, he doros to 178 million, an increase of 69.5 percent. For comparison: the market for contemporary art in the United States grew by only 26 per cent. The number of Chinese artists, whose works for the buyers were willing to pay more than a million dollars, has grown from six to eighteen. In 2003-2004, the total value of works of the most popular Chinese authors accounted for around 1 million euros, and over the past 12 months it rose to 315 million! The most impressive results were shown by three artists, the total cost of each of which was approximately 30 million Euro.

So, the main «star auctions» comes from the Middle Kingdom - Fanchzhi Zeng, Zhang Syaogan (Zhang Xiaogang) and Mintszyun Yue (Yue Minjun). All they do in painting. Pictures of their very similar, so we can say that the most fashionable and expensive canvases are those on which shows a lot of the same individuals. Only Zhang Syaogana these people are thin, beautiful and sad, with Zeng Fanchzhi they closed the same laughing masks, and the Yue Mintszyunya they are like the artist, calling at the sides.

Over the past 12 months prices for the work of Chinese artists grew by 25.4 per cent, while over the past 10 years - by 1 050 percent. But with prices, however, increased the number of unsold works. This indicates that buyers have been carefully selected and are no longer wanted «revenge everything».

The most eloquent testimony to the Chinese art boom was that of the ten most successful auction houses, seven - the Chinese.

Auction house, earn more in the period from 1 July 2007 to 30 June 2008

1. Sotheby's. 14 536 000

2. Christie's. 14 430 900 Euro

3. Phillips de Pury & Company. 8 706 150 Euro

4. Poly International Auction Co., Ltd. 7 189 350 Euro

5. China Guardian Auctions Co., Ltd. 6 791 400 euro

6. Borobudur Chinese Contemporary Auction, Ptd.Ltd. 5 721 540 euro

7. Ravenel Art Group. 5 712 374 euro

8. Zhong Chang Auctions Co., Ltd. 5 452 460 euro

9. Shanghai Hosane Auction Co., Ltd. 5 159 200 euro

10. Beijing Council International Auctions. 4 663 950 euros

On the rise now is not only Chinese but also Indian Art . Economic development has brought to fruition: a lot of collectors willing to invest in the creativity of contemporary artists, and India has become a new Eldorado for collectors and speculators. The most successful Indian artist Artprice.com named Anisha Kapoor, although the author, famous for its giant statues, to the same extent belongs to the West as the East. Kapoor has been for many years lived in the UK and considers himself an Englishman more than the Hindus. Nevertheless, lyrics lyrics, and the prices of works by this amazing artist grow. Kapoor made his debut at a public auction in the 1980's, where one of his works was sold for a sum equivalent to 15 400 euro. Since then, the price of his work extend at least two noughts. But this is not the most impressive results. Another artist, Subodh Gupta (Subodh Gupta), which is called «Indian Hurst», in 2005, sold his paintings for 10 thousand euro, as the 2007-meters, the same works of caring for 100-200 thousand! Yet another record - the young artist Rakib Shaw (Raqib Shaw), whose works are sold in the prestigious Victoria Miro Gallery and exhibited at the New York Museum of Modern Art. According to July 2008, for 10 years, the price index Artprice on Indian contemporary art has grown to 3 230 percent!

Of course, in the annual Artprice mention art . Much of the boom on him due to auction activity wealthy buyers from the Arab countries. Soon, the UAE capital Abu Dhabi will become the cultural center of the region: there are now constructed four major museum, the architects who have become the main star of world architecture - Nouvelles, Jean (Jean Nouvel), Zaha Hadid (Zaha Hadid), Tadao Ando (Tadao Ando) and Frank Geri ( Frank Gehry). One of these museums is called «Louvre», another - «Guggenheim». Dubai and the capital of Qatar, Doha is not lagging behind. But the most famous masters of the Middle East are not Arabs, but Iranians . The largest amounts at auctions bring creations Farhad Moshiri (Farhad Moshiri), Tanavoli Parviz (Parviz Tanavoli) and Shirin Neshat (Shirin Neshat).

However, sales of high-profile account for only about one thousand of the art market. More often, people buy art, which is cheaper than 5 thousand euro. And in the segment of affordable art, all filled the same Koons, Hurst, and Murakami: in addition to sverhdorogih sculptures and installations, they produce more and mass production. However, buying a few hundred euro Hirst print or teddies Murakami, highly unlikely to get rich. According to Artprice.com, works at the cost of 50 thousand euro and higher yield much more revenue than the cost of the price up to 5 thousand. For 10 years the price of «Affordable Art» increased by 47,9 percent, respectively, each year the cost is growing at 4 percent. But the amount, which helps to tender expensive products, in 10 years grew by as much as 589 percent - a gain of 21 percent per year. But for those who purchase works of art not for investment but for fun, genuinely fond of contemporary art and artists is not a millionaire, now has come this expanse. For the price up to 5 thousand euro to buy the work of such stars as Esitomo Nara (Yoshitomo Nara), Robert Komba (Robert Combas) Keith Hering (Keith Haring).

sometimes happens that the product purchased within a few hundred euros, then yielded hundreds of thousands. That is what happened to the works of well-known street artist called Banksy. His paintings first appeared at a public auction in 2003. Then they were sold for 800 pounds sterling. And recently one of his works brought to auction 1.7 million dollars! It was indeed a crazy success. Incidentally, note collectors: street art is «a horse» !

In Yearbook Artprice.com is also published Top-50 list of the most successful auction debuts in 2007 . Of course, the majority (75 percent) of artists in this ranking comes from China. But the Russians also have much to be proud of: the first line in the list of our compatriot won Eugene Chubarov . However, to modern artists do not otnesesh - he was born in 1934. From the Russian artists who were born after 1945, became the most successful debutant Semen Faibisovich .

In addition, Artprice.com list was the most successful modern (contemporary, born after 1945) artists in major art-world nations . It looks like this:

United States - Jeff Koons. 81,3 million euro

United Kingdom - Damien Hurst. 53.6 million euro

China - Zhang Syaogan. 38,5 million euro

Japan - Takashi Murakami. 18,5 million euro

India - Anish Kapoor. 8 million euro

Italy - Shtingel Rudolf (Rudolf Stingel). 7,7 million Euro

Germany - Andreas Gurskii (Andreas Gursky). 5,8 million Euro

Spain - Mikel Barceló (Miquel Barcel ó ). 4 million euro

Iran - Farhad Moshiri. 1,6 million Euro

Switzerland - Ugo Rondinone (Ugo Rondinone). 1,5 million Euro

France - Robert Komba. 1,3 million Euro

Belgium - Luc Toymans (Luc Tuymans). 1,1 million euro

The list represents only those artists (and, consequently, those countries), whose work brought the total for the year more than 1 million euro. Among contemporary artists from Russia the largest amount of sales recorded for the work does not Ilya Kabakov , born in 1933, and the late surrealist Leonid Purygina (1951-1995) . Auction turnover of its products - 900 thousand euros.

The most interesting in the annual Artprice is, of course, the rating Top-500 most successful contemporary artists. The first 10 places in the list of leaders in the auction turnover of money as a very predictable.

1. Jeff Koons (U.S., Dr.. 1955). Auction turnover: 81,3 million euro.

2. Jean-Michel Basque (SSHA. 1960-1988). 63,6 million euro.

3. Damien Hurst (United Kingdom, Dr.. 1965). 53,6 million euro.

4. Prince Richard (Richard Prince) (U.S., Dr.. 1949). 38,7 million euro.

5. Zhang Syaogan (China, p. 1958). 38,5 million euro.

6. Zeng Fanchzhi (China, p. 1964). 33,2 million euro.

7. Yue Mintszyun (China, p. 1962). 33,1 million euro.

8. Takaci Murakami (Japan, p. 1962). 18.5 million euros.

9. Van Guandzi (Wang Guangyi) (China, p. 1957). 14 million euro.

10. Liu Syaodon (China, p. 1963). 13 million euro.

In the last year «admission» in the list of Top-500 was worth 80 thousand euros, this year - 65 thousand. However, the fall in the top ten is difficult. Auction traffic in works of Liu Syaodona, which is in the list of 10 th place at 13 million euros - almost 5 million more than it took Christopher Vulu (Christopher Wool), occupying that position last year. Against the background of the Chinese art boom, almost half rating - 226 seats - owned by Asians (compared to 195 last year). The majority of positions in the list belongs to men. Among the ladies above, all located Cindy Sherman (Cindy Sherman, 26 th), the auction of works of which the turnover was 5,2 million euros.

Mathematically (and how else?) in the rating Top-500 is composed of eight Russian artists: Leonid Purygin (130 -- place), Grisha Bruskin (295 th), Sergei Volkov (355 th), Maxim Kantor (391 th), Svetlana Kopystyanskaya (401 th), Alexander Sitnikov (442 th), Leo Tabenkin (453rd place), and Timur Novikov (464 th), as well as group «AES» (419 th place).

In addition, the Yearbook provides an exclusive overview Artprice market gallery and art fairs, written by a professor of sociology of art Kemeney Alain (Alain Quemin), as well as interviews with art dealers and market survey of French design. The full text is available here .

Material prepared Yulia Maksimova

Sources: artprice.com , artinvestment.ru