Art Investment

The most expensive contemporary artists for the year. Speed ​​and personal records

French colleagues artprice.com decided not to pull up to the end of the calendar year, and to take stock of the auction contemporary segment from July 2011 to June 2012. After all, the trend is more important than formalities. A trend has been established. Since late 2011 the auction segment of "young artists" (the last ones are born after 1945) is more profitable than a segment of the old masters. And contemporary art now provides 11%of global profits auctions.

But there is an important caveat: these figures are achieved with the Chinese factor. This trend began to show, perhaps, since 2005. Today, the Chinese names in all rankings simply dazzled. Who would have thought that the 2012 list of the top 10 artists by turnover in euro will be half Chinese? 5 of 10 artists! In the year of personal records - and even steeper: 6 out of 10 records belong to the Chinese painters.

In a brief retelling of the results of the year suggest that this time not to focus on artists great neighbor. Let no one be offended: this theme though intriguing, but for me, very heavy. It requires a very special level of expertise, drawing on insider knowledge of the situation. Same time for an objective understanding of the process has been too little.

So, the top 10 contemporary artists on the auction turnover headed by Jean-Michel Basquiat (1960-1988) . For the period from 1 July 2011 to 30 June 2012 of his works were sold almost 80 million euros. For comparison, this is about 6 times more than the domestic auction market in Russia. On 3rd place (Chinese skip) - Christopher Wool (1964) with a turnover of 22 million euros. Behind him is Damien Hirst (1965) - 21 million euros, 4th place . And then - Richard Prince (1946, 7th , turnover € 16 million) and Jeff Koons (1955, 9 - th , 15 million euros). All first names are obvious. Presence in the top 10 in terms of turnover - bright criterion "market" of the artist. That is, the collectors have enough material on hand, and the current price levels are supported by regular repeat sales. The presence of such a strong market - an important signal to investors, reducing their risks.

In the ranking of top 10 personal records, the main star again, Jean-Michel Basquiat. Fashion for this in the past, "street artist" is growing from year to year, and prices have moved into a gallop. Five years ago, buying a 2.5 million euro caused a sensation. Today, a record price above EUR 14 million. Artist has unofficially put on a par with his friend and co-author of Warhol, but the work of African-American graffiti writer's are much more accessible. In general, the case of the Basque is one of phenomenal. The artist died of an overdose 24 years ago, young people may know of it only from legends. Instead of becoming an artist for a select circle of connoisseurs, collectors, he miraculously became the idol of the current young generation. Recently released Reebok sneakers Basquiat - c graffiti and branded crown, signed by the artist. For who? Hardly the same for Bruno Bishofbergera opened the first Gallery exhibition Basquiat back in 1981.

On the second line in the list of records - Briton Glenn Brown (Glenn Brown, 1966) with " hammer "of 5.7 million euros. The artist has participated in the legendary exhibition of Charles Saatchi 'Sensation. Young British Art "in 1997. Subsequently, his career contributed cooperation with Larry Gagosyanom. A year after the "Sensations", Brown began to appear at auction. Gradually, in the ten years from around 20 euros they increased by 15 times. In 2010, Brown joined the "club auction millionaires." And now I take the bar, and 5 million euros - at Sotheby's June 26, 2012.

third in the list of champions - original abstract artist Christopher Wool (1955). On a huge, almost three-meter, aluminum sheet wrote four black letters - FOOL - «a fool." Each letter cost the new buyer of 1.3 million euros, plus fees and taxes. For Voula is not the first stencil "fool", sold more $ 5 million. The exact same pattern, but the blue, Blue Fool, was sold in 2010 to New York for $ 5.1 million.

name of the last non-Chinese artist in the list is not one of the well-known. Yet. Meet Mark Grotyan (Mark Grotjahn, 1968). His two-meter abstract "Yellow Butterfly", which was on display at the Gagosian Gallery, went to New York for 1.38 million euros, excluding commissions and fees. Strange? Not at all. Geometric "butterfly" - one of the key themes in the artist. The right thing with the right provenance in the right place - and here's the result.

This offer until interrupted, although interesting information in the report, there are many colleagues - and the record in contemporary photography, and the boom in the sculpture. Unfortunately, the Russian names in the top 500 contemporary artists do not. Our art market quietly aloof, stating other "records". Since November 7, our The Central Bank raised its forecast for the outflow of capital from Russia in 2012 from 65 billion to 67 billion dollars . What is not a record? In short, what kind of life - the songs.

Vladimir Bogdanov, AI

Sources : artprice.com , rbc.ru , sothebys.com , christies.com , artobserved.com , nyogalleristny.files.wordpress.com , aqnb.com , brand.reebok.com , artinvestment.ru


Permanent link to:
https://artinvestment.ru/en/invest/analytics/20121108_10_top.html
https://artinvestment.ru/invest/analytics/20121108_10_top.html

When quoting reference to the https://artinvestment.ru without fail

© artinvestment.ru, 2024

Attention! All materials of the site and database of auction results ARTinvestment.RU, including illustrated reference information about the works sold at auctions, are intended for use exclusively for informational, scientific, educational and cultural purposes in accordance with Art. 1274 of the Civil Code. Use for commercial purposes or in violation of the rules established by the Civil Code of the Russian Federation is not allowed. ARTinvestment.RU is not responsible for the content of materials submitted by third parties. In case of violation of the rights of third parties, the site administration reserves the right to remove them from the site and from the database on the basis of an application from an authorized body.

Услуги ARTinvestment

Арт-консалтинг

Индивидуальные консультации от опытных искусствоведов по любым вопросам в сфере искусства

Составление Инвестиционного Портфеля

Подбор предметов искусства для инвестирования под любую инвестиционную стратегию

Индивидуальная оценка

Наши эксперты проведут профессиональную оценку вашего предмета искусства, учитывая его состояние, авторство, историю и другие факторы

500+

Проведенных аукционов

8 800+

Зарегистрированных пользователей на аукционе

343 000+

Записей в базе

16 000+

Художников в базе

This site uses cookies, it can collect data about IP addresses and users. N 152-FZ «On Personal Data» and continue working with this site, you confirm your consent to the processing of personal data in accordance with the law N 152-FZ «On Personal Data» and «The policy of LTD «ArtIn» with regard to the processing of personal data».