Young shoots of the art market: 2011
ARTinvestment.RU   08 февраля 2012

Another is devoted to Artprice ranking the most successful contemporary artists, has not yet reached 30 years

Sector of Modern Art in 2011 was 12 per cent of the global art market, selling it brought $ 1.2 billion, but only 1 percent of that amount recorded into your account very young artists, has not yet reached 30 years. In 2010, Artprice has appealed to the theme of the young shoots (artists under 30 years). Since then, replaced by leaders of the ultra-modern sector of the market, and prices for the work of young several times higher than they were in 2010 (then the most expensive work of the author and 30 years was worth 78,000 dollars).

Jacob Kessen - star among artists under 30 years

in the top ten results of 30 artists years, seven items belong Kessen Jacob (Jacob Kassay, b. 1984), whose auction career began in late 2010. The growth of the artist (in terms of career and the price of the work) can be called stunning: in 2005 he graduated from the State University at Buffalo, in 2008 signed a contract with a gallery of Eleven Rivington, and in 2009 he had his first solo exhibition, at which, apparently, all works were sold before the opening. One of these works - "Untitled" (2009) - in November 2010 came up for sale with Phillips de Pury encouraging estimate of 6-8 thousand dollars (twice the price for which the painting was bought by the gallery). The new owner paid for the work of nameless Kesseya at least 70 thousand dollars: it was the best auction debut of the modern artist in history, as well as the best result of the artist and 30 years in America for the entire 2010 ... One of the sales were enough to attract attention to the talented youth, and the art market quickly noticed a gifted artist.

Following the sale at Phillips in the art community began to walk the intricate rumors - say, the price of the work is deliberately inflated the gallery PACE, intending to enroll the artist in its ranks. In 2011, the price index has continued to grow Kesseya works: 12 works have appeared at auction 11 significantly exceeded the estimate.

in May 2011 at Phillips auction, along with portraits of "Liz" Warhol and the "nurse" Prince was represented by another work Kesseya "Untitled" (2009), which is four times higher than the estimate and sold for 240,000 dollars (1st place) . This latest work, got up for auction right out of the studio, has become the embodiment of creativity Kesseya. Artist's works inspired by Robert Riemann (Robert Ryman) and Pierre Soulages (Pierre Soulages). Mixing the paint and the silver paste, the author has invented an entirely new artistic technique: on the surface of the canvas, he creates a unique texture that is most reminiscent of the murky mirror.

ESSC JACOB Untitled. 2009 Acrylic on canvas, silver paint. 121,9 × 91,4 Phillips de Pury. 12.05.2011 . Lot number 1 Output: 240 thousand dollars Source: phillipsdepury.com

ESSC JACOB Untitled. 2009 Acrylic on canvas, silver paint, thread. 122 × 91,5 Phillips de Pury. 06/27/2011. Lot number 2 Result: 191 568 USD Source: phillipsdepury.com

In June, again at Phillips de Pury, but this time in London, Another work, "Untitled" (2009) sold for 191,000 dollars (third place) . And in October, again on the London auctions Phillips, like the work has reached a hammer price of 210,000 dollars (2nd place) , which is three times higher than the estimate - and this despite the fact that a year has not passed since its inception! Next to the gold vein Phillips joined Christie's and Sotheby's: all three auction houses offered to buyers of the unnamed Kesseya and earned them 150 thousand dollars and above (4th, 5th and 6th place) . Six of the best auction results have been achieved Kesseya Jacob's paintings about the same size (122 x 94) and one period (2009-2010).

Despite constantly rising estimeyty (some go up to 150 thousand dollars ), none of the works Kesseya not fall in the price: the last 10 months the picture mirrored the young artist sold for a sum of 24 thousand dollars. Even for small format work (35 x 25) give buyers 30 to 80 thousand dollars. This is the seventh best score of the author: the work of the two parts of the format 33 x 22,5 went for 85,000 dollars in New York (9th place) .

26-year-old Kessen had already seen his work close to the works of Basquiat, and Prince, Gagosian Gallery exhibited in (next to Andy Warhol), the Kwangju Biennale in South Korea, and Art Basel. Of course, now the youngest American to compete for it, to keep the bar taken, because the history of the art market saw many devastating falls, after all-time highs.

Still, only two Chinese and one French managed to get into the ranking of artists under 30 years ...

Flore Sigrist (Flore Sigrist, b. 1985) was only seven years old when she started draw, and after a few years her work has attracted the attention of many collectors. Sigrist work, full of poetic aesthetics, referred to as "abstract impressionism". Young Swiss-French artist made her debut at an auction in 2011, even without the proper support of gallery. At public auction had been sold two works Sigrist, one of them - "Diptych" (2010) - sold for 97.9 thousand dollars (7th place). This happened at Artcurial in Paris on October 11 . The interest of French buyers clearly fueled compliment the artist, Sotheby's employee made by Alan Rene (Alain Renner): he not only praised her work, but also mentioned that they are actively buying American, Russian, Chinese and Europeans. The second work on the left Artcurial more 60 thousand dollars.

FLOR SIGRIST Diptych (Memories of Russia). 2010 Acrylic on canvas. 200 × 200 Artcurial. 11.10.2011. Lot number 352 Result: 97 $ 495 Source: askart.com

QIN LEE Spot the Difference number 9. 2005 Oil on canvas. 170 × 130 Poly International. 02/06/2011. Lot number 968 Result: 80 $ 340 Source: artprice.com

Chinese artist Gao Yu (Yu Kao, kind of .1981) and Qin Li (Qing Li, b. 1981) have distinguished themselves in 2010: their annual auction turnover amounted to 800 and 209,000 dollars respectively. In 2011 Yu Gao sales fell by half (to 477 thousand dollars), and the market Qin Li, by contrast, grew to 269 thousand dollars. Each of these young Chinese in 2011 were excellent results, and one went into achieving this rating.

22-year-old Gao Yu, burst on the art market, operated by the scheme has already proven its predecessors (including Warhol): Chinese decided to turn to the relationship between art and advertising (in 2010 he created the design of the bottle of vodka "Absolut" - the same thing, but only 25 years earlier, did Andy Warhol). The work of Gao Yu, "Five Hundred Years of Solitude" in 2011 sold for 96,000 dollars (8th place) . Overall, since 2009, 75 percent of the work of Gao Yu was sold 20 thousand dollars more expensive. While best results are a young author by 2010 (over 130 thousand dollars).

Chin Lee, he stepped over the threshold of the school, received a solo exhibition at the Beijing F2 Gallery. This happened in 2006, and in 2008 she made her debut work of the artist at auction. The best known works from the Qin Li a series of "Spot the Difference" - a pair of very similar patterns with some differences intentionally admitted. Spectator drags this game is to compare the two pictures. It is therefore not surprising that one of these works was sold for 80,000 dollars at the June auction in Beijing (10th place) .

While most of the artists under 30 years still seeking his first exhibition in a sky-art art market there are individual stars, for whom the main thing - do not fall, do not lose the achieved level of prices. But it can be challenging, because the art market in its auction of such an extravagant and forgetful. Of the eight artists who were part of the growth in the previous ranking of artists up to 30 years for the first half of 2010 , only one was improve its results in 2011.

Prepared by Mary Onuchina, AI

Sources : artprice.com , artinvestment.ru