French website Artprice published its final annual report on the state of the art market in 2012. Offer to meet with the most important of its figures and conclusions.

This time Artprice used in statistical calculations, not only the data, but the data of Chinese news agency Art Market Monitor of Artron (AMMA). This has changed the final disposition of forces. Because of the increasing amount of data on the Chinese market share of China increased by 6.1%compared to what it could be, based on the data alone Artprice. As a result, in 2012, China's share in the global auction market was 41.3%(according to the old system of calculation would be only 35.2%). In 2011, based only on data from Artprice, China owned 41.4%of the market, ie, the decline is evident. However, the report Artprice Chinese market is still on the first line, while in 2012 in review TEFAF he yielded to the U.S. market .

estimated Artprice and Artron, in 2012, the world auction market totaled 12.269 billion (listed Artprice data do not include buyer's commission Buyer's Premium, therefore, may differ from other data in the materials ARTinvestment.RU). Of these, more than 5 billion (41.3%) - is selling China. In second place the United States with 27%interest (3.345 billion dollars). Britain closes the top three with 2.17 billion and 18%interest. The total balance of power (rounded) would look like this:

market share of individual countries in the global art market

Country	Market share,%	market volume, million
China	41	5068
USA	27	3345
UK	18	2167
France	4	505
Germany	2	188
Switzerland	1	130
Other countries	7	866
World	100	12269

All Artprice report is built on the premise that the global art market has become bipolar. China and Asian countries - on the one hand, the Western art market headed c United States - on the other. Therefore, the report is divided into two parts - about China and about the art market of the Western world. Analysts have concluded that in 2012, the parties are reversed: rosshey by leaps and bounds all the previous years, the Chinese art market began to deflate, and the Western art market with its rich tradition of auction, by contrast, grew by 5.5%and showed a lot of excellent, and then record the results. Just look at the 30 most expensive lots in 2012 (see table below) to make sure. The top 30 lots at this time, only one representative of China - Li Keran (5th). All other works belong to Western artists.

For good performance of western art market can safely thank Christie's and Sotheby's. Bidding these auction houses at all sites, except for Hong Kong (HK sites results Christie's and Sotheby's are to offset China market), brought a total of 5.233 billion dollars. This is 42.65%of the world's art market (as in China, including Hong Kong, already mentioned 41.3%). Chinese art market major players is still Poly International and China Guardian. Together they earned 1.052 billion (ie, about 20%of the total market China).

Why Chinese art market slowed down, and what's coming in the near future? Artprice Analysts blame the fall in the speculative nature of the market. In the Middle Kingdom art, usually seen as objects of investment, collecting "for himself" and "just" are less developed than in the West. This is confirmed by the following figures. Of 449 500 lots were sold worldwide in 2012, China accounted for 32%(149,509 lots). But total revenue from them is much higher (41.3%of the global turnover of the auction). Meanwhile, in the West of about 315,000 sold in lots of 80%a year - is the subject for less than 5000 dollars, that is purchased, most likely, "for himself" and "just." The Chinese art market could also affect economic slowdown, lack of supply of lots in the top segment (collectors prefer to hold their best work to the best of times), the crisis of investment funds, reducing the total number of auctions. In general, for the current period of adjustment for the Asian art market, according to analysts Artprice, must come a period of stabilization. Suffice it to recall the decline in 2008 in the western art market and its subsequent recovery in order to believe in a bright future of the art market China.

Western art market in 2012

The last year for the Western art market was the third turnover in the history (after 2007 and 2008). Only sold 315,000 lots, totaling approximately $ 7.2 billion. In the best ever in 2007 lots were at least 100,000, and the total income from them amounted to 8.71 billion dollars.

Of the 315,000 sold in 2012, lots of core revenue, of course , brought the top of the segment. Last year went under the hammer for the first time 51 works more expensive $ 10 million - so many never did. Works more than $ 1 million was 707 (ie, 0.23%of the total), but they brought $ 3.6 billion (ie 50%of the total turnover of the Western art market). Over the past ten years the proceeds from the top segment increased by 305%, while the total number of lots more million dollars for the decade has grown by 144%. Lots of available segment (less 5000 dollars), as has been said, accounted for 80%of the total number of papers (255,000 items). And this work was available forge France. In this country, was offered a total of 59,000 lots (in the U.S. - 49,300 in the UK - 36 500). But the share of the total turnover of the French western art market was only 7%.

structure of Western art market in 2012, by country

Country	Market share,%	market size, million
USA	46,4	3345
UK	30	2167
France	7	505
Germany	3	188
Switzerland	2	130
Italy	1	106
Australia	1	82
The rest of the country	9,6	677

Most art markets of Western countries in 2012 showed the worst performance than in 2011. British art market fell by 2.9%, France - 3.4%, Germany - 13%, Switzerland - 18%, and Italian - by 23.8%. However, the success of the U.S. still made the overall picture inspiring: compared with the 2011-m, the auction market in the United States has added 21%, or $ 587 million. There is another market, which grew in 2012 - Australian. His 10%increase, as the total amount ($ 82 million) are small, but a good trend is still worth noting, especially since this pro-Western art market is at hand from China.

leading auction houses Western art market in 2012

№	auction house	Share of total auction revenues,%
1	Christie's	37,9
2	Sotheby's	34,7
3	Phillips de Pury & Co	3,8
4	Bonhams	1,5
5	Artcurial	0,8
6	Dorotheum	0,8
7	Koller	0,6
8	Bukowskis	0,6
9	Villa Grisebach	0,5
10	Other	18,8

Capitals Western art market

Central Western art market - is, as always, New York. Of 3.345 billion U.S. dollars turnover 95%(3.1 billion) were in the Big Apple. Such a good level of sales support at New York auction house Sotheby's (1,488 billion dollars), Christie's (1,443 billion) and Phillips (197 million dollars). It was in the New York area Sotheby's in May 2012, set a new absolute record price for a work of art at a public auction, "Scream" by Edvard Munch has been sold for $ 107 million (in the sources are specified price of $ 120 million, subject to Commission Buyer's Premium). Again in New York updated personal record of Mark Rothko (77.5 million dollars) were achieved best results for the year 2012 Francis Bacon ($ 40 million), Roy Lichtenstein (40 million dollars), Claude Monet (39 million dollars) Andy Warhol ($ 39 million) and others. Of the 30 most expensive lots in 2012 (see table below), 20 were sold in New York.

for New York with a lag of one billion dollars to be London. The capital of Albion has 99%of the net sales of British art market (2.1 billion dollars). In London, in contrast to New York, the first among the auction houses Christie's took with annual revenues of 1.129 billion (52%of the UK market). As many as 16 lots Christie's in London reached a hammer price of more than $ 10 million. At rival Sotheby's in London on such lots was only 5, and the total revenue of the British auction house was about 845 million (39%of the UK market). With a large backlog of major players followed Phillips (3,5%), Bonhams (2,8%) and MacDougall's (1,1%). Among the outstanding results of the London sites should mention the sale of works by Raphael (42.7 million), Joan Miró (32.9 million) and Yves Klein (32.7 million dollars). London art market pays much attention to the segment of contemporary art, with new names from Latin America and South Africa are combined in the catalogs to those who needs no introduction - Damien Hirst, Banksy and others. By the way, contrary to the views of skeptics, the introduction in the UK in early 2012 droit not hit hard by the British demand for Contemporary Art.

third capital of the Western art market - Paris. The situation in the French art market contradictory. On the one hand, economic growth has slowed, the cultural budget is reduced, and the best work of the same French Impressionists go up for auction in New York and London, where prices are higher. On the other hand, the French market is supported by prestigious art fairs such as FIAC, Art Paris and Paris Photo, the world and the gallery owners, such as Larry Gagosian and Tadeusz Standing floe, open branches in Paris. As already mentioned, the French art market is very much affordable works - more than 50,000 lots (85%of the total) - gone for less 5000 dollars. The total market volume amounted to $ 505 million. Of these, more than half earned Sotheby's (114,17 million), Christie's (92,4 million) and Artcurial (58,6 million). Completing the top five auction house Cornette de Saint Cyr (19,95 million) and Millon & Associés (19,46 million).

structure western art market segment

Segment	Share of total auction revenues,%	Annual revenue in the segment, million
Impressionist and Modern	48	3442
postwar and contemporary art	34	2453
Art XIX century	10,5	756
Old Masters	7,5	540

In 2012, the segment of postwar and contemporary art in the West felt fine. November evening auction at Christie's and Sotheby's Contemporary segment brought revenues double that of the past in the same November evening auction of Impressionist and Modern. And all because of fresh contemporary work appears smaller and smaller, while some post-war and contemporary artists are recognized as classics and going up rapidly. Auction of contemporary art Sotheby's on 13 November in New York City became the best in the history of the auction house in all categories: revenues of 375 million with the auction house commission. The next day, November 14, Christie's recorded his best result in the segment of post-war and contemporary art - 412.2 million dollars with the Commission. Christie's absolute record still holds the auction of Impressionist and Modern in 2006, earned 491.5 million dollars from BP.

be continued.

Prepared Maria Onuchina, AI

Source: artprice.com , artinvestment. ru