World art auction market. Results in 2013
ARTinvestment.RU   14 марта 2014

French Information Resource Artprice published a review of the art market in 2013. Offer to meet with his most important figures and conclusions

French Information Resource Artprice published a review of the art market in 2013. Offer to meet with his most important figures and conclusions .

According to estimates Artprice, 2013 was the best in the history of world art market by revenue (over $ 12 billion ) and the best for an individual auction House : for the entire 247- year history of Christie's such a successful year, he did not have . Also, set a new absolute record auction price for a work of art - $ 127 million ( for the "Triptych with Lusien Freud " brush Francis Bacon ) . Artprice report was compiled based on data from 4,500 auction houses worldwide. All figures do not include the buyer's commission Buyer's Premium and therefore may differ from other data in the materials ARTinvestment.RU.

annual auction turnover of the entire world of the art market in 2013 reached a record 12,005 billion dollars . This is 13 %more than in 2012 ( $ 10.6 billion ) , and 2.3%more than in 2011 ( 11.78 billion dollars). Those who regularly monitors the ratings Artprice, can confuse the discrepancy in the final figures for 2012 . In a review last year was published figure 12.269 billion, which is clearly larger than the above 10 6 billion. For a particularly meticulous readers an explanation of the discrepancies . Collecting statistics in 2012 , Artprice used the services of the Chinese news agency Art Market Monitor of Artron (AMMA). Unlike Artprice, AMMA was taking into account the results of the auction not only established authors , but also works by unknown artists. Hence the increase in the bottom line. If only use auction statistics Artprice, recorded exclusively copyrighted works , the annual turnover in 2012 will be the ones $ 10.6 billion .

Chinese art market in 2013 again won the first place in the world in terms of sales . Yes, the art market in China still occur speculation and price gouging . But despite the fact that some modern artists in their time soaring too high, eventually plummeted in price, many of their contemporaries continued slowly but surely go up. And it is for anyone not to worry , it's generally accepted in the Chinese masters of the nineteenth - XX centuries : depreciation them exactly is not threatened. Annual turnover of the art market China rose 21 %to $ 4.1 billion . Quite a bit inferior to the U.S. - $ 4 billion turnover and a 20%annual increase . Closes the three leaders of the art market in Britain - 2.1 billion. Next come France, Germany , Switzerland and Italy .

market shares of individual countries in the global art market

Country

market share ,%

market volume ,

million dollars

China

34,6

4100

U.S.

33

4000

UK

17,3

2100

France

4,5

549

Germany

1,7

207

Switzerland

1,3

159

Italy

0,9

110

rest of the country

6,6

776

All world

100

12001

arts

in the past 10 years, the price index of the works of art as a whole grew by 80%. And if you take every kind of art alone , the price of the photo for 10 years increased by 25%, 27 %added paintings , has risen by 28%sculpture ; Draw graphics added 38 %and amounted to as much as 185%increase in the price index of the original graphics.

Such appreciation figures caused primarily by demand from collectors in China , where it is traditionally thrive graphic techniques . Share figures in the global art market for 10 years rose from 13 %to 33 %, ie , in fact , a third of the exhibited artworks worldwide today - it's original schedule . Works on paper by authors such as Qi Baishi , Zhang Daqian , Huang Zhou and others are sold for millions of dollars . While in 2003 only 15 figures could transcend the price threshold of one million dollars, in 2013 these lots were already 483 .

Although most profitable form of art is still art . In this segment in 2013, recorded sales of 878 million dollars more expensive (in 2003 there were 205). Win picturesque lots in 2013 was 37%, and these pictures are responsible for 54 %of global auction revenue ( 6.619 billion dollars ).

Rising prices for paintings and original graphics affects the appreciation of the lottery graphics. Here, the price depends primarily on the rarity and conservation of prints or series of prints. About the most expensive works of replicable in 2013 can be read here .

Sculpture in 2013, earned 913 million dollars, or 8%of the global auction revenue. Number of three-dimensional lots exceeded 22.5 thousand (5.8%of the total number of lots ) . While 128 sculptures were sold for amounts exceeding one million dollars ( such sculptures in 2003 was only 19). In the first hundred lots in 2013 , only six sculptures - three-dimensional works by Jeff Koons ( 52 million dollars for "Orange dog of balloons "), Alberto Giacometti ( "Big thin head" - 44.5 million dollars), Yves Klein (sculpture of the blue sponges for 19.5 million ) , Auguste Rodin (sculpture for 13.5 million ) , Donald Judd (" Untitled (DSS 42) " - 12.5 million ) and Pablo Picasso (" Silvetta " - 12 million) .


Jeff Koons of Balloon Dog ( Orange ). 1994-2000 Christie's. 12.11.2013
Estimate: 35-55 million dollars
Result: 58.4 million dollars
Source : christies.com
 Alberto Giacometti Large thin head ( big head Diego ) . 1954-1955
Alberto Giacometti Most thin head ( big head Diego ). 1954-1955
Sotheby's. 6.11.2013. Lot 15
Estimate: 30-50 million dollars
Result: 50 million dollars
Source : sothebys.com

and finally , the photos failed to gain for the year 153.3 million ( 1.2%of global sales). This market is still relatively new for collectors, especially Chinese , but in the west of photographic art is rapidly growing in popularity . on the western auctions sold pictures for over 14,000 authors. During 2013 12 photos were sold more million dollars, and 33 - 500 thousand dollars more expensive . one interesting feature of the market pictures of living artists here can be sold even better than the pictures of the dead classics. decrease is explained by the total number of historical photos on the market and correct promotion of contemporary photographers .

market Segments

In 2013, 35 %of the global auction revenue provided postwar and contemporary art ( about 4, $ 2 billion ) . Modernists have brought 47 %of the global auction revenue ( $ 5.7 billion ) . Works of Old Masters earned a total of 1.012 billion ( 8.4 %of the global art market ).

Over the past ten years contemporary art has increased in price by 102 %of postwar art price index gained 76 , 7 %to 18 %more expensive modernists . And only the price indexes of the XIX century Art and Old Masters due to a narrowing of quality supply in these segments in ten years decreased ( 20%and 16%respectively ).

Just seven works by old masters included in the list of 100 most expensive lots in 2013 . The most expensive of them - Jean Honore Fragonard painting , sold at Bonhams for 17.1 million pounds. Since this segment is an acute shortage of paintings , collectors switched on schedule. In 2013, the figures of the old masters managed to earn even more than in the pictures ( over 583 million against 405 million scheduled for painting). Average fares Draw graphics and annual revenue - $ 24 million .

ZhAN
Jean Honore Fragonard
Portrait of Francois Henri , Duke d'Harcourt . 1769
Oil on canvas. 81 × 65
Bonhams. 12/05/2013 . Lot 85
Estimate: 15 million pounds
Result: 17.1 million pounds
Source : artdaily.com
 Tracey Emin Meet with my past . 2002
Tracey Emin Meet with my past . 2002
Christie's. 17.10.2013 . Lot 13 ​​
Result: 481.9 thousand pounds ( 770,000 dollars )
Source : christies.com

segment of modernist art was still the most profitable with annual revenues of $ 5.7 billion . Of these, 2.84 billion - is paintings , 2.3 billion ( nearly 40 %) - pictures, and even 387 million - a sculpture . 178,000 of the proposed works worldwide modernists prices reached over 707 million lots .

in 2013 sold well the work of living artists. To date, collectors are willing to spend on average more than 5000 dollars on a young artist's first appearance at auction ( in 2003 a " psychological barrier " was 1355 dollars). Best auctions hyping young Chinese artists. Work of living authors in 2013 earned the Chinese art market almost a billion dollars , or 24 %of the total auction revenue China. But in the West there are successful campaigns - for example, an auction of works from the Saatchi Gallery without reserve prices and the estimate , which was established 23 personal auction record. Art market over the years as a whole younger : living artists in 2013 brought 14 %of global revenues in the segment charts , 15%of revenue for the lottery drawing , 21 %of the picturesque sales ( $ 1.4 billion ), 30 %of revenue for the sculpture , and 60 %of the proceeds from the sale of photos .

leading auction houses world art market in 2013

auction house

Share in total

auction

Revenues ,%

Revenue ,

million

dollars

1

Christie's

29,5

3558

2

Sotheby's

25,8

3108

3

China Guardian

4,8

582

4

Poly International

4,8

580

5

Beijing Council International Auctions

3,2

390

6

Phillips

2,1

257

7

Bonhams

1,6

192

8

Shanghai DuoYunXuan auction

1,1

136

9

Xiling Yinshe Auction

1,1

127

10

Other

26

3071

in 2013, more than half of the global auction turnover (55%) provided the sale in the auction houses Christie's and Sotheby's. However, these two titans of the art market sold only 9%of the total number of lots around the world (more than 34,000 lots) . But this number includes almost all of the top segment of the market . 100 of the most expensive lots in 2013 89 lots found new owners at Christie's or Sotheby's ( rated 10 most expensive lots 2013 can be found here ).

Each of these auction houses rescued by selling art over $ 3 billion . Only one auction of postwar and contemporary art Christie's November 12, 2013 brought 609 million dollars - a record revenue separate auction not only for the whole 247- year history of Christie's, but for the entire world art market . At the same auction historic "Triptych with Lusien Freud " brush Francis Bacon was the most expensive in the world of a work of art sold at public auction - to pay for it $ 127 million . But rest on his laurels Christie's and Sotheby's clearly not worth it - every year they make increasingly tough competition Chinese auction houses . Six of them in 2013 were in the top nine auction houses of the world .

FRENSIS
FRANCIS BACON Three sketch Lusien
Freud. 1969
Christie's. 12.11.2013
Estimate on request ( 85 million dollars )
Result: 142.4 million dollars
Source : christies.com

VLADIMIR TRETCHIKOV Chinese woman ( lady Green ) . Early 1950s
Bonhams. 20.03.2013
Estimate: 300-500 thousand pounds
Result: 1,000,000 pounds
Source : bonhams.com

world Rating artists by auction turnover of money ( from the top -500 )



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Индексы арт-рынка ARTIMX
Индекс
Дата
Знач.
Изм.
ARTIMX
13/07
1502.83
+4,31%
ARTIMX-RUS
13/07
1502.83
+4,31%
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place

Author

Auction
turnover ,

million
dollars


Sold lots ,
pieces

best price
hammer ,

million dollars

1

Andy Warhol

367,41

1459

94

2

Pablo Picasso

361,395

2776

40

3

Zhang Daqian

291,667

873

10

4

Jean-Michel Basquiat

250,406

91

43,5

5

Qi Baishi

230

716

11,32

6

Francis Bacon

195,711

129

127