Artnet: the market for secondary sales drops online-сектор grows
ARTinvestment.RU   20 апреля 2020

Authoritative American resource summed up the first results of living art-рынка in a pandemic

At the end of the first month, which the whole world, including the world of art, lived in isolation, specialists are asking the question: if he's still alive the art market and what is going on there?

in short, Yes, alive. There is a change of formats of trade in favor of private and online-продаж. And Yes, the art on the-прежнему buy. In the primary market — authors of the first magnitude on the secondary — work and with a good discount.

In the world of private sales and galleries in the primary market feels best, especially works of artists, whose names were at the hearing and before the crisis. A good illustration of this — first results online-продаж in special sections on the websites of major galleries. Thus, a series of graphic works by George Condo, which launched sales in the virtual halls of the gallery Hauser & Wirth, was sold for $125 thousand, and compositions by Harold Ancart, exhibited in the gallery Zwirner, went for $40 million apiece. The work of Sarah Sze — first work of art for sale under the program, the Artist Spotlight gallery, Larry Gagosian, was sold last week for $250 thousand

a Record price for works by artists of the older generation owns the gallery Levi Gorvi, managed to find a buyer for the work of Pierre Soulages, valued at $870 thousand — $ 1.3 million.

For a gallery of smaller caliber, however, the situation is less happy: in the conditions of rigid struggle for the client many of them are trying to attract customers with discounts sometimes up to 30 % of pre-crisis prices. But it bothers many artists: paintings, a couple of months ago had a price tag of $500 thousand, now I can't find a buyer for $200 thousand.

In the last month in the primary market has developed a middle range of prices from $40 thousand to $70 thousand Sales at prices equal to or exceeding $100 thousand, most galleries are in crisis — unattainable result.

In the secondary market the situation is not much better. Given that all the major auction of the season has been postponed indefinitely, the auction houses, including large auction of three, try to reformat your trades under online-формат. Turns out with variable success: the largest sale at these auctions remains photogram by Laszlo Maheu-Надя for $525 thousand, and the total number of lots sold, exhibited relatively decreased by 25 % compared to the last year figures. Alone in this sad statistics of the secondary market are the results of private auction houses. According to Sotheby's only for the first two weeks of April, they made about 30 private transactions. Christie's also reports on turnover growth private sales by 27% compared to the first quarter of 2019. Moreover, the price of one of the transactions concluded under the mediation of the auction house, amounted to £30 million Is more than the sum of all art sold at public auction Christie's this spring.

According to rumors, the record prices reached the song "untitled (Dynamic Tension)" the work of Basquiat from the collection of the Warhol, which he bought one of the Asian clients auctionhome. And to buy it has pushed detailed material on this work is posted on the website Christie's and caught in one of the newsletters of the auction house. This precedent another reason the rest of the sites for selling art to pay attention to the quality and quantity of content on their websites.

the Material was prepared by Maria Kuznetsova AI

Source: news.artnet.com