The ups and downs of the market street art

Street Art was born on the streets of New York in 1960. While graffiti personified non-conformism and rebellion against the authorities, and now works "street" artists can be found in major galleries, auction catalogs, and private collections. Street-art were devoted to the exhibition in such an esteemed museums as the Tate Modern in London (Street art, May 23 - August 25, 2008) and the Paris Grand Palais (Tag, March 27 - April 26, 2009).

In the 2000's market demand for street art was unquenchable: ten years the price index in this category rose by 195%. The climax came in January 2008. Since then, prices have fallen by 40%(up to the 2005 level).

«capital of street art" in the past decade was not New York, as one might think, and London. The main star here was the mysterious Banksy (Banksy), which, presumably, was born in Bristol in 1974. About who is actually this disturber of the peace, is still being heated controversy. Tags Banksy first appeared in the British capital around 2001. Now his paintings adorn the walls around the world: the artist has' in Barcelona, Paris, New York, Palestine ... In November 2003, the auction debut of the famous anonymous. His painting titled "Be yourself» (Keep It Real) was sold very convincingly - for £ 800.

May 18, 2005 Banksy hung up on your site ad, which stated that the artist has placed in the British Museum a stone with scrawled "in the rock-style" pattern. Media trumpeted the story for the whole world, and work Banksy has become fashionable. Works "street artist" began to collect various popular personalities, such as Christina Aguilera (Christina Aguilera) and Angelina Jolie (Angelina Jolie). In just two years, prices for Banksy added three zeros: in October 2007 his "Rough Lord" went to Sotheby's for 270 thousand pounds. Only a few months, February 14, 2008, working under the name Keep it spotless - willow pattern on the picture with "circles" of Damien Hirst (Damien Hirst) - brought 1.7 million dollars! This is the first and (so far) the only seven-digit withdrawal things Banksy. In 2009 the market was quiet artist: the number of works auctioned was reduced by two thirds.

Banksy's success has inspired many young artists in London have received the support of such auction houses as Bonhams and Dreweatts. In 2008 they held a thematic auction, which was presented as a "classic" street art of Jean Michel Basquiat (Jean-Michel Basquiat), as well as works by artists of new generation - Nick Walker (Nick Walker), the group Faile, Adam Nita (Adam Neate), Mau Mau, CEPT, Beejoir, Cyclops and Guy Denning (Guy Denning). Trend picked up the French auction houses - Artcurial, Cornette de Saint Cyr, and Pierre Bergé & Associés. Popularity of street art in France helped, of course, the exhibition at the Grand Palais, and the exposition of "Born on the street - Graffiti," organized by the Foundation Cartier.

Market street art has a special appeal for young collectors. First, it is very dynamic, and secondly, most of the works on it very accessible, and thirdly, it is likely that in future prices for works of popular artists in this direction greatly increase - an example can serve as outstanding sales results Herring Keith (Keith Haring ) and the same Basquiat. Now small works of authors such as MISS-Tic, can be purchased for $ 500 and works Crash, Speedy Graphito, Daze, Invader, Futura 2000, Quik and Xavier Proulx (Xavier Prou, nickname - Blek Le Rat) usually bring from 1 up to 10 thousand dollars. Another large-scale works listed above, John Perello (John Perello) aka Jonone, sold for 10-40 thousand dollars.

material prepared Yulia Maksimova, AI

Source: artprice. com , artinvestment.ru

P. S. On Street arte read on the forum ARTinvestment.RU .