Chi Baixo Eagle on Pine
Source: artnet.com

2011 became the most lucrative in the history of the art market. Despite the fact that indicators of financial markets (the Standard & Poor's) at the end of the year were the percentage is lower than at the beginning, and the period from July to October and did was recorded 18 per cent drop in securities prices, the profitability of the art market in 2011 grew by 15 percent.

Earlier this year, the price level in the art market was close to the level of the second half of 2007 - the period of a few months after that, at the end of 2007, prices on the art market rose to record heights. In end of 2011 the price closer to the level of July 2008 - the period preceding the crisis, which caused prices to fall by 37 percent, then the market would recover only in early 2010.

striking out at the leading edge art market in Asia and China, which occurred in 2007, and the output of China's leaders in the art market in 2010 - these trends were reinforced in the last year: last year China's position on the market only strengthened. According to preliminary estimates, share of China in 2011, up 39 percent of the global art market - at 6 percent more than in 2010. Profit Chinese auction houses has grown over the past year by 32 percent.

On second only to China are the United States: America consolidated its 25 per cent of the global auction market. Despite the fact that the U.S. is losing the percentage of the world market, in numerical terms, they managed to keep the size of the annual auction at the level of income in 2010: he was about 2, $ 8 billion.

In third place - the UK from 20 per cent of the market: the British managed to get closer to the U.S., increasing profits by 23 percent.

China is not only the largest art market in the world, it gradually becomes the focus of the loudest and auction results. Over the past year in China, the bar at 634 million dollars to overcome the work, it's a 36 percent increase compared to 2010 and nearly a hundred works more than over the same period in the U.S. (where a million pieces over the past year was 533).

best auction result 2011 - 57 million dollars for the work of Qi Baishi (Baishi Qi) «The eagle on pine "- has also been made at an auction in Beijing. Of the top 100 auction results, 30 occurred in the proportion of Asia - Hong Kong, Beijing and Hangzhou.

most expensive lots of Chinese art market (which There were about 1,600) last year collected 51 percent of the world's auction revenue. However, the art market established a healthy balance between superexpensive segment that has shown significant growth, and affordable segment, which grew steadily as well: 70 percent of the lots in 2011 on the world auction were sold for an amount less than 5000 dollars. Inexpensive lots was 11 percent more than in 2008-2009, and brought them 5 percent of the world's auction revenue.

continued to grow in popularity and Artists from Asia, 10 of the 15 most popular artists at auction in 2011 - Chinese origin. Last year, the second time in 15 years, Pablo Picasso (Pablo Picasso) yielded the throne of the financial success of the artist in the world of another author in 2007 in the top 10 Artprice on the profitability of international artists at the top left Andy Warhol (Andy Warhol), and in 2011 took the top spot ranking Zhang Datsyan with the result of more than 500 million dollars in second place - Qi Baishi (Qi Baishi) with the result of 445 million dollars .

Among the most successful living artists also dominated by immigrants from China. Only in the sixth, Jeff Koons (Jeff Koons) with a "modest" results in a $ 36 million. Ahead of him in this list zao Wu-Ki (Zao Wou-ki) to 90 million, Zeng Fanchzhi (Zeng Fanzhi) to 57 million, Zeng Fan (Fan Zeng) from 51 million, Zhang Xiaogang 41 million and Tsui Zhuchzho (Cui Ruzhuo) c 39 million.

Overall, in 2011 the art market is incredibly bravely resisted prevailed in other sectors of the economy crisis. Last year, as already mentioned, was the best year in the history of the art market, and it has become possible primarily due to the phenomenal growth of the Chinese market, without which the profit of the art market in 2011 would be 25 percent lower than in 2007.

Prepared by Mary Estrova , AI

Source : artprice.com , artinvestment.ru