Collectors and investors have spent 881 million Czech crowns to art in 2012. This is 36%more than in 2011, and 17%higher than the record for the Czech market in 2009

Frantisek Kupka

forma.1913 Blue sold for a record 55.75 million Czech crowns (2.84 million dollars)
Source: iluxurylife.cz

The past 2012 was a record year for the auction market of the Czech Republic, according to Praque Daily Monitor. Czech collectors and investors have spent a total of 881 million euros (about U.S. $ 45 million) for the purchase of works of art in 2012 year. This is 36%more than in 2011, and 17%higher than the record in 2009.

ten most expensive lots in Czech auctions in 2012 earned 200 million kroons . In 2011, the total result of the top ten was half that - up to 100 million euros. Total 138 paintings and sculptures have crossed the price level of 1 million euros (51,000 dollars). Works in this price range (more expensive MEEK) yielded 61%of the annual auction revenues of the Czech art market for the year.

In 2012 price records were set for works by František Kupka (1871-1957) and Emil Filla (1882-1953). Kupka painting" Blue Form "(1913) was sold in April 2012 at the Prague auction for 55.75 million CZK (2,84 million). At the auction house commission this result reached a record 57.42 million Czech crowns (2.92 million dollars). This is not only an absolute auction record all Czech art market, but also the most expensive work Czech artist in the world. According to rumors, the new owner of the "blue form" was our compatriot.

Experts auction market, the Czech collectors are picky and demanding. Out of about 25,000 works on display on Czech auction in 2012, bought about 10,000 works, which is about 40%. buy more and in the galleries. particular demand in the past year have used the Chinese and Asian in general subjects. Sales in this market increased from 30 million euros in 2011 to 120 million euros in 2012.

Prepared Maria Onuchina, AI

Source: artinvestment.ru