Art Investment

Art Market in 2013, according to Artnet

The volume of the art market in 2013 amounted to 14.4 billion dollars. Top artists - Andy Warhol, Pablo Picasso and Zhang Datsyan

Online resource artnet.com published its review of the state of the art market in 2013. According to the executive director of artnet Jacob Pabst , the art market in the past year , despite a slight decrease in speed of individual regions globally felt good - especially due to the growth of the U.S. market as a whole and its segment of postwar and contemporary art in particular .

Global auction turnover compared with 2012 grew by 5 %to $ 14.4 billion . However, it is still significantly less than in the first post-crisis 2011 , when turnover reached 16.2 billion dollars. In 2013, 3%decreased the Chinese market and the art market in Britain has lost 4%. However, a very good performance last quarter in these markets allow us to hope for the best in 2014 .

good annual statistics of world art market primarily obliged fourth quarter : total revenue from the sale of art in this period increased by 20%compared with the same period in 2012 . Of the 10 most expensive lots in 2013 7 it went under the hammer in the period from October to December. Among them is the new record holder of all of the art market - Francis Bacon triptych "Three sketch Lusien Freud " , sold for 142.4 million dollars .

Number of lots sold for seven figures , increased by almost 10%compared with 2012 . And works purchased for $ 10 million or more, was 113 - a new record for the world art market . These 113 lots brought a total of more than $ 2.6 billion , or 18 %of the global auction revenue .

Top 10 artists by auction turnover in 2013

Artist

Auction turnover in 2013 ,

million dollars

1

Andy Warhol

427,1

2

Pablo Picasso

422 8

3

Zhang Datsyan

320,6

4

Jean-Michel Basquiat

286,8

5

Qi Baishi

265,6

6

Francis Bacon

219,8

7

Gerhard Richter

189

8

Roy Lichtenstein

160,9

9

Zao Wu-Ki

158,3

10

Claude Monet

157,1

good weather on the market have made the sale of postwar and contemporary art and especially Christie's auction in this segment. In 2013, Christie's sale in New York amounted to 47.6 %of the art market in the United States annually, or $ 2.3 billion , which is 30 %more than in 2012 . And 40 %of annual sales Christie's provided just two New York auction of postwar and contemporary art, in May and November , each of them was a record for total revenue (495 million dollars in May and 690 million in November). In general, the post-war and contemporary art was 44%of the total number of lots sold in the U.S. last year , 28%of the work provided modernists , 16%- of the Impressionists. And of all these artists almost half can be attributed to the Americans. Among them Andy Warhol , Jean-Michel Basquiat , Roy Lichtenstein, Willem de Kooning , Jeff Koons , Norman Rockwell , Alexander Calder , Cy Twombly and others.

Such annual statistics from artnet.com. Closer to spring not wait annual report from artprice.com. Since the French site usually leads calculations , excluding Buyer's Premium, then summary statistics it will be slightly different . We are interested primarily dozen leading auction turnover of money . As you can see , the data artnet allowed inclusion in the top 10 three Chinese - Datsyana Zhang , Qi Baishi and Zao Wu-Ki , and Zhang Datsyan generally ranked third in the world, behind only Andy Warhol and Pablo Picasso .

prepared by Mary Onuchina , AI

Sources : netdna-cdn.com , artinvestment.ru


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