- Нас покидают...
- Guide to photo reports from exhibitions
- Икона “Господь Вседержитель”, серебро, эмаль.
- Икона “Господь Вседержитель” , оклад,эмаль.
- ASSESSMENT ON Internet (Information database for 5000 artists)
- Still Life Flowers Eugene Lang
- Автопортрет художника. 1930-е.г. Атрибуция.
- Положение во гроб Иисуса Христа оценка
- Bronze. E.Lancere.
- collages on the theme of the war in Ukraine
Russian art market - 2018. Results
ARTinvestment.RU 19 december 2018
In 2018, the volume of sales of Russian art at auctions grew by 10% in dollars worldwide. However, during the same time, the sales of fine art at local auctions in Russia fell down by almost 25%
If in 2017 all the local auctions in Russia sold painting and graphics for $ 8.7 million, then in 2018 the sales volume was only $ 6.6 million.
This annual drop of 25% has an obvious explanation (at least for Russians)/ The reason is the continuos deterioration of the economic situation in the country, the growth of uncertainty and the decline in real incomes of people who were the traditional buyers of art.
The average rate of sold lots has grown from 38% in 2017 to 47% in 2018. This is primarily due to the growing popularity of the affordable art segment (that means 20,000–60,000 rubles price range). In particular, at our own auction of affordable art (and we held as many as four such auctions in 2018), the sold lots rate reached 85%. This auction format was preffered by new collectors and middle-class art lovers.
Table 1. Russian art in dynamics before and after the crisis of 2014
Parameter / year | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
---|---|---|---|---|---|---|
Russian local auctions annual sales, $ | 21 | 14 | 4,6 | 7 | 8,7 | 6,6 |
Average sold lots ratio at local auctions, % | 39 | 41 | 35 | 44 | 38 | 47 |
Sales volume of Russian art at international auctions*, $ | 525 | 677 | 573 | 287 | 455 | 515 |
Average Russain art sold lots ratio at auctions abroad, % | 52 | 48 | 48 | 52 | 47 | 52 |
* his figure includes the international auction results of all artist that were born within the Russian Empire or the Soviet Union. So we consider Mark Rothko, Chaim Soutine, Alexej von Jawlensky Russian artists as well as Mark Chagall and Wassily Kandinsky. Source: artinvestment.ru.
Let`s recall what was good in 2018.
None of the major local auctions left the market in 2018. All the auction houses survived. No one was closed. Main galleries survived too. Someone felt well, someone worse, but they did it. In 2017 the situation was worse.
Moreover, It was another year of fashion for museums visiting. The famous Queue to Serov (that became рорular mem in social networks) was replaced by Queue to Kuindzhi, Queue to Edo Epoch Masterpieces and many, many more queues. Every day there were long tails of people standing to the box offices of leading Russian museums for exhibition blockbusters. Tickets to such hits as Arkhip Kuindzhi were sold out for several weeks in advance. Of course, we understand that it not correct to predict the art market success basing on just a people`s education interest. In practice, less than 1% of visitors to museums and fairs became the real buyers of paintings and drawings. The rest of the visitors are just watching public. Anyway, that is important for the right cultural atmosphere: the educational popularity of art also helps the art market for sure.
The List of Top Russian artists at the auction market also suffered some good changes in 2018, though the year was especially difficult. We have four newcomers in the rank. Malevich's Suprematist Composition, bought for $ 60 million at Sotheby`s in 2008, was resold at Christie`s for $ 85 million. Standing nude by Nicolas de Stael not only entered the auction top, but also became a role model example of successful art investments. In 2013, this picture was bought on ArtCurial for $ 6.13 million, and five years later resold at Christie`s for $ 12.13 million. The auction from this money deducted a commission, so the seller got noticeably less. However, it is definitely phenomenal success. Musician by Tamara Lempitski also grew in price condiderably. In 2002, the previous owner bought that picture for $ 2.6 million, and now he sold it for $ 9 million. Finally, the fourth newcomer of our rating is Konstantin Makovsky's Hide and Seek Game. In November 2018 during so-called Russian week in London, it was sold unexpectedly at Sotheby`s for $ 5.5 million, almost twice higher than the estimate. Russian art market feels good when Russian buyer`s bids far from their native country, in phsycological comfort.
What was bad in 2018
Year 2018 has become the fifth year of missed opportunities for the national art market. The government, the Ministry of Economic Development and the other authorities did not help Russian artists, galleries and auctions to develop their art export opportunities. Many companies missed their chance for export to countries with existing demand for Russian art: to China, to Western and Eastern Europe. Foreign collectors refuse to buy art in Russia, having learned what they have to go through for getting the export pass. Formally, export is allowed, but bureaucratic barriers are so strong, that in practice art export is almost impossible as a business.
However, as it turned out now, export restrictions are just the part of the big trouble. In 2018, local authorities did not sit idle: they invented new barriers and additional requisitions for the legal art industry. The main news of the year for art dealers is the threat of UPRAVIS, an organization that charges 5% of resale price in favor of artists by resale right (droit de suie). In the autumn, several leading auction houses at once received prosecution checks at the request of UPRAVIS demanding to provide comleted data on their sales (including the personal data of their clients). Most auctions rightly saw in these requirements a threat to the confidentiality of their customer base, which is the basis of the business. Authorities did not hear the arguments of experts who understand how the art market is arranged. As a result, the search for a compromise began when Resolution No. 285 was already took effect. The consequences were predictable: auction managers began to spend the lion's share of time in consultations with UPRAVIS instead of selling art.
In 2018, Moscow lost the largest and the most important exhibition space for artists and a place with good traffic for galleries – The Central House of Artists (CHA). It seems to be the NON/FICTION Fair, ARCH-MOSCOW Fair, Russain Art & Antique Fair will move to the Central State Exhibition Hall Manezh. Antique Salon will move in Gostiny Dvor. Unfortunately, the artists have no exhibition space to move. The other exhibition halls could be found for sure. But there is no such place where you can arrange an exhibition yourself in the center of the city with native traffic of potential customers. Galleries that were placed in CHA suffer the same difficulties. The have no good place to move. Former CHA-based galleries were proposed to move to a complex in the Paveletskaya metro area with small office spaces and low ceilings. And on the site of the time-honored and beloved by many halls of the Central House of Artists will be built a lecture hall, library and restaurant with a panoramic view on Gorky Park – the project of Rem Koolhaas.
Finally, the 2018th was not only difficult by the economy, but also extremely tragic in terms of human losses. In 2018, Vladimir Yankilevsky, Oscar Rabin, Vyacheslav Koleichuk, Leonid Sokov, Nikolay Silis, Boris Beach, Andrei Krisanov, Vladimir Yashke, and a number of other prominent Russian artists died ...
What can we expect from the upcoming 2019 for the national art market? This market cannot function effectively in isolation and is too dependent on the success of other industries - mining, construction, etc. its prosperity is possible when a wide group of people have not only high steady income, but also faith in good economic future. People prefer to buy art on the expectation that future will be better and better. We need an increase in economic activity, a substantial increase in the well-being of the upper middle class, an objective (rather than feigned) general improvement in expectations and public sentiment. And this is just the minimum.
One should not be the fortuneteller to say that in 2019 the business climate in art market will not become better. We see that the authorities, despite the nature of the situation, is increasing its negative regulatory impact and pressure on the art business. At first they introduced the 5% resale tax, making the situation worse not only for the sellers, but also for the artists themselves. Now they discuss an idea of returning to licensing of antique trade business. So, the coming year will be devoted to solving artificially created problems. Art business will be restructuring and adjusting to new business conditions instead of its direct tasks i.e. the art trade.
But show must go on. Things can get better faster than we think. It is clear that there no sense to wait for "good from outside" (i.e. lifting of sanctions) in the nearest future. And the most clever answer to the sanctions (which they were waiting for) should be “good from the inside.” That is why Russian business hoped that the government would answer to external pressure by adopting a new economic policy. The government on the contrary could give more freedom to small and medium businesses instead of tightening the screws and chasing the unfortunate self-employed. It could remove excessive regulation, introduce tax holidays and even build new confident judicial system. For instance, they could launch a pilot project in Moscow, so that businessmen from all over Russia could come to the Moscow courts and be sure that they will get the truth. The process is not fast, but even first good signs could make people buy art again.
And finally, let`s recall the records of the year 2018. In order to set the mood. And in general, not to forget about beauty of art, even in these strange times of economic absurdity.
Table 2. Top 10 most expensive paintings by Russian artists at world auctions in 2018
Place | Artist | Price, $ | Work`s name |
---|---|---|---|
1 | Malevich, Kazimir Severinovich | 85 812 496 | Suprematist composition |
2 | Rothko, Mark | 35 712 500 | Untitled (Rust, Blacks on Plum) |
3 | Kandinsky, Vasily Vasilievich | 24 233 800 | Improvisation auf Mahagoni (Improvisation on Mahogany) |
4 | Staël, Nicolas | 12 125 000 | Nu Debout |
5 | Chagall, Marc | 7 062 500 | Le village bleu |
6 | Jawlensky, Alexey Georgievich | 6 000 000 | Blaue Kappe (Blue Cap) |
7 | Makovsky, Konstantin Egorovich | 5 459 575 | Blind Man's Bluff |
8 | Lempicka, Tamara de | 5 375 000 | Femme à la colombe |
9 | Pirosmani, Niko | 2 839 682 | Georgian Woman Wearing a Lechaki |
10 | Konchalovsky, Petr Petrovich | 2 081 019 | The Game of Billiards. Aristarkh Lentulov and Petr Konchalovsky |
* The rating is based on the rule «one artist - one picture», so that the top does not not consist of just several paintings by one author..
Source: artinvestment.ru
Table 3. Top-10 of the most expensive works of the nonconformists at world auctions in 2018
Source: artinvestment.ru
Table 4. Top 10 most expensive works of contemporary art
Place | Artist | Price, $ | Work`s name |
---|---|---|---|
1 | Kruglyanskaya, Ella | 100 000 | Girl on a Hot Day |
2 | Guriyanov, Georgy Konstantinovich | 98 840 | Летчик |
3 | Vinogradov A.A. | Dubosarsky V.E. | 86 485 | Наташа |
4 | Koshlyakov, Valery Nikolaevich | 60 924 | Gothic II |
5 | Novikov, Timur Petrovich | 49 001 | Маки |
6 | Tsoy, Viktor Robertovich | 36 168 | Без названия |
7 | Peppershtein, Pavel Viktorovich | 32 668 | Без названия (Веселые картинки) |
8 | Golosij, Oleg Nikolaevich | 32 668 | Стрелок из лука |
9 | Novikov Timur |Kotelnikov Oleg | 24 710 | Leningrad-Stockholm |
10 | Zvezdochetov, Konstantin Viktorovich | 23 334 | Чёрный кот, белая ворона |
Source: artinvestment.ru
https://artinvestment.ru/en/russian-art-market-reports/2018.html
https://artinvestment.ru/russian-art-market-reports/2018.html
When quoting reference to the https://artinvestment.ru without fail
Attention! All materials of the site and database of auction results ARTinvestment.RU, including illustrated reference information about the works sold at auctions, are intended for use exclusively for informational, scientific, educational and cultural purposes in accordance with Art. 1274 of the Civil Code. Use for commercial purposes or in violation of the rules established by the Civil Code of the Russian Federation is not allowed. ARTinvestment.RU is not responsible for the content of materials submitted by third parties. In case of violation of the rights of third parties, the site administration reserves the right to remove them from the site and from the database on the basis of an application from an authorized body.
- 16.08.2022 Расследование ФБР подрывает репутацию Художественного музея Орландо Отменены три выставки, из собрания отозваны отдельные работы
- 14.08.2020 Face mask for $1.5 million In this sum cost the unnamed "billionaire from Shanghai" ordering a mask of gold and diamonds from the jewelry company Yvel
- 14.08.2020 A special contract for buyers of art of authors of African descent For fight against speculators, Christie's has developed a list of conditions of purchase
- 13.08.2020 Cultural institution in the U.S. last year spent $7.9 billion This year a repeat result is not obtained – loss of art-индустрии the United States already amounted to $150 billion And this is not the final figure
- 13.08.2020 Biography Yayoi Kusama will be released as a graphic novel With the history of one of the most successful contemporary artists in the form of a comic book will be available from 15 September 2020
- 03.08.2018 Торги «Антиквариума» 28 июля. Краткие итоги Наторговали на 3,6 миллиона рублей — 131 % от эстимейта. Одним из топ-лотов стала работа Владимира Немухина, проданная за 240 тысяч
- 25.07.2018 Очередной аукцион #всёпорублю в «Литфонде» принес почти 4,5 млн.руб. Топ-лотом стала икона «Богоматерь Владимирская» — 600 тыс. руб.
- 24.07.2018 «Русская Эмаль» торжественно закрывает сезон и уходит в отпуск На завершающих торгах 14 июля «Русская эмаль» порадовала участников Кандинским, целой коллекцией нэцкэ и произведениями Пыжовой
- 16.07.2018 Краткие итоги сороковых живописных торгов «Кабинета» Аукционный дом «Кабинет» проводит последние торги сезона и уходит в отпуск до осени, вслед за своими игроками
- 03.07.2018 Коротко о главном: итоги аукциона 28 июня в «Литфонде» Рейтинг возглавляют классики русской литературы, а сказочники продолжают удивлять
- 12.08.2020 Literature: Piroska Dossey. Sold! The book is about the phenomenon of pricing, the original title of which was ahead of its time in a decade
- 07.08.2020 Movies: "the Cool school" The emergence of abstract expressionism on the West coast of the United States the voice of the Big Lebowski
- 06.08.2020 Cross-trades in the summer of 2020. ArtTactic Report Analysis of auction sales of a new format with the participation of the old masters
- 04.08.2020 Opened 27-й auction "twenty-first century. Contemporary Russian art" The catalogue contains artworks of Seeds Agroskin, Alexei Vaulin, Dima Goryachkin, Dasha Delone, Anna Laurel, Denis Mikhailov, Andrei Munz, Arman Sirunian, Kathy-Анны Taguchi and Tatiana Yang
- 31.07.2020 10 most unusual ArtTech-стартапов 2020. Part 1 AI talks about young companies whose ideas have become especially popular with the onset of the quarantine
- 07.03.2023 Неизвестный известный Серж Иванов (1893–1983) История происхождения ранних картин С.П.Иванова
- 17.06.2022 Выставка Люси Вороновой в галерее Atelier CHOUTKO На выставке будут представлены живописные произведения Вороновой разных лет и состоится премьера ковра ручной работы, созданного художницей совместно с Atelier CHOUTKO
- 14.03.2022 Эрмитаж потребовал досрочно вернуть работы, участвующие в итальянских выставках В Россию в ближайшее время вернутся около 25 картин
- 30.07.2020 In Saint-Петербурге opened the exhibition "Artists and collectors — to the Russian Museum. Gifts. 1898-2019. Favorites" The exhibition, held simultaneously on all the main belt, has collected more than 1,500 items donated to the Museum since the founding of the
- 27.07.2020 Fedor Rokotov exhibition opens at Historical Museum of Moscow A collection of works of the famous Russian portrait painter XVIII veka will showcase on 29 July 2020
Top 37
- 1. Mark Rothko$86,83 million
- 2. Kazimir Malevich$85,81 million
- 3. Wassily Kandinsky$41,6 million
- 4. Marc Chagall$28,45 million
- 5. Chaim Soutine$28,16 million
- 6. Nicolas Staël$22,25 million
- 7. Alexei Jawlensky$18,59 million
- 8. Valentin Serov$14,51 million
- 9. Tamara de Lempicka$13,36 million
- 10. Nicholas Roerich$12,13 million
- 11. Kuzma Petrov-Vodkin$11,76 million
- 12. Natalia Goncharova$10,88 million
- 13. Nicolai Fechin$10,84 million
- 14. Ilya Repin$7,43 million
- 15. Konstantin Somov$7,33 million
- 16. Ilya Mashkov$7,25 million
- 17. Boris Kustodiev$7,07 million
- 18. Vasily Polenov$6,34 million
- 19. Yuri Annenkov$6,27 million
- 20. Ivan Klyun$6,26 million
- 21. Vasily Vereshchagin$6,15 million
- 22. Zinaida Serebriakova$5,85 million
- 23. Ilya Kabakov$5,83 million
- 24. Alexander Yakovlev$5,56 million
- 25. Konstantin Makovsky$5,47 million
- 26. Wladimir Baranoff-Rossine$5,37 million
- 27. Ivan Aivazovsky$5,34 million
- 28. Vladimir Borovikovsky$5,02 million
- 29. Alexander Rodchenko$4,5 million
- 30. Mikhail Larionov$4,46 million
- 31. Sonia Delaunay$4,34 million
- 32. Mikhail Nesterov$4,30 million
- 33. Vera Rockline$4,04 million
- 34. Mikhail Klodt$4,02 million
- 35. Pavel Kuznetsov$3,97 million
- 36. Alexandr Deineka$3,82 million
- 37. Boris Grigoriev$3,72 million
- Нас покидают...
- Guide to photo reports from exhibitions
- Икона “Господь Вседержитель”, серебро, эмаль.
- Икона “Господь Вседержитель” , оклад,эмаль.
- ASSESSMENT ON Internet (Information database for 5000 artists)
- Still Life Flowers Eugene Lang
- Автопортрет художника. 1930-е.г. Атрибуция.
- Положение во гроб Иисуса Христа оценка
- Bronze. E.Lancere.
- collages on the theme of the war in Ukraine