Sunday, May 26, 2019
News
NEWS HOME
»
PRN INDIA
Artprice: All Segments of the Art Market Are Gold Mines for Those Who Know How to Anticipate and Wait
  SocialTwist Tell-a-Friend  
   

PARIS, April 15, 2019 /PRNewswire/ -- According to thierry Ehrmann, the found and CEO of Artprice.com, "Our clients, with Artprice, can follow artworks from one appearance at auction to another, which give them insight into how collectors anticipate the Art Market and benefit from its long-term general evolution.

When we take a look at the first quarter of 2019, for instance, we see that a large number of Fine Art auction lots have proved the extraordinary profitability of Art as an investment over the last thirty years. Of these the most spectacular was probably David Hockney's Henry Geldzahler and Christopher Scott (1969), which fetched the quarter's best result at over $49 million on 6 March 2019 at Christie's London. In November 1992, the same 2x3 metre canvas had sold for $1 million."

Paul Signac (1863-1935), Le Port au soleil couchant, Opus 236 (Saint-Tropez) (1892)

The price evolution of Paul Signac's Le Port au soleil couchant  proves that the best financial returns are not reserved for Post-War and Contemporary artists.

The seascape's three appearances at auction show a constant and extremely dynamic appreciation over nearly forty years, for a historical artist whose contribution to the History of Western Art has long been recognised:

  • 12 May 1980: $490,000 (Sotheby's New York)
  • 11 May 1993: $1.8 million (Sotheby's New York)
  • 27 February 2019: $26 million (Christie's London)

Basquiat still leading

The upside on works by  Jean-Michel Basquiat has  been somewhat less publicized over the first part of 2019… and yet the American prodigy generated three of the ten best gains in the first quarter. On 5 March 2019 at Sotheby's London, his 1986 canvas Apex  (painted  two years before his death by drug overdose) reached $10.8 million, multiplying its value by no less than 370 times since its last auction in June 1988 when it sold for just $29,400.

A pencil drawing entitled Soothsayer (1983) proves that Basquiat's success covers all of his production. Acquired for $32,900 in June 2002, this small work sold for $997,600 on 5 March 2019, representing an average annual return on investment of +22% over the last 17 years.

Similarly, his paper collage Untitled (1987) – sold during the same session at Sotheby's in London – confirms a very clear trend:

  • on 25 March 1993  it fetched $26,700 (Christie's London)
  • on 5 March 2019  it fetched  $1,321,000 (Sotheby's London)

We have seen this kind of price metamorphosis with lots of other artists as well. The Minimalist French artist, Daniel Buren (b. 1938) is today enjoying an extraordinary price ascension that is rewarding  all the collectors who anticipated the power of his art a quarter of a century ago.

His canvas Peinture acrylique blanche sur tissu rayé blanc et rouge, purchased $3,500 in 1997 at Libert-Castor in Paris, fetched $357,500 at Phillips in London on 8 March 2019.

Likewise in Asia

Hong Kong's recent prestige sales in the wake Art Basel Hong Kong generated a number of significant revaluations that benefit Asian collectors. The biggest rise in China during Q1 2019 came  from a painting by Fengmian Lin (1900-1991) titled Wisteria. Twenty-seven years ago it sold for $15,000 at Sotheby's in New York. Since 2 April 2019, it is now worth  over $1.3 million.

The return to Hong Kong of great works by Chinese Modern artists, long traded on the Western marketplaces, can have a considerable impact on their value. But the development of the Hong Kong market over the last 30 years also benefits artists who have never left Asia.

Take for example the latest result for an  ink drawing by artist Yu Feian (1888-1959) entitled Parrot (1945). Purchased in Hong Kong in 1990 for $11,400, the same drawing resold for 70 times that amount in the same city (Sotheby's) on 2 April 2019 ($787,000).

Women in vogue

The Japanese artist Yayoi Kusama also, unsurprisingly, ranks among the most impressive price accretions in Q1. Today  the most successful female artist on the global Art Market, with an auction turnover exceeding $100 million in 2018 (ahead of Louise Bourgeois and Joan Mitchell), Kusama has not always had this kind of success.

In 2000, the record auction price for one of her  paintings was just $80,000, whereas her Interminable Net # 4 (1959) fetched close to $8 million on 1 April at Sotheby's Hong Kong. In terms of revaluation, her  sculpture Midsummer (1983), acquired for just $7,200 at Sotheby's in London in 2000, resold for $428,000 at the same auctioneer 19 years later.

The prize for the most unexpected price jump in Q1 2019 must surely go to 17th century Flemish artist Michaelina Wautier. Long forgotten by art historians, Wautier was 'rediscovered' in 2018 with a first retrospective organized at the Museum aan de Stroom and at the Rubens House in Antwerp.

The renewed attention had a profound impact on the prices of her works and her canvas A garland of flowers (1652) reached $471,000 on 30 January  2019  at Sotheby's in New York. In 1993, the strange bouquet with a hovering  dragonfly sold for just  $20,000.

As Q1's global auction results show, the best financial performances come from all segments of the Art Market, and not just from its  high-end or from Contemporary Art or from the American market...

Copyright ©2019 thierry Ehrmann – www.artprice.com

Try our services (free demo):
https://www.artprice.com/artist/23640/baishi-qi

Subscribe to our services:
https://www.artprice.com/subscription

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.

Founded by thierry Ehrmann (see Who's who certified Biography ) (c) https://imgpublic.artprice.com/img/wp/sites/11/2019/03/2019-bio-whoswho-thierry-ehrmann.pdf).

Dicover Artprice in video: https://www.artprice.com/video

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 700,000 artists. Artprice Images ® gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice's art historians.

Artprice permanently enriches its databanks with information from 6,300 auctioneers and it publishes a constant flow of art market trends for the world's principal news agencies and approximately 7,200 international press publications.

For its 4,500,000 members, Artprice gives access to the world's leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label) Artprice's Global Art Market Annual Report for 2018 published last March 2019: https://www.artprice.com/artprice-reports/the-art-market-in-2018

Artprice is associated with Artron Group the Chinese leader in the Art Market, its solid institutional partner.

About the Artron Group:

"Artron Art Group (Artron), a comprehensive cultural industrial group founded in 1993 by Wan jie, is committed to inheriting, enhancing and spreading art value. Based on abundant art data, Artron provides art industry and art fans with professional service and experience of quality products by integrated application of IT, advanced digital science and innovative crafts and materials.

Having produced more than 60,000 books and auction catalogues, Artron is the world's largest art book printer with a total print volume of 300 million a year. It has more than 3 million professional members in the arts sector and an average of 15 million daily visits, making it the world's leading art website."

Artron's Web: www.Artron.net

Artprice's Contemporary Art Market Annual Report for 2018 - free access at:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2018

Artprice's press releases:
http://serveur.serveur.com/Press_Release/pressreleaseen.htm  
https://twitter.com/artpricedotcom

Artmarket News:

https://twitter.com/artpricedotcom  & https://twitter.com/artmarketdotcom  
https://www.facebook.com/artpricedotcom
 4 million subscribers  
http://artmarketinsight.wordpress.com/

Discover the Alchemy and the universe of Artprice http://web.artprice.com/video, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos: https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

https://vimeo.com/124643720

The Contemporary Art Museum The Abode of Chaos

https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999   3.6 million subscribers

Contact: thierry Ehrmann, ir@artprice.com    

Photo:- https://mma.prnewswire.com/media/871708/Paul_Signac.jpg        
Logo:- https://mma.prnewswire.com/media/817151/Artprice_Logo.jpg

 

Artprice Logo (PRNewsFoto/Artprice) (PRNewsfoto/Artprice.com) (PRNewsfoto/Artprice.com)

More News by PR Newswire India

Gratomic Launches its First Graphene from Gratomic Graphite Derived Product

Kehua Crowned Top 3 in the Global Industrial UPS Market According to Latest IHS Markit Report

Thinci Deploys Full Cadence Verification Suite for AI Designs, Accelerating Project Schedule by Months

NetBiz Launches Successful Digital Campaign for Sarova by SD Corp

Mr. Anshul Garg Wins Two International Awards in Two Months - One at the UK Parliament and the Other at the EU Parliament

Borobudur Marathon 2019: Creating Synergy and Harmony through Running

Maison Perrier-Jouët and Winnie Harlow Turn the amfAR Gala Cannes Red Carpet Green With an Extravagant Creation Inspired by Unbridled Nature

OPPO Wins the GenZ Vote for its Premium, Industry-leading Innovations: CMR

There Finally Is A Preeminent International Asian Art Maestro Whose Exhibition Greatly Astounds the Art World And Requires Visitors' Flow Control

Industrial firms deploy security strategy around IIOT, amidst rising cyber threats to industrial architecture, says Frost & Sullivan

Lights on! It's time to shine for Vivid Sydney 2019

ST Foundation, a Leading Korea Technology Corporation, Takes Over 'MY1EX'

EuroSchool Records Sharp Rise in CBSE and ICSE Results

Entersoft Security Announces the First Ever Brisbane Hackfest

Health Horizons - Indian Hemp Store Grows at a Blistering Pace

WCG 2019 Xi'an Announces New Horizons' Games

European Commission Moves Ahead in Assessing Hyperloop Regulatory Needs

Royal Canadian Mint Silver Coin Celebrates 50th Anniversary of Plastic Ono Band's Give Peace A Chance

The World Federation of Hemophilia (WFH) welcomes Bayer AG to the WFH Humanitarian Aid Program

C-V2X Contributes to Safer Roads for Everyone

Shell starts production at Appomattox in the Gulf of Mexico

Hublot's Family of Tennis Champions in Paris

SRK Knowledge Foundation Organized a Program 'UDAAN - Towards Shining Future' for Students From Rural Areas in Surat City to Nurture Their Dreams

INSEAD launches new Master in Management Programme, offering talented young graduates the ideal launchpad for a global career

TECNO's Second TV Commercial From #ShineInAnyLight Campaign Goes on Air from 25th May'19

Digitisation, Personalisation, Sustainability, and Palatable Meat Alternatives Define Agriculture & Nutrition Industry in 2019

Bright Pattern Contact Center Now Available on Microsoft AppSource

Menarini Ricerche at the ASCO Annual Meeting 2019 With Three Different Projects in Oncology

Frost & Sullivan: Mobile Services Market in Asia-Pacific to Increase Focus on B2B and B2B2C Segments Following Launch of 5G

MOBI Announces Citopia, the Second Phase of the MOBI Grand Challenge, with Judges Panel from the Government of Singapore, United Nations, EU, and Architects of the Smart Cities Challenge (USA) Among Others

Natura &Co and Avon join forces to create a Direct-to-Consumer global beauty leader

Key to Workplace Productivity May Be in the Eyes

IBM AI and Cloud Technology Helps Agriculture Industry Improve the World's Food and Crop Supply

TEACH-NOW CEO Emily Feistritzer Named One of Fast Company's 100 Most Creative People in Business for 2019

Frost & Sullivan Sheds Light On Innovations In The Oilfield Supply Chain

Global Survey Shows App Dev Industry Ready for Massive Disruption

Authentix® Receives Export Achievement Award From The U.S. Department Of Commerce International Trade Administration

Pininfarina and AMAC Aerospace Present an Innovative Cabin Concept for the Airbus A350-900

Wind River Recognized with Frost & Sullivan Technology Leadership Award for VxWorks Avionics Software Platform

NetBiz Bags vIDEA Awards for Radius Developers' Lobby Launch Campaign

UL Named a Leading EHS Solution in the Latest Green Quadrant Report

Saba Accelerates Employee Development for J:COM

EpiBone, Inc. Receives FDA Clearance to Commence its First-In-Human, Phase 1/2 Trial of its Bone Product, EB-CMF

Experts Discuss Decentralized Manufacturing to Tackle Neglected Tropical Diseases and Promote Universal Health Coverage at World Health Assembly Event

Ultrasound Scanners Market to Skyrocket with AI, Cloud, and Portable and Ultra-portable Systems

World Brain Day takes on the 'Painful Truth' about Migraine in 2019

India Gearing up for Mass Adoption of Curated Digital Strategies With Big CIO Show Leading the way

Vakrangee Partners With ZEE5

HGC announces 3 major smart solution categories

Thailand promotes AI, robotics technology to spur industry 4.0 readiness

CleverTap Achieves Amazon Web Services (AWS) Digital Customer Experience (DCX) Competency Status

Gratifi, a Digital R&R Platform Introduces Voice-assisted Recognition Feature

OPPO Revolutionizes Mobile Photography With its 10x Hybrid Zoom Innovation

OPPO Revamps Brand Identity; Gears up to Strengthen Position in the Premium Segment With Reno Series Launch in India

Ancient Books Inspire Fathers to Revive Beer Brewing in New Abbey Microbrewery for Grimbergen Beer

Sasol Limited: Update on the Lake Charles Chemical Project

Newly developed seed and seedling revealed at Asia Agri-Tech Expo 2019

Wirecard Further Digitizes Payment Processes for Indian Citizens Together With Government-owned Company UTI Infrastructure Technology and Services Limited

Anonos BigPrivacy Technology Enables Innovation By Leveraging GDPR Compliant Fair Trade Data

Skyscanner Announces SpiceJet Partnership on Flights Integration

Hardware-based Security - Trusted Partner for Connected World

MyBranch Virtual Office and Shared Office Space- Now available in Dehradun and Vadodara

Horion M3 Super Interactive Flat Panel Unveiled in Promotion Conference across Three Cities

FatPipe Announces General Availability of Integrated LTE to its Intelligent Edge SD-WAN Devices

HONOR's Flagship N-Series Welcomes Its Latest Member -- HONOR 20 Series

Dynata Organizes for Future Growth

GAC Motor International Limited Opens in Hong Kong, Paving the Way for Further Global Brand Expansion

Cellebrite and Relativity Partner to Deliver Data From Mobile Devices Directly into Relativity and RelativityOne

Don't Get Left Behind: The Business Risk And Cost Of Technology Obsolescence

ASSIA Optimizes Internet Access for Over 50 Million European Households

Rustomjee Hosts Home Loan Mela at Global City

Frost & Sullivan Praises Sentryo for ICS CyberVision, Its Industrial Cybersecurity Platform

CORRECTION - Flock Coliving: Flock Coliving Launches its 102-room Project in Sector 40, Gurugram

Artprice: The Art Market Snaps up the New "Classics of Contemporary Art"

Io-Tahoe Integrates with OneTrust and Joins Data Discovery Partner Program

Antora, Moumita, Sheetal and Sunanda Win Sunsilk Divas to Form the First Ever Professional, All Girl Pop Band of Bangladesh

Gratomic Announces Non-Brokered Private Placement

Martell the Journey: A New Multi-sensory Visitor Experience to Discover Maison Martell

Nektium Pharma Commended by Frost & Sullivan for Introducing Zynamite®, a Novel Natural Extract with Ergogenic and Nootropic Properties

Bitfinex and Ethfinex Launch IEO Platform - Tokinex

Latin America's Mobility Future is About Safety and Flexibility: Key Industry Transformations OEMs Must Embrace

Senior Talent Joins STL's Network Software Business to Drive Deep Customer Engagement

Cloud4C, a Global Cloud Managed Services Provider Gets a Fresh Look

Upgraded ISLE 2020 to be held in Shenzhen New Exhibition Center with One-stop LED and Signage Solution

Hangzhou capitalizes on Aviation Town to become an aviation city

80% of Children Would Eat Healthier Food if They Knew Their Heroes Did Too, Finds Survey by Beko

CGI and Cyberabad Police Work Together to Improve Citizen Safety Through CCTV Maintenance in Hyderabad's Tech Hub

DeepQuanty Artificial Intelligence Labs Announces the Launch of its First Product 'SnapChek'

Sercomm and Altiostar Drive Small Cell and Open vRAN Innovation

Mainstream Renewable Power: Audited 2018 Financial Results

Vymo Collaborates With Microsoft to Power Organizations Globally With its Intelligent Personal Assistant for Sales

Global In-house Centers Leasing to be in the Range of 30-35 Million sq Feet Between 2019-2021, Across the Top Six Cities: Colliers International India

From Sensing to Sensemaking: Converging Big Data with Plant AI

CGTN America's First Podcast

Varian Announces Definitive Agreement to Acquire Cancer Treatment Services International

Surgical Specialties Corporation Launches Caliber Ophthalmics Division to Focus on Global Growth of Ophthalmic Surgical Procedures

2020 Digital Health Predictions: A Look Forward to the Promises of AI, Big Data, Femtech, and More

International Burger Joint Black Tap Celebrates Grand Opening At The Downtown Disney® District At Disneyland Resort With Actress Vanessa Hudgens

Dalmia Bharat Sugar and Industries Limited Announced its Audited Results for the Quarter and Year Ended 31st March, 2019

Objectify Standardises on 'MSC Simufact Additive' for Additive Manufacturing Simulation

Changzhou holds advanced manufacturing technology achievements exhibition

Deciphex Applauded by Frost & Sullivan for its Machine Learning-powered Patholytix Preclinical Digital Pathology Platform

UNUS SED LEO Listing on Bitfinex Following Completion of $1bn Contribution

Emerson's Sensi™ Smart Thermostat Line Earns Frost & Sullivan Acclaim for Convenience, Cost Efficiency

Merck Joins TRANSVAC2 Program to Advance Vaccine Development and Manufacturing

Swiss Re Celebrates International Day Against Homophobia, Transphobia, and Biphobia With 'Ek Madhav Baug'

AlgaEnergy and Krishi Rasayan Group Announce a Joint Venture, AgMA Energy, to Bring New Agricultural Solutions for key Asian Markets

Asia300 Forum Gathers Asian Business and Political Leaders in SW China

Streaming Service Providers Develop Monitoring & Compliance Solutions In-house then Seek Technology Vendors for Deployment

Cosmoprof India 2019 Focuses on Trends and Winning Strategies to Optimize Business Opportunities in India

HKUST and WeBank Launch First HK-Guangdong Joint Laboratory in Banking

Results from Spatz Medical FDA clinical trials confirm that Spatz3, the only Adjustable Gastric Balloon, delivers the highest success rates of all gastric balloons

ACEF Collaborates With NetBiz for Global Customer Engagement Awards

CATL's ESS Solutions and LFP Technology Take Centre Stage at ees Europe 2019

MEIL Proved its Superiority in Hydrocarbons Sector Too

9stacks Launches Pokerface With Gopal Datt: India's First Poker Chat Show

Moët Hennessy Acquires Château du Galoupet, Côtes-de-Provence, Cru Classé Since 1955

8th Annual InnoPack Pharma Confex Set to Engage Industry Audience

Calastone Goes Live With World's Largest Financial Services Community on Blockchain

IIT Kanpur Alumnus Donates USD 100,000 Towards Class of 1984 Endowed Chair

NI and OPAL-RT Sign Strategic Agreement to Work Together to Advance Electric Vehicle Testing Through Hardware-in-the-Loop Simulation

A New Approach to Treating Alzheimer's Disease Receives Major NIA Backing

Jubilant Biosys is first to add ForteBio's latest SPR System in India, for fragment screening and characterization of lead compounds

Rising Insolvencies Increase Demand for Credit Insurance in Asia Pacific, Atradius Survey Reveals

MUSE Global Eyes India as Next Step in International Expansion

Neymar Jr. x Diesel Fragrances Launch Spirit of the Brave

IBS Software to Acquire Canadian Aviation Software Major

Shiv Nadar University Celebrates Its Fifth Convocation

The Rising Global Impression of Manipal’s AUA, College of Medicine

UST Global Announces CEO Retirement and Succession Plan

MaxiMine Forms Strategic Partnership With Jinse Finance as Salon Series Hits Chengdu

SEMI Monitors Escalating U.S.-China Trade Tensions; Eyes Global Electronics Supply Chain Impact

GCL System Unveils Cast-Mono Products to Welcome Grid-Parity Era

Bicester Village Launches 'Celebrating India' With VIP Guests Waris Ahluwalia, Jodie Kidd and Donna Air

Panda Asian Food Festival kicks off in Chengdu

Zoya Presents Style Digest 2.0 With Ace Stylist Rhea Kapoor

STL Launches Disruptive Portfolio of Software Products to Accelerate CSPs' Digital Reinvention

TPV Announces the Availability of the Revolutionary 65" Ambilight Philips Television in India

IIM Udaipur Placement 2019: Offers From Multiple Global Locations; Major E-Commerce and FMCG Players Among Top Recruiters

BanQu Secures Partnership with RSM Spain to Bring Supply Chain Transparency, Traceability and Sustainability to Spanish and European Markets

Pearson India to Focus on B2C Business to Accelerate Growth

Peppa Pig and her Brother George Finally Arrive in India

LeadSquared Raises USD 3 Million in Series-A Funding to Focus on Global Expansion

Vidyashilp Community Trust Adopts 21 Government Schools in the N4 Region of Bengaluru

Apex Professional University Recognized as the 'Best Education Brand of 2019' by the Economic Times

Research Afoot at Shoolini University to Produce Biodiesel From Biowaste

Hatsun Agro Product Ltd Strengthens its Portfolio With the Launch of New Dairy Products

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Congress may opt for MP from South as le...
AAP MLA blames Kejriwal for loss in LS p...
CBI arrests six for rigging BITS Pilani ...
BJP won by spreading communal poison, po...
'Sharp devotion': Modi devotee carves PM...
Sanatan Sanstha terms arrest of lawyer '...
More...    
 
 Top Stories
Valencia wins Copa del Rey title af... 
Local IS commander among 4 killed b... 
NGO provides fodder to cattle, meal... 
Acharya Balkrishna receives 'UNSDG ... 
PM Modi continues to receive congra... 
Raman Singh meets Nitin Gadkari, ex... 
Miley Cyrus debuts 3 songs at BBC R... 
Modi's sweeping LS poll victory, a ...