Post by account_disabled on Dec 19, 2023 7:10:20 GMT
After months of Russian troops invading Ukraine Artmarket.com and Artprice noticed that The global art market has continued to operate as planned, relatively unaffected by the conflicts occurring on European borders. With prestigious exhibitions like Art Basel, TEFAF and Brafa already (or about to be) held in Europe, alongside the Venice Biennale and dOCUMENTA, there is no sign that war will dampen the celebrations. (Going beyond the recovery period from the COVID-19 outbreak or threats from ecological crises) billion worth of bids were sold at auctions in the first five months of this year, compared with $5.4 billion in the same period last year. And 2022 looks even more confident.
That's a 12% increase!” Thierry Ehrmann, CEO and founder of Artmarket.com and its Artprice division report a 50% increase in turnover in the United States. Artprice's analysis shows a strong Telegram Number Data start to 2022, even as auction houses continue to be affected by the COVID-19 pandemic in many parts of the world (particularly Asia). This year's winner is clearly the United States. that announced a 50% increase in fine art auction profits after the big spring sales season. The most recent high-profile auction was the close to $200 million sale of Andy Warhol's Shot Sage Blue Marilyn (1964) at Christie's. It is gallery owner Larry Gagosian, whose business is likely affected by international sanctions on Russian elites. which is one of his customer groups.
New York's spring sales were also boosted by Jean-Michel Basquiat's Untitled (1982), with Japanese billionaire Yusaku Maezawa paying $57.3 million for the painting in 2018. 2016 and they put it up for sale again this year. and sold for $85 million. It increased in value by 48% in just 6 years, so Jean-Michel Basquiat's Untitled (1982) returned an average of +6.8% per year over the 6 years of Maezawa's collection. This capital gain It was only part of Christie's buyer's fee (representing more than $11 million in the lot), but it also reassured the market, having seen the price of Basquiat's work skyrocket since the purchase.
That's a 12% increase!” Thierry Ehrmann, CEO and founder of Artmarket.com and its Artprice division report a 50% increase in turnover in the United States. Artprice's analysis shows a strong Telegram Number Data start to 2022, even as auction houses continue to be affected by the COVID-19 pandemic in many parts of the world (particularly Asia). This year's winner is clearly the United States. that announced a 50% increase in fine art auction profits after the big spring sales season. The most recent high-profile auction was the close to $200 million sale of Andy Warhol's Shot Sage Blue Marilyn (1964) at Christie's. It is gallery owner Larry Gagosian, whose business is likely affected by international sanctions on Russian elites. which is one of his customer groups.
New York's spring sales were also boosted by Jean-Michel Basquiat's Untitled (1982), with Japanese billionaire Yusaku Maezawa paying $57.3 million for the painting in 2018. 2016 and they put it up for sale again this year. and sold for $85 million. It increased in value by 48% in just 6 years, so Jean-Michel Basquiat's Untitled (1982) returned an average of +6.8% per year over the 6 years of Maezawa's collection. This capital gain It was only part of Christie's buyer's fee (representing more than $11 million in the lot), but it also reassured the market, having seen the price of Basquiat's work skyrocket since the purchase.